Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0448%/8h= −49.1% APRpaid last 24h −0.024%

Price spread now: BloFin against edgeX−0.008%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.209% in total (about -10.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EWJUSDC	97.677	0.0464	pay 0.0232% / 4h	3h 44m	$595K	$233K	20x
Short	BloFin EWJ-USDT	97.670	0.0015	get 0.0015% / 8h	7h 44m	$43K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against edgeX. 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 edgeXbpFee BloFinbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$94.17
Price spread: −0.008% → 0.000%: −$0.76
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$115.93
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 54 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 54 min ago	6.65 bp	11.7 bp −$12	21.7 bp −$217	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff EWJ-PERP	−0.0264%	1h	97.630	−0.049%	$34K	—	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.708	+0.031%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.642	−0.037%	$1.1M	$858K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.650	−0.028%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.670	−0.008%	$296K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.650	−0.028%	$341K	$178K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.640	−0.038%	$403K	$104K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.630	−0.049%	$741K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.623	−0.056%	$109K	$23K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.682	+0.005%	$627K	$405K	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	97.581	−0.099%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.757	+0.081%	$8K	$38K	20x	as long as short
BloFin EWJ-USDTshort	+0.0015%	8h	97.670	−0.008%	$43K	$68K	20x
tradeXYZ xyz:EWJ	+0.0088%	1h	97.647	−0.031%	$1.4M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.630	−0.049%	$151K	$1.0M	20x	as long as short
edgeX EWJUSDClong	+0.0464%	4h	97.677	long leg	$595K	$233K	20x