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

EWJ

RWAall EWJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.097%
Price spread now: MEXC against Bybit+0.010%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$830.826% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.142%+$14 on $10k
Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.010%, 7d avg +0.022%
Together, before fees+0.070%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EWJUSDT97.5200get 0.0000% / 8h7h 25m$191K$24K25x
ShortMEXC EWJ_USDT97.5300get 0.0000% / 8h7h 25m$402K$105K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.010% → +0.022%
−$1.19
Slippage, 4 orders
−$71.63
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee MEXC: 0 bp × 2 orders
$0
Net
−$83.82
Costs to cover
0.826%
Break-even
never at this rate
Slippage from Bybit: live order book, 54 min ago; MEXC: live order book, 45 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, 54 min ago12.80 bp35.0 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 45 min ago0.51 bp4.9 bp −$515.3 bp −$15354.4 bp −$5,437137.8 bp −$68.9K

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
edgeX EWJUSDC−0.0857%4h97.485−0.036%$594K$232K20xas long as short
Aster EWJUSDT0.0000%8h97.627+0.110%$15K$96220xas long as short
Binance EWJUSDT0.0000%8h97.527+0.007%$1.1M$854K20xas long as short
Bybit EWJUSDTlong0.0000%8h97.520long leg$191K$24K25x
OKX EWJ-USDT-SWAP0.0000%8h97.5200.000%$295K$113K20xas long as short
Gate EWJ_USDT0.0000%8h97.510−0.010%$341K$179K25xas long as short
MEXC EWJ_USDTshort0.0000%8h97.530+0.010%$402K$105K20x
Bitget EWJUSDT0.0000%8h97.5200.000%$737K$142K20xas long as short
Variational Omni EWJ0.0000%8h97.511−0.009%$111K$25Kas long as short
GRVT EWJ_USDT_Perp0.0000%8h97.540+0.020%$626K$409K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX EWJ-USDT0.0000%8h97.454−0.068%$1K$1.4M20xas long as short
HTX EWJ-USDT0.0000%8h97.509−0.011%$9K$38K20xas long as short
BloFin EWJ-USDT+0.0010%8h97.490−0.031%$43K$68K20xas long as short
Hotstuff EWJ-PERP+0.0088%1h97.540+0.021%$34K20xas long as short
KuCoin EWJUSDTM+0.0100%8h97.510−0.010%$151K$1.0M20xas long as short
tradeXYZ xyz:EWJ+0.0130%1h97.543+0.024%$1.4M$547K20xas long as short