Funding arb · Price arb /

EWJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.055%

Price spread now: Aster against Bybit−0.046%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.046% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EWJUSDT	97.690	0	get 0.0000% / 8h	1h 07m	$191K	$24K	25x
Short	Aster EWJUSDT	97.645	0	get 0.0000% / 8h	1h 07m	$15K	$962	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → 0.000%: −$4.63
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.63
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 18 min ago; Aster: no order-book sample. 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 Bybit live order book, 18 min ago	8.71 bp	53.4 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Gate EWJ_USDT	−0.0084%	8h	97.690	0.000%	$345K	$201K	25x	as long as short
BloFin EWJ-USDT	−0.0015%	8h	97.710	+0.020%	$43K	$69K	20x	as long as short
Aster EWJUSDTshort	0.0000%	8h	97.645	−0.046%	$15K	$962	20x
Binance EWJUSDT	0.0000%	8h	97.700	+0.010%	$1.1M	$857K	20x	as long as short
Bybit EWJUSDTlong	0.0000%	8h	97.690	long leg	$191K	$24K	25x
OKX EWJ-USDT-SWAP	0.0000%	8h	97.700	+0.010%	$296K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.690	0.000%	$403K	$106K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.690	0.000%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.632	−0.059%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.646	−0.045%	$626K	$401K	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	97.657	−0.034%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.470	−0.225%	$8K	$37K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0050%	1h	97.690	0.000%	$1.5M	$544K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.540	−0.154%	$151K	$1.0M	20x	as long as short
edgeX EWJUSDC	+0.0116%	4h	97.639	−0.052%	$595K	$232K	20x	as long as short
Hotstuff EWJ-PERP	+0.0360%	1h	97.680	−0.010%	$34K	—	20x	as long as short