Funding you earn now, next payment 12:00 UTC−0.0464%/8h= −50.8% APRpaid last 24h +0.072%
Price spread now: MEXC against edgeX−0.059%113s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as 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−$360.361% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.059%, 7d avg −0.009%
=Together, before fees−0.024%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and MEXC is 0.050% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.009%). Swap the legs. The two prices were read 113 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 -0.066% in total (about -3.4% 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 43m | $595K | $233K | 20x |
| Short | MEXC EWJ_USDT | 97.620 | 0 | get 0.0000% / 8h | 7h 43m | $403K | $104K | 20x |
edgeX EWJUSDC
MEXC EWJ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$97.34
- Price spread: −0.059% → −0.009%
- −$5.01
- Slippage, 4 orders
- −$27.05
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$138.41
- Costs to cover
- 0.361%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 55 min ago; MEXC: live order book, 27 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, 55 min ago | 6.65 bp | 11.7 bp −$12 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 27 min ago | 0.51 bp | 4.9 bp −$5 | 15.3 bp −$153 | 54.4 bp −$5,437 | 137.8 bp −$68.9K |
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 | 97.690 | +0.013% | $15K | $962 | 20x | as long as short |
| Binance EWJUSDT | 0.0000% | 8h | 97.630 | −0.049% | $1.1M | $858K | 20x | as long as short |
| Bybit EWJUSDT | 0.0000% | 8h | 97.610 | −0.069% | $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 | 97.610 | −0.069% | $341K | $178K | 25x | as long as short |
| MEXC EWJ_USDTshort | 0.0000% | 8h | 97.620 | −0.059% | $403K | $104K | 20x | |
| Bitget EWJUSDT | 0.0000% | 8h | 97.610 | −0.069% | $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 |
Hotstuff EWJ-PERP
Aster EWJUSDT
Binance EWJUSDT
Bybit EWJUSDT
OKX EWJ-USDT-SWAP
Gate EWJ_USDT
Bitget EWJUSDT
Variational Omni EWJ
GRVT EWJ_USDT_PerpShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX EWJ-USDT | 0.0000% | 8h | 97.571 | −0.109% | $1K | $1.4M | 20x | as long as short |
| HTX EWJ-USDT | 0.0000% | 8h | 97.421 | −0.263% | $8K | $38K | 20x | as long as short |
| BloFin EWJ-USDT | +0.0015% | 8h | 97.670 | −0.008% | $43K | $68K | 20x | as long as short |
| tradeXYZ xyz:EWJ | +0.0084% | 1h | 97.617 | −0.062% | $1.4M | $545K | 20x | as long as short |
| KuCoin EWJUSDTM | +0.0100% | 8h | 97.620 | −0.059% | $150K | $1.0M | 20x | as long as short |
| edgeX EWJUSDClong | +0.0464% | 4h | 97.677 | long leg | $595K | $233K | 20x |
SunX EWJ-USDT
HTX EWJ-USDT
BloFin EWJ-USDT
tradeXYZ xyz:EWJ
KuCoin EWJUSDTM