Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.054%

Price spread now: tradeXYZ against Binance+0.011%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.011%, 7d avg −0.052%

Together, before fees−0.053%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.063% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EWJUSDT	97.700	0	get 0.0000% / 8h	2h 25m	$1.1M	$656K	20x
Short	tradeXYZ xyz:EWJ	97.711	0.0056	get 0.0007% / 1h	25m 29s	$1.5M	$504K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.011%Rate

Funding earned: $11.7
Price spread: +0.011% → −0.052%: $6.31
Slippage, 4 orders: −$36.15
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$46.15
Costs to cover: 0.642%
Break-even: 34.6 days

Slippage from Binance: live order book, 7 min ago; tradeXYZ: live order book, 2 min ago.

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, 7 min ago	1.53 bp	15.0 bp −$15	60.1 bp −$601	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 2 min ago	2.61 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit

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	−0.0600%	4h	97.686	−0.014%	$596K	$232K	20x	as long as short
BloFin EWJ-USDT	−0.0008%	8h	97.690	−0.010%	$43K	$68K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.684	−0.017%	$15K	$962	20x	as long as short
Binance EWJUSDTlong	0.0000%	8h	97.700	long leg	$1.1M	$656K	20x
Bybit EWJUSDT	0.0000%	8h	97.680	−0.020%	$201K	$16K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.640	−0.061%	$298K	$94K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.680	−0.020%	$346K	$183K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.700	0.000%	$210K	$81K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.650	−0.051%	$731K	$90K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.679	−0.022%	$105K	$17K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWJ_USDT_Perp	0.0000%	8h	97.746	+0.047%	$626K	$393K	10x	as long as short
SunX EWJ-USDT	0.0000%	8h	97.629	−0.073%	$2K	$1.3M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.433	−0.273%	$8K	$37K	20x	as long as short
tradeXYZ xyz:EWJshort	+0.0056%	1h	97.711	+0.011%	$1.5M	$504K	20x
KuCoin EWJUSDTM	+0.0100%	8h	97.660	−0.041%	$147K	$964K	20x	as long as short
Hotstuff EWJ-PERP	+0.0160%	1h	97.670	−0.031%	$34K	—	20x	as long as short