Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0866%/8h= −94.9% APRpaid last 24h +0.024%

Price spread now: edgeX against BloFin−0.005%101s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$26 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.209%, so the current rate has only just turned against you. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.209% in total (about 10.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EWJ-USDT	97.490	0.0010	pay 0.0010% / 8h	7h 25m	$43K	$68K	20x
Short	edgeX EWJUSDC	97.485	−0.0857	pay 0.0428% / 4h	3h 25m	$594K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$181.96
Price spread: −0.005% → 0.000%: −$0.55
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$203.51
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; edgeX: 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 BloFin no order-book sample	—	—	—	—	—
Sell edgeX live order book, 8 min ago	6.15 bp	11.1 bp −$11	21.0 bp −$210	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 EWJUSDCshort	−0.0857%	4h	97.485	−0.005%	$594K	$232K	20x
Aster EWJUSDT	0.0000%	8h	97.629	+0.143%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.532	+0.043%	$1.1M	$854K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.520	+0.031%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.520	+0.031%	$295K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.510	+0.021%	$341K	$179K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.540	+0.051%	$402K	$105K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.520	+0.031%	$737K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.511	+0.022%	$111K	$25K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.540	+0.051%	$626K	$409K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDT	0.0000%	8h	97.454	−0.037%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.509	+0.019%	$9K	$38K	20x	as long as short
BloFin EWJ-USDTlong	+0.0010%	8h	97.490	long leg	$43K	$68K	20x
Hotstuff EWJ-PERP	+0.0088%	1h	97.540	+0.051%	$34K	—	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.510	+0.021%	$149K	$1.0M	20x	as long as short
tradeXYZ xyz:EWJ	+0.0131%	1h	97.543	+0.054%	$1.4M	$547K	20x	as long as short