Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

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 0.000%

Price spread now: SunX against Bitget−0.113%7-day average −0.028% · you buy dearer than you sell

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.113%, 7d avg −0.028%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.085% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EWJUSDT	98.140	0	get 0.0000% / 8h	6h 20m	$737K	$144K	20x
Short	SunX EWJ-USDT	98.029	0	get 0.0000% / 8h	6h 20m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee BitgetbpFee SunXbpOrdersPrice spread, now −0.113%Rate

Funding earned: $0
Price spread: −0.113% → −0.028%: −$8.51
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.51
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 28 min ago; SunX: live order book, 8 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 Bitget live order book, 28 min ago	3.56 bp	16.5 bp −$16	61.5 bp −$615	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	500.02 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

EWJ on 16 exchanges

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
BloFin EWJ-USDT	−0.0009%	8h	98.210	+0.071%	$44K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.112	−0.029%	$15K	$1K	20x	as long as short
Binance EWJUSDT	0.0000%	8h	98.078	−0.063%	$1.1M	$907K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.140	0.000%	$213K	$59K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.130	−0.010%	$298K	$115K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.050	−0.092%	$339K	$186K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	98.090	−0.051%	$906K	$189K	20x	as long as short
Bitget EWJUSDTlong	0.0000%	8h	98.140	long leg	$737K	$144K	20x
Variational Omni EWJ	0.0000%	8h	98.100	−0.041%	$117K	$30K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	98.110	−0.030%	$629K	$423K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDTshort	0.0000%	8h	98.029	−0.113%	$1K	$1.4M	20x
HTX EWJ-USDT	0.0000%	8h	97.957	−0.186%	$8K	$38K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0087%	1h	98.097	−0.044%	$1.5M	$562K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.020	−0.122%	$151K	$1.1M	20x	as long as short
edgeX EWJUSDC	+0.0256%	4h	98.156	+0.016%	$598K	$232K	20x	as long as short
Hotstuff EWJ-PERP	+0.0936%	1h	98.120	−0.020%	$34K	—	20x	as long as short