EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0146%/8h= −16.0% APRnext payment −$1.46 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.051%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1831.833% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.051%, 7d avg −0.014%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.037% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EWJUSDT	97.700	0	get 0.0000% / 8h	23m 29s	$191K	$24K	25x
Short	Gate EWJ_USDT	97.650	−0.0146	pay 0.0146% / 8h	23m 29s	$345K	$194K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$30.66
Price spread: −0.051% → −0.014%: −$3.69
Slippage, 4 orders: −$157.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$217.63
Costs to cover: 1.833%
Break-even: never at this rate

Slippage from Bybit: live order book, 61 min ago; Gate: live order book, 12 min ago.

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, 61 min ago	8.71 bp	53.4 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 12 min ago	9.21 bp	72.3 bp −$72	doesn't fit	doesn't fit	doesn't fit

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
edgeX EWJUSDC	−0.0660%	4h	97.668	−0.033%	$595K	$232K	20x	as long as short
Gate EWJ_USDTshort	−0.0146%	8h	97.650	−0.051%	$345K	$194K	25x
Aster EWJUSDT	0.0000%	8h	97.686	−0.015%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.700	0.000%	$1.1M	$866K	20x	as long as short
Bybit EWJUSDTlong	0.0000%	8h	97.700	long leg	$191K	$24K	25x
OKX EWJ-USDT-SWAP	0.0000%	8h	97.690	−0.010%	$296K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.700	0.000%	$403K	$105K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.720	+0.020%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.682	−0.018%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.684	−0.016%	$626K	$403K	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	97.656	−0.045%	$2K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.533	−0.171%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0021%	8h	97.700	0.000%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0066%	1h	97.722	+0.023%	$1.5M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.610	−0.092%	$150K	$1.0M	20x	as long as short
Hotstuff EWJ-PERP	+0.0520%	1h	97.710	+0.010%	$34K	—	20x	as long as short