Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1180%/8h= +129.2% APRpaid last 24h +0.019%

Price spread now: Hotstuff against edgeX+0.043%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Hotstuff is 0.043% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EWJUSDC	97.668	−0.0660	get 0.0330% / 4h	23m 09s	$595K	$232K	20x
Short	Hotstuff EWJ-PERP	97.710	0.0520	get 0.0065% / 1h	23m 09s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.043%Rate

Funding earned: $247.83
Price spread: +0.043% → 0.000%: $4.31
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $238.14
Costs to cover: 0.140%
Break-even: 0.3 days

Slippage unknown: edgeX: live order book, 16 min ago; Hotstuff: 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, 16 min ago	6.65 bp	11.7 bp −$12	21.7 bp −$217	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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
edgeX EWJUSDClong	−0.0660%	4h	97.668	long leg	$595K	$232K	20x
Gate EWJ_USDT	−0.0146%	8h	97.650	−0.018%	$345K	$194K	25x	as long as short
Aster EWJUSDT	0.0000%	8h	97.681	+0.013%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.700	+0.033%	$1.1M	$866K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.700	+0.033%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.690	+0.023%	$296K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.700	+0.033%	$403K	$105K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.720	+0.053%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.682	+0.014%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.684	+0.016%	$626K	$403K	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	97.653	−0.015%	$2K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.533	−0.138%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0012%	8h	97.680	+0.012%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0066%	1h	97.722	+0.055%	$1.5M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.610	−0.059%	$149K	$1.0M	20x	as long as short
Hotstuff EWJ-PERPshort	+0.0520%	1h	97.710	+0.043%	$34K	—	20x