Funding you earn now, next payment 12:00 UTC+0.0960%/8h= +105.1% APRpaid last 24h +0.072%
Price spread now: Binance against edgeX−0.013%60s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.514% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.013%, 7d avg +0.002%
=Together, before fees−0.040%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX EWJUSDC | 98.462 | −0.0884 | get 0.0442% / 4h | 50m 40s | $600K | $232K | 20x |
| Short | Binance EWJUSDT | 98.450 | 0.0076 | get 0.0076% / 8h | 4h 50m | $1.1M | $1.1M | 20x |
edgeX EWJUSDC
Binance EWJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $201.56
- Price spread: −0.013% → +0.002%
- −$1.51
- Slippage, 4 orders
- −$32.42
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $148.63
- Costs to cover
- 0.514%
- Break-even
- 1.8 days
Slippage from edgeX: live order book, 56 min ago; Binance: live order book, 5 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 edgeX live order book, 56 min ago | 6.60 bp | 12.0 bp −$12 | 21.3 bp −$213 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.01 bp | 12.5 bp −$12 | 47.1 bp −$471 | doesn't fit | doesn't fit |
EWJ on 16 exchanges
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 EWJUSDClong | −0.0884% | 4h | 98.462 | long leg | $600K | $232K | 20x | |
| Aster EWJUSDT | 0.0000% | 8h | 98.346 | −0.118% | $18K | $4K | 20x | as long as short |
| Bybit EWJUSDT | 0.0000% | 8h | 98.400 | −0.063% | $188K | $103K | 25x | as long as short |
| OKX EWJ-USDT-SWAP | 0.0000% | 8h | 98.420 | −0.043% | $299K | $125K | 20x | as long as short |
| Gate EWJ_USDT | 0.0000% | 8h | 98.410 | −0.053% | $350K | $218K | 25x | as long as short |
| Bitget EWJUSDT | 0.0000% | 8h | 98.400 | −0.063% | $739K | $200K | 20x | as long as short |
| SunX EWJ-USDT | 0.0000% | 8h | 98.408 | −0.055% | $2K | $1.5M | 20x | as long as short |
| HTX EWJ-USDT | 0.0000% | 8h | 98.248 | −0.218% | $8K | $38K | 20x | as long as short |
| Variational Omni EWJ | +0.0006% | 8h | 98.434 | −0.029% | $117K | $30K | — | as long as short |
| BloFin EWJ-USDT | +0.0010% | 8h | 98.430 | −0.033% | $44K | $69K | 20x | as long as short |
Aster EWJUSDT
Bybit EWJUSDT
OKX EWJ-USDT-SWAP
Gate EWJ_USDT
Bitget EWJUSDT
SunX EWJ-USDT
HTX EWJ-USDT
Variational Omni EWJ
BloFin EWJ-USDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EWJ_USDT | +0.0071% | 8h | 98.400 | −0.063% | $687K | $272K | 20x | as long as short |
| Binance EWJUSDTshort | +0.0076% | 8h | 98.450 | −0.013% | $1.1M | $1.1M | 20x | |
| KuCoin EWJUSDTM | +0.0100% | 8h | 98.400 | −0.063% | $160K | $1.1M | 20x | as long as short |
| tradeXYZ xyz:EWJ | +0.0217% | 1h | 98.406 | −0.057% | $1.5M | $664K | 20x | as long as short |
| Hotstuff EWJ-PERP | +0.0712% | 1h | 98.450 | −0.013% | $35K | — | 20x | as long as short |
| GRVT EWJ_USDT_Perp | +0.0738% | 8h | 98.459 | −0.003% | $631K | $420K | 10x | as long as short |
MEXC EWJ_USDT
KuCoin EWJUSDTM
tradeXYZ xyz:EWJ
Hotstuff EWJ-PERP
GRVT EWJ_USDT_Perp