Settings8H · net · $10k
Funding arb · Price arb /

EWJ

RWAall EWJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0617%/8h= +67.6% APRpaid last 24h −0.025%
Price spread now: SunX against edgeX−0.076%7-day average −0.052% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.203%−$20 on $10k
Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.076%, 7d avg −0.052%
Together, before fees−0.063%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. SunX is 0.024% cheaper against edgeX than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.052%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −0.203%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.203% in total (about -10.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX EWJUSDC97.569−0.0617get 0.0309% / 4h3h 32m$595K$233K20x
ShortSunX EWJ-USDT97.4950get 0.0000% / 8h7h 32m$1K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$129.65
Price spread: −0.076% → −0.052%
−$2.37
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
$110.28
Costs to cover
0.170%
Break-even
1.0 days
Slippage unknown: edgeX: live order book, 66 min ago; SunX: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 66 min ago6.65 bp11.7 bp −$1221.7 bp −$217doesn't fitdoesn't fit
Sell SunX live order book, 12 min ago500.05 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

EWJ on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX EWJUSDClong−0.0617%4h97.569long leg$595K$233K20x
Hotstuff EWJ-PERP−0.0080%1h97.570+0.001%$34K20xas long as short
BloFin EWJ-USDT−0.0001%8h97.570+0.001%$43K$68K20xas long as short
Aster EWJUSDT0.0000%8h97.596+0.028%$15K$96220xas long as short
Binance EWJUSDT0.0000%8h97.544−0.025%$1.1M$861K20xas long as short
Bybit EWJUSDT0.0000%8h97.520−0.050%$191K$24K25xas long as short
OKX EWJ-USDT-SWAP0.0000%8h97.530−0.040%$295K$113K20xas long as short
Gate EWJ_USDT0.0000%8h97.540−0.030%$341K$179K25xas long as short
MEXC EWJ_USDT0.0000%8h97.550−0.019%$402K$105K20xas long as short
Bitget EWJUSDT0.0000%8h97.540−0.030%$738K$143K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWJ0.0000%8h97.579+0.010%$109K$23Kas long as short
GRVT EWJ_USDT_Perp0.0000%8h97.585+0.016%$626K$406K10xas long as short
SunX EWJ-USDTshort0.0000%8h97.495−0.076%$1K$1.4M20x
HTX EWJ-USDT0.0000%8h97.335−0.240%$8K$38K20xas long as short
KuCoin EWJUSDTM+0.0100%8h97.530−0.040%$150K$1.0M20xas long as short
tradeXYZ xyz:EWJ+0.0130%1h97.534−0.036%$1.4M$545K20xas long as short