Funding you earn now, next payment 08:00 UTC−0.0351%/8h= −38.5% APRpaid last 24h −0.022%
Price spread now: KuCoin against edgeX−0.031%83s7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$400as 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−$3973.974% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.031%, 7d avg −0.063%
=Together, before fees−0.029%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.033% dearer against edgeX than usual: you sell high and buy low (spread −0.031% now, against its 7-day average of −0.063%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.029% in total) that is about 7.7 days. The two prices were read 83 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 -0.029% in total (about -1.5% 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 | 97.750 | 0.0451 | pay 0.0226% / 4h | 35m 58s | $596K | $232K | 20x |
| Short | KuCoin EWJUSDTM | 97.720 | 0.0100 | get 0.0100% / 8h | 35m 58s | $151K | $1.0M | 20x |
edgeX EWJUSDC
KuCoin EWJUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$73.76
- Price spread: −0.031% → −0.063%
- $3.25
- Slippage, 4 orders
- −$376.41
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$467.93
- Costs to cover
- 3.974%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 3 min ago; KuCoin: live order book, 9 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, 3 min ago | 6.65 bp | 11.7 bp −$12 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 3.58 bp | 192.4 bp −$192 | doesn't fit | doesn't fit | doesn't fit |
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 | 97.681 | −0.071% | $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 | $105K | 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 | 97.710 | −0.041% | $2K | $1.4M | 20x | as long as short |
Gate EWJ_USDT
Aster EWJUSDT
Binance EWJUSDT
Bybit EWJUSDT
OKX EWJ-USDT-SWAP
MEXC EWJ_USDT
Bitget EWJUSDT
Variational Omni EWJ
GRVT EWJ_USDT_Perp
SunX EWJ-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX EWJ-USDT | 0.0000% | 8h | 97.605 | −0.148% | $8K | $37K | 20x | as long as short |
| BloFin EWJ-USDT | +0.0023% | 8h | 97.740 | −0.010% | $43K | $68K | 20x | as long as short |
| tradeXYZ xyz:EWJ | +0.0090% | 1h | 97.742 | −0.008% | $1.5M | $545K | 20x | as long as short |
| KuCoin EWJUSDTMshort | +0.0100% | 8h | 97.720 | −0.031% | $151K | $1.0M | 20x | |
| 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 |
HTX EWJ-USDT
BloFin EWJ-USDT
tradeXYZ xyz:EWJ
Hotstuff EWJ-PERP