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

EWJ

RWAall EWJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0110%/8h= +12.1% APRnext payment +$1.10 per $10,000 · paid last 24h +0.049%
Price spread now: KuCoin against BloFin+0.030%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.224%+$22 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.030% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin EWJ-USDT98.370−0.0010get 0.0010% / 8h4h 44m$44K$69K20x
ShortKuCoin EWJUSDTM98.4000.0100get 0.0100% / 8h4h 44m$160K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$23.12
Price spread: +0.030% → 0.000%
$3.05
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$2.17
Costs to cover
0.240%
Break-even
6.3 days
Slippage unknown: BloFin: no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell KuCoin live order book, 3 min ago4.57 bp173.3 bp −$173doesn't fitdoesn't fitdoesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin EWJ-USDTlong−0.0010%8h98.370long leg$44K$69K20x
Aster EWJUSDT0.0000%8h98.300−0.071%$18K$4K20xas long as short
Bybit EWJUSDT0.0000%8h98.320−0.051%$187K$104K25xas long as short
OKX EWJ-USDT-SWAP0.0000%8h98.350−0.020%$299K$125K20xas long as short
Gate EWJ_USDT0.0000%8h98.300−0.071%$350K$219K25xas long as short
Bitget EWJUSDT0.0000%8h98.300−0.071%$738K$205K20xas long as short
SunX EWJ-USDT0.0000%8h98.283−0.088%$2K$1.5M20xas long as short
HTX EWJ-USDT0.0000%8h98.178−0.195%$8K$38K20xas long as short
Variational Omni EWJ+0.0030%8h98.320−0.051%$117K$30Kas long as short
MEXC EWJ_USDT+0.0097%8h98.320−0.051%$686K$272K20xas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin EWJUSDTMshort+0.0100%8h98.400+0.030%$160K$1.1M20x
Binance EWJUSDT+0.0100%8h98.320−0.051%$1.1M$1.1M20xas long as short
tradeXYZ xyz:EWJ+0.0182%1h98.344−0.026%$1.5M$651K20xas long as short
edgeX EWJUSDC+0.0488%4h98.376+0.006%$600K$233K20xas long as short
Hotstuff EWJ-PERP+0.0712%1h98.450+0.081%$35K20xas long as short
GRVT EWJ_USDT_Perp+0.0756%8h98.385+0.015%$631K$418K10xas long as short