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+0.0015%/8h= +1.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Bybit+0.020%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 days0.000%$0 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 $0 a day on $10k at the current rate, and BloFin is 0.020% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EWJUSDT97.6500get 0.0000% / 8h7h 44m$191K$24K25x
ShortBloFin EWJ-USDT97.6700.0015get 0.0015% / 8h7h 44m$43K$68K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$3.18
Price spread: +0.020% → 0.000%
$2.05
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$17.78
Costs to cover
0.230%
Break-even
46.2 days
Slippage unknown: Bybit: live order book, 35 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 35 min ago12.80 bp35.0 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell BloFin no order-book sample
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 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
Hotstuff EWJ-PERP−0.0264%1h97.630−0.020%$34K20xas long as short
Aster EWJUSDT0.0000%8h97.718+0.069%$15K$96220xas long as short
Binance EWJUSDT0.0000%8h97.655+0.005%$1.1M$858K20xas long as short
Bybit EWJUSDTlong0.0000%8h97.650long leg$191K$24K25x
OKX EWJ-USDT-SWAP0.0000%8h97.670+0.020%$296K$113K20xas long as short
Gate EWJ_USDT0.0000%8h97.630−0.020%$341K$178K25xas long as short
MEXC EWJ_USDT0.0000%8h97.640−0.010%$403K$104K20xas long as short
Bitget EWJUSDT0.0000%8h97.630−0.020%$741K$142K20xas long as short
Variational Omni EWJ0.0000%8h97.623−0.028%$109K$23Kas long as short
GRVT EWJ_USDT_Perp0.0000%8h97.682+0.033%$627K$405K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX EWJ-USDT0.0000%8h97.581−0.071%$1K$1.4M20xas long as short
HTX EWJ-USDT0.0000%8h97.757+0.110%$8K$38K20xas long as short
BloFin EWJ-USDTshort+0.0015%8h97.670+0.020%$43K$68K20x
tradeXYZ xyz:EWJ+0.0090%1h97.631−0.019%$1.4M$545K20xas long as short
KuCoin EWJUSDTM+0.0100%8h97.630−0.020%$150K$1.0M20xas long as short
edgeX EWJUSDC+0.0464%4h97.677+0.028%$595K$233K20xas long as short