Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0520%/8h= +56.9% APRpaid last 24h −0.005%

Price spread now: Hotstuff against Binance+0.010%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHotstuff: 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: +$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EWJUSDT	97.700	0	get 0.0000% / 8h	23m 33s	$1.1M	$866K	20x
Short	Hotstuff EWJ-PERP	97.710	0.0520	get 0.0065% / 1h	23m 33s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Binance. 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 BinancebpFee HotstuffbpOrdersPrice spread, now +0.010%Rate

Funding earned: $109.2
Price spread: +0.010% → 0.000%: $1.02
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $95.22
Costs to cover: 0.150%
Break-even: 0.9 days

Slippage unknown: Binance: live order book, 9 min ago; Hotstuff: no order-book sample. 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 Binance live order book, 9 min ago	1.02 bp	14.0 bp −$14	50.7 bp −$507	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	−0.033%	$595K	$232K	20x	as long as short
Gate EWJ_USDT	−0.0146%	8h	97.650	−0.051%	$345K	$194K	25x	as long as short
Aster EWJUSDT	0.0000%	8h	97.685	−0.015%	$15K	$962	20x	as long as short
Binance EWJUSDTlong	0.0000%	8h	97.700	long leg	$1.1M	$866K	20x
Bybit EWJUSDT	0.0000%	8h	97.710	+0.010%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.690	−0.010%	$296K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.700	0.000%	$403K	$105K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.720	+0.020%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.682	−0.018%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.684	−0.016%	$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	97.656	−0.045%	$2K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.533	−0.171%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0021%	8h	97.700	0.000%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0068%	1h	97.724	+0.025%	$1.5M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.610	−0.092%	$150K	$1.0M	20x	as long as short
Hotstuff EWJ-PERPshort	+0.0520%	1h	97.710	+0.010%	$34K	—	20x