EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0072%/8h= +7.8% APRnext payment +$0.72 per $10,000 · paid last 24h +0.098%

Price spread now: Binance against Bybit+0.041%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$900.902% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.041%, 7d avg +0.041%

Together, before fees+0.251%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EWJUSDT	98.380	0	get 0.0000% / 8h	4h 51m	$188K	$103K	25x
Short	Binance EWJUSDT	98.420	0.0072	get 0.0072% / 8h	4h 51m	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.041%Rate

Slippage from Bybit: live order book, 46 min ago; Binance: live order book, 4 min ago.

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, 46 min ago	5.58 bp	25.7 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.01 bp	12.5 bp −$12	47.1 bp −$471	doesn't fit	doesn't fit

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	−0.0884%	4h	98.462	+0.084%	$600K	$232K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.334	−0.046%	$18K	$4K	20x	as long as short
Bybit EWJUSDTlong	0.0000%	8h	98.380	long leg	$188K	$103K	25x
OKX EWJ-USDT-SWAP	0.0000%	8h	98.420	+0.041%	$299K	$125K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.400	+0.020%	$350K	$218K	25x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.400	+0.020%	$739K	$200K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	98.469	+0.090%	$117K	$30K	—	as long as short
SunX EWJ-USDT	0.0000%	8h	98.408	+0.028%	$2K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.248	−0.134%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0010%	8h	98.430	+0.051%	$44K	$69K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EWJ_USDT	+0.0069%	8h	98.400	+0.020%	$687K	$272K	20x	as long as short
Binance EWJUSDTshort	+0.0072%	8h	98.420	+0.041%	$1.1M	$1.1M	20x
KuCoin EWJUSDTM	+0.0100%	8h	98.410	+0.030%	$160K	$1.1M	20x	as long as short
tradeXYZ xyz:EWJ	+0.0221%	1h	98.406	+0.026%	$1.5M	$664K	20x	as long as short
Hotstuff EWJ-PERP	+0.0712%	1h	98.450	+0.071%	$35K	—	20x	as long as short
GRVT EWJ_USDT_Perp	+0.0738%	8h	98.459	+0.081%	$631K	$420K	10x	as long as short