Settings8H · net · $10k
Funding arb · Price arb /

EWJ

RWAall EWJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.098%
Price spread now: OKX against Binance−0.014%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$830.832% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.138%−$14 on $10k
Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.014%, 7d avg −0.029%
Together, before fees−0.290%−$29 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance EWJUSDT98.1440get 0.0000% / 8h6h 17m$1.1M$907K20x
ShortOKX EWJ-USDT-SWAP98.1300get 0.0000% / 8h6h 17m$298K$115K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: −0.014% → −0.029%
$1.46
Slippage, 4 orders
−$63.16
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$81.7
Costs to cover
0.832%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; OKX: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 8 min ago1.02 bp14.6 bp −$1545.3 bp −$453doesn't fitdoesn't fit
Sell OKX live order book, 30 min ago4.58 bp28.6 bp −$29doesn't fitdoesn't fitdoesn't fit

EWJ on 16 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX EWJUSDC−0.0411%4h98.099−0.046%$598K$233K20xas long as short
Aster EWJUSDT0.0000%8h98.128−0.017%$15K$1K20xas long as short
Binance EWJUSDTlong0.0000%8h98.144long leg$1.1M$907K20x
Bybit EWJUSDT0.0000%8h98.140−0.004%$213K$59K25xas long as short
OKX EWJ-USDT-SWAPshort0.0000%8h98.130−0.014%$298K$115K20x
Gate EWJ_USDT0.0000%8h98.100−0.045%$339K$186K25xas long as short
MEXC EWJ_USDT0.0000%8h98.170+0.027%$906K$189K20xas long as short
Bitget EWJUSDT0.0000%8h98.190+0.047%$738K$144K20xas long as short
Variational Omni EWJ0.0000%8h98.100−0.045%$117K$30Kas long as short
GRVT EWJ_USDT_Perp0.0000%8h98.110−0.034%$629K$423K10xas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX EWJ-USDT0.0000%8h98.072−0.073%$1K$1.4M20xas long as short
HTX EWJ-USDT0.0000%8h97.957−0.191%$8K$38K20xas long as short
BloFin EWJ-USDT+0.0029%8h98.180+0.037%$44K$69K20xas long as short
tradeXYZ xyz:EWJ+0.0077%1h98.175+0.032%$1.5M$562K20xas long as short
KuCoin EWJUSDTM+0.0100%8h98.060−0.086%$151K$1.1M20xas long as short
Hotstuff EWJ-PERP+0.0712%1h98.120−0.024%$34K20xas long as short