Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h −0.042%

Price spread now: Gate against edgeX−0.023%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1251.246% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.023%, 7d avg −0.048%

Together, before fees−0.303%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.025% dearer against edgeX than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.048%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 7 days (−0.252% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EWJUSDC	98.482	0.0012	pay 0.0006% / 4h	1h 30m	$600K	$233K	20x
Short	Gate EWJ_USDT	98.460	0	get 0.0000% / 8h	5h 30m	$357K	$216K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.023%Rate

Funding earned: −$2.6
Price spread: −0.023% → −0.048%: $2.49
Slippage, 4 orders: −$100.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$124.67
Costs to cover: 1.246%
Break-even: never at this rate

Slippage from edgeX: live order book, 16 min ago; Gate: live order book, 13 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, 16 min ago	6.60 bp	12.0 bp −$12	21.3 bp −$213	doesn't fit	doesn't fit
Sell Gate live order book, 13 min ago	2.54 bp	55.1 bp −$55	doesn't fit	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
Hotstuff EWJ-PERP	−8.0000%	1h	98.490	+0.008%	$34K	—	20x	as long as short
BloFin EWJ-USDT	−0.0019%	8h	98.520	+0.038%	$44K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.438	−0.045%	$18K	$4K	20x	as long as short
Binance EWJUSDT	0.0000%	8h	98.500	+0.018%	$1.1M	$1.1M	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.460	−0.023%	$219K	$67K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.580	+0.099%	$300K	$127K	20x	as long as short
Gate EWJ_USDTshort	0.0000%	8h	98.460	−0.023%	$357K	$216K	25x
MEXC EWJ_USDT	0.0000%	8h	98.460	−0.023%	$814K	$255K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.390	−0.094%	$739K	$198K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	98.500	+0.018%	$117K	$30K	—	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDT	0.0000%	8h	98.454	−0.029%	$2K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.294	−0.191%	$8K	$38K	20x	as long as short
edgeX EWJUSDClong	+0.0012%	4h	98.482	long leg	$600K	$233K	20x
KuCoin EWJUSDTM	+0.0100%	8h	98.420	−0.063%	$160K	$1.1M	20x	as long as short
tradeXYZ xyz:EWJ	+0.0189%	1h	98.518	+0.036%	$1.5M	$672K	20x	as long as short
GRVT EWJ_USDT_Perp	+0.0321%	8h	98.496	+0.014%	$631K	$425K	10x	as long as short