EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.051%

Price spread now: KuCoin against Bybit0.000%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$891as in the Funding arb table

Net, price: spread back to 7d avg − costs−$910as in the Price arb table

costs, in and out, $10k−$9139.130% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now 0.000%, 7d avg −0.027%

Together, before fees+0.203%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.027% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EWJUSDT	97.600	0	get 0.0000% / 8h	7h 40m	$191K	$24K	25x
Short	KuCoin EWJUSDTM	97.600	0.0100	get 0.0100% / 8h	7h 40m	$150K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → −0.027%: $2.66
Slippage, 4 orders: −$890
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$889.34
Costs to cover: 9.130%
Break-even: 303.4 days

Slippage from Bybit: live order book, 39 min ago; KuCoin: live order book, 4 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, 39 min ago	12.80 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.08 bp	195.2 bp −$195	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
Hotstuff EWJ-PERP	−0.0264%	1h	97.630	+0.031%	$34K	—	20x	as long as short
BloFin EWJ-USDT	−0.0028%	8h	97.630	+0.031%	$43K	$68K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.677	+0.079%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.610	+0.010%	$1.1M	$859K	20x	as long as short
Bybit EWJUSDTlong	0.0000%	8h	97.600	long leg	$191K	$24K	25x
OKX EWJ-USDT-SWAP	0.0000%	8h	97.670	+0.072%	$296K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.590	−0.010%	$341K	$178K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.600	0.000%	$403K	$104K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.630	+0.031%	$740K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.623	+0.023%	$109K	$23K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWJ_USDT_Perp	0.0000%	8h	97.630	+0.030%	$626K	$406K	10x	as long as short
SunX EWJ-USDT	0.0000%	8h	97.541	−0.060%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.475	−0.128%	$8K	$38K	20x	as long as short
KuCoin EWJUSDTMshort	+0.0100%	8h	97.600	0.000%	$150K	$1.0M	20x
tradeXYZ xyz:EWJ	+0.0102%	1h	97.607	+0.007%	$1.4M	$545K	20x	as long as short
edgeX EWJUSDC	+0.0176%	4h	97.625	+0.026%	$595K	$234K	20x	as long as short