Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.048%

Price spread now: tradeXYZ against Bitget+0.057%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$680.677% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.057%, 7d avg −0.014%

Together, before fees+0.118%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and tradeXYZ is 0.071% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EWJUSDT	98.280	0	get 0.0000% / 8h	4h 45m	$738K	$205K	20x
Short	tradeXYZ xyz:EWJ	98.336	0.0192	get 0.0024% / 1h	45m 38s	$1.5M	$664K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.057%Rate

Funding earned: $40.33
Price spread: +0.057% → −0.014%: $7.13
Slippage, 4 orders: −$37.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$20.25
Costs to cover: 0.677%
Break-even: 10.5 days

Slippage from Bitget: live order book, 58 min ago; tradeXYZ: live order book, 5 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 Bitget live order book, 58 min ago	4.06 bp	19.0 bp −$19	43.3 bp −$433	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	4.62 bp	15.7 bp −$16	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
Aster EWJUSDT	0.0000%	8h	98.266	−0.014%	$18K	$4K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.280	0.000%	$187K	$104K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.350	+0.071%	$299K	$125K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.290	+0.010%	$349K	$219K	25x	as long as short
Bitget EWJUSDTlong	0.0000%	8h	98.280	long leg	$738K	$205K	20x
SunX EWJ-USDT	0.0000%	8h	98.288	+0.008%	$1K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.257	−0.023%	$8K	$38K	20x	as long as short
Variational Omni EWJ	+0.0006%	8h	98.434	+0.157%	$117K	$30K	—	as long as short
BloFin EWJ-USDT	+0.0007%	8h	98.420	+0.142%	$44K	$70K	20x	as long as short
MEXC EWJ_USDT	+0.0093%	8h	98.300	+0.020%	$686K	$272K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EWJUSDT	+0.0098%	8h	98.320	+0.041%	$1.1M	$1.1M	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.380	+0.102%	$160K	$1.1M	20x	as long as short
tradeXYZ xyz:EWJshort	+0.0192%	1h	98.336	+0.057%	$1.5M	$664K	20x
edgeX EWJUSDC	+0.0488%	4h	98.376	+0.098%	$600K	$233K	20x	as long as short
Hotstuff EWJ-PERP	+0.0712%	1h	98.450	+0.173%	$35K	—	20x	as long as short
GRVT EWJ_USDT_Perp	+0.0743%	8h	98.388	+0.110%	$630K	$419K	10x	as long as short