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 +0.042%

Price spread now: MEXC against Aster+0.047%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 MEXC

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: MEXC is 0.047% dearer against Aster than usual: you sell high and buy low, +$5 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	97.684	0	get 0.0000% / 8h	22m 46s	$15K	$962	20x
Short	MEXC EWJ_USDT	97.730	0	get 0.0000% / 8h	22m 46s	$403K	$105K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → 0.000%: $4.71
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$3.29
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; MEXC: live order book, 53 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 MEXC live order book, 53 min ago	1.02 bp	7.0 bp −$7	14.9 bp −$149	60.4 bp −$6,041	155.5 bp −$77.7K

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	−0.0660%	4h	97.668	−0.016%	$595K	$232K	20x	as long as short
Gate EWJ_USDT	−0.0146%	8h	97.670	−0.014%	$345K	$194K	25x	as long as short
Aster EWJUSDTlong	0.0000%	8h	97.684	long leg	$15K	$962	20x
Binance EWJUSDT	0.0000%	8h	97.715	+0.032%	$1.1M	$866K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.710	+0.027%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.700	+0.016%	$296K	$113K	20x	as long as short
MEXC EWJ_USDTshort	0.0000%	8h	97.730	+0.047%	$403K	$105K	20x
Bitget EWJUSDT	0.0000%	8h	97.720	+0.037%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.682	−0.002%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.684	0.000%	$626K	$403K	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	97.653	−0.032%	$2K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.533	−0.155%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0012%	8h	97.680	−0.004%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0067%	1h	97.733	+0.050%	$1.5M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.620	−0.066%	$149K	$1.0M	20x	as long as short
Hotstuff EWJ-PERP	+0.0520%	1h	97.710	+0.027%	$34K	—	20x	as long as short