Funding arb · Price arb /

EWJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.043%

Price spread now: Binance against Aster+0.030%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.030% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EWJUSDT	97.878	0	get 0.0000% / 8h	1h 58m	$15K	$962	20x
Short	Binance EWJUSDT	97.907	0	get 0.0000% / 8h	1h 58m	$1.1M	$847K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → 0.000%: $2.95
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15.05
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Binance: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	1.53 bp	10.8 bp −$11	42.8 bp −$428	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EWJ on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EWJUSDC	−0.0281%	4h	97.960	+0.084%	$597K	$233K	20x	as long as short
Aster EWJUSDTlong	0.0000%	8h	97.878	long leg	$15K	$962	20x
Binance EWJUSDTshort	0.0000%	8h	97.907	+0.030%	$1.1M	$847K	20x
Bybit EWJUSDT	0.0000%	8h	97.840	−0.039%	$192K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.780	−0.100%	$297K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.850	−0.028%	$347K	$191K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.900	+0.023%	$272K	$87K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.840	−0.039%	$748K	$144K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.802	−0.077%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.756	−0.124%	$627K	$397K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDT	0.0000%	8h	97.782	−0.098%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.720	−0.161%	$8K	$37K	20x	as long as short
BloFin EWJ-USDT	+0.0023%	8h	97.800	−0.079%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0083%	1h	97.917	+0.040%	$1.5M	$549K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.870	−0.008%	$151K	$980K	20x	as long as short
Hotstuff EWJ-PERP	+0.0304%	1h	97.880	+0.002%	$34K	—	20x	as long as short