Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0451%/8h= −49.4% APRpaid last 24h −0.073%

Price spread now: HTX against edgeX−0.148%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 HTX

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and HTX is 0.148% cheaper against edgeX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EWJUSDC	97.750	0.0451	pay 0.0226% / 4h	36m 24s	$596K	$232K	20x
Short	HTX EWJ-USDT	97.605	0	get 0.0000% / 8h	36m 24s	$8K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$94.76
Price spread: −0.148% → 0.000%: −$14.84
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$130.6
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 2 min ago; HTX: 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, 2 min ago	6.65 bp	11.7 bp −$12	21.7 bp −$217	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
Gate EWJ_USDT	−0.0128%	8h	97.750	0.000%	$345K	$194K	25x	as long as short
Aster EWJUSDT	0.0000%	8h	97.680	−0.072%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.750	0.000%	$1.1M	$866K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.720	−0.031%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.790	+0.041%	$297K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.750	0.000%	$403K	$104K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.750	0.000%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.746	−0.004%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.747	−0.003%	$626K	$403K	10x	as long as short
SunX EWJ-USDT	0.0000%	8h	97.724	−0.027%	$1K	$1.4M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EWJ-USDTshort	0.0000%	8h	97.605	−0.148%	$8K	$37K	20x
BloFin EWJ-USDT	+0.0023%	8h	97.740	−0.010%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0092%	1h	97.742	−0.008%	$1.5M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.730	−0.020%	$150K	$1.0M	20x	as long as short
Hotstuff EWJ-PERP	+0.0224%	1h	97.740	−0.010%	$34K	—	20x	as long as short
edgeX EWJUSDClong	+0.0451%	4h	97.750	long leg	$596K	$232K	20x