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

EWJ

RWAall EWJ markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.051%
Price spread now: KuCoin against Bitget−0.051%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$411as in the Funding arb table
Net, price: spread back to 7d avg − costs−$435as in the Price arb table
costs, in and out, $10k−$4334.332% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.219%+$22 on $10k
Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.051%, 7d avg −0.034%
Together, before fees+0.332%+$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget EWJUSDT98.1700get 0.0000% / 8h6h 55m$740K$142K20x
ShortKuCoin EWJUSDTM98.1200.0100get 0.0100% / 8h6h 55m$151K$1.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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
$21
Price spread: −0.051% → −0.034%
−$1.7
Slippage, 4 orders
−$409.21
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$413.91
Costs to cover
4.332%
Break-even
145.0 days
Slippage from Bitget: live order book, 35 min ago; KuCoin: live order book, 9 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 Bitget live order book, 35 min ago0.51 bp16.7 bp −$1736.5 bp −$365doesn't fitdoesn't fit
Sell KuCoin live order book, 9 min ago3.56 bp227.3 bp −$227doesn't fitdoesn't fitdoesn't fit

EWJ on 16 venues

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−0.0575%4h98.190+0.020%$599K$232K20xas long as short
BloFin EWJ-USDT−0.0030%8h98.1700.000%$43K$68K20xas long as short
Aster EWJUSDT0.0000%8h98.107−0.064%$15K$1K20xas long as short
Binance EWJUSDT0.0000%8h98.1700.000%$1.1M$902K20xas long as short
Bybit EWJUSDT0.0000%8h98.130−0.041%$213K$59K25xas long as short
OKX EWJ-USDT-SWAP0.0000%8h98.150−0.020%$297K$114K20xas long as short
Gate EWJ_USDT0.0000%8h98.140−0.031%$346K$180K25xas long as short
MEXC EWJ_USDT0.0000%8h98.1700.000%$906K$187K20xas long as short
Bitget EWJUSDTlong0.0000%8h98.170long leg$740K$142K20x
Variational Omni EWJ0.0000%8h98.211+0.042%$117K$30Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT EWJ_USDT_Perp0.0000%8h98.204+0.034%$629K$425K10xas long as short
SunX EWJ-USDT0.0000%8h98.165−0.005%$1K$1.4M20xas long as short
HTX EWJ-USDT0.0000%8h98.088−0.084%$8K$38K20xas long as short
KuCoin EWJUSDTMshort+0.0100%8h98.120−0.051%$151K$1.0M20x
tradeXYZ xyz:EWJ+0.0192%1h98.189+0.019%$1.5M$562K20xas long as short
Hotstuff EWJ-PERP+0.0440%1h98.1700.000%$34K20xas long as short