Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.044%

Price spread now: tradeXYZ against BloFin−0.023%88s7-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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

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

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

Funding pays, the price is against you. tradeXYZ is 0.023% cheaper against BloFin than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 22 hours of funding at the current rate (+$3 a day). The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EWJ-USDT	98.250	−0.0026	get 0.0026% / 8h	6h 09m	$44K	$69K	20x
Short	tradeXYZ xyz:EWJ	98.227	0.0061	get 0.0008% / 1h	9m 48s	$1.5M	$657K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.023%Rate

Funding earned: $18.2
Price spread: −0.023% → 0.000%: −$2.34
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$14.14
Costs to cover: 0.300%
Break-even: 12.4 days

Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 1 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 tradeXYZ live order book, 1 min ago	0.25 bp	10.7 bp −$11	20.7 bp −$207	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 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
edgeX EWJUSDC	−0.0634%	4h	98.170	−0.081%	$598K	$234K	20x	as long as short
BloFin EWJ-USDTlong	−0.0026%	8h	98.250	long leg	$44K	$69K	20x
Aster EWJUSDT	0.0000%	8h	98.180	−0.071%	$15K	$1K	20x	as long as short
Binance EWJUSDT	0.0000%	8h	98.220	−0.031%	$1.0M	$1.1M	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.270	+0.020%	$219K	$65K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.230	−0.020%	$299K	$127K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.170	−0.081%	$345K	$199K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	98.230	−0.020%	$894K	$197K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.190	−0.061%	$742K	$191K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	98.203	−0.048%	$117K	$30K	—	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWJ_USDT_Perp	0.0000%	8h	98.252	+0.002%	$630K	$420K	10x	as long as short
SunX EWJ-USDT	0.0000%	8h	98.169	−0.082%	$2K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.087	−0.166%	$8K	$38K	20x	as long as short
tradeXYZ xyz:EWJshort	+0.0061%	1h	98.227	−0.023%	$1.5M	$657K	20x
KuCoin EWJUSDTM	+0.0100%	8h	98.070	−0.183%	$151K	$1.1M	20x	as long as short
Hotstuff EWJ-PERP	+0.0680%	1h	98.230	−0.020%	$34K	—	20x	as long as short