Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.018%

Price spread now: edgeX against Aster−0.017%60s7-day average — · you buy dearer than you sell

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

Long on Aster Short on edgeX

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 · edgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EWJUSDT	97.656	0	get 0.0000% / 8h	1h 06m	$15K	$962	20x
Short	edgeX EWJUSDC	97.639	0.0116	get 0.0058% / 4h	1h 06m	$595K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $24.44
Price spread: −0.017% → 0.000%: −$1.67
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $5.76
Costs to cover: 0.170%
Break-even: 5.3 days

Slippage unknown: Aster: no order-book sample; edgeX: live order book, 37 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 edgeX live order book, 37 min ago	6.14 bp	11.5 bp −$11	21.4 bp −$214	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
Gate EWJ_USDT	−0.0086%	8h	97.690	+0.035%	$345K	$201K	25x	as long as short
BloFin EWJ-USDT	−0.0015%	8h	97.710	+0.056%	$43K	$69K	20x	as long as short
Aster EWJUSDTlong	0.0000%	8h	97.656	long leg	$15K	$962	20x
Binance EWJUSDT	0.0000%	8h	97.700	+0.045%	$1.1M	$857K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.700	+0.045%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.700	+0.045%	$296K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.690	+0.035%	$403K	$106K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.680	+0.025%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.632	−0.024%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.646	−0.010%	$626K	$401K	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	97.657	+0.001%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.470	−0.190%	$8K	$37K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0050%	1h	97.677	+0.022%	$1.5M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.550	−0.108%	$150K	$1.0M	20x	as long as short
edgeX EWJUSDCshort	+0.0116%	4h	97.639	−0.017%	$595K	$232K	20x
Hotstuff EWJ-PERP	+0.0128%	1h	97.710	+0.056%	$34K	—	20x	as long as short