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

EWJ

RWAall EWJ markets
SwapBacktest
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 0.000%
Price spread now: Bitget against Bybit0.000%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1051.053% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%$0 on $10k
Price spread, last 4 days (all we have)−0.019%−$2 · spread now 0.000%, 7d avg +0.010%
Together, before fees−0.014%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EWJUSDT97.6900get 0.0000% / 8h1h 07m$191K$24K25x
ShortBitget EWJUSDT97.6900get 0.0000% / 8h1h 07m$746K$142K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: 0.000% → +0.010%
−$0.98
Slippage, 4 orders
−$82.32
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$106.3
Costs to cover
1.053%
Break-even
never at this rate
Slippage from Bybit: live order book, 18 min ago; Bitget: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 18 min ago8.71 bp53.4 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 33 min ago5.12 bp16.5 bp −$1630.9 bp −$309doesn't fitdoesn't fit

EWJ on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EWJ_USDT−0.0084%8h97.6900.000%$345K$201K25xas long as short
BloFin EWJ-USDT−0.0015%8h97.710+0.020%$43K$69K20xas long as short
Aster EWJUSDT0.0000%8h97.645−0.046%$15K$96220xas long as short
Binance EWJUSDT0.0000%8h97.700+0.010%$1.1M$857K20xas long as short
Bybit EWJUSDTlong0.0000%8h97.690long leg$191K$24K25x
OKX EWJ-USDT-SWAP0.0000%8h97.700+0.010%$296K$113K20xas long as short
MEXC EWJ_USDT0.0000%8h97.6900.000%$403K$106K20xas long as short
Bitget EWJUSDTshort0.0000%8h97.6900.000%$746K$142K20x
Variational Omni EWJ0.0000%8h97.632−0.059%$110K$22Kas long as short
GRVT EWJ_USDT_Perp0.0000%8h97.646−0.045%$626K$401K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX EWJ-USDT0.0000%8h97.657−0.034%$1K$1.4M20xas long as short
HTX EWJ-USDT0.0000%8h97.470−0.225%$8K$37K20xas long as short
tradeXYZ xyz:EWJ+0.0050%1h97.6900.000%$1.5M$544K20xas long as short
KuCoin EWJUSDTM+0.0100%8h97.540−0.154%$151K$1.0M20xas long as short
edgeX EWJUSDC+0.0116%4h97.639−0.052%$595K$232K20xas long as short
Hotstuff EWJ-PERP+0.0360%1h97.680−0.010%$34K20xas long as short