Funding you earn now, next payment 09:00 UTC−0.0175%/8h= −19.2% APRpaid last 24h +0.019%
Price spread now: tradeXYZ against edgeX+0.009%46s7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as 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−$540.543% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.009%, 7d avg −0.042%
=Together, before fees−0.095%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.050% dearer against edgeX than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.042%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.062% in total) that is about 5.7 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX EWJUSDC | 97.584 | 0.0288 | pay 0.0144% / 4h | 3h 36m | $595K | $232K | 20x |
| Short | tradeXYZ xyz:EWJ | 97.593 | 0.0112 | get 0.0014% / 1h | 36m 42s | $1.4M | $545K | 20x |
edgeX EWJUSDC
tradeXYZ xyz:EWJFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$36.79
- Price spread: +0.009% → −0.042%
- $5.05
- Slippage, 4 orders
- −$27.32
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$86.07
- Costs to cover
- 0.543%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 62 min ago; tradeXYZ: live order book, 10 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, 62 min ago | 6.65 bp | 11.7 bp −$12 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 2.66 bp | 18.0 bp −$18 | 29.8 bp −$298 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWJ-PERP | −0.0104% | 1h | 97.590 | +0.006% | $34K | — | 20x | as long as short |
| Aster EWJUSDT | 0.0000% | 8h | 97.632 | +0.049% | $15K | $962 | 20x | as long as short |
| Binance EWJUSDT | 0.0000% | 8h | 97.610 | +0.026% | $1.1M | $860K | 20x | as long as short |
| Bybit EWJUSDT | 0.0000% | 8h | 97.550 | −0.035% | $191K | $24K | 25x | as long as short |
| OKX EWJ-USDT-SWAP | 0.0000% | 8h | 97.670 | +0.088% | $296K | $113K | 20x | as long as short |
| Gate EWJ_USDT | 0.0000% | 8h | 97.580 | −0.005% | $341K | $179K | 25x | as long as short |
| MEXC EWJ_USDT | 0.0000% | 8h | 97.590 | +0.006% | $403K | $105K | 20x | as long as short |
| Bitget EWJUSDT | 0.0000% | 8h | 97.610 | +0.026% | $739K | $143K | 20x | as long as short |
| Variational Omni EWJ | 0.0000% | 8h | 97.584 | −0.001% | $109K | $23K | — | as long as short |
| GRVT EWJ_USDT_Perp | 0.0000% | 8h | 97.611 | +0.027% | $626K | $406K | 10x | as long as short |
Hotstuff EWJ-PERP
Aster EWJUSDT
Binance EWJUSDT
Bybit EWJUSDT
OKX EWJ-USDT-SWAP
Gate EWJ_USDT
MEXC 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 | 97.545 | −0.040% | $1K | $1.4M | 20x | as long as short |
| HTX EWJ-USDT | 0.0000% | 8h | 97.468 | −0.119% | $8K | $38K | 20x | as long as short |
| BloFin EWJ-USDT | +0.0017% | 8h | 97.570 | −0.015% | $43K | $68K | 20x | as long as short |
| KuCoin EWJUSDTM | +0.0100% | 8h | 97.560 | −0.025% | $150K | $1.0M | 20x | as long as short |
| tradeXYZ xyz:EWJshort | +0.0112% | 1h | 97.593 | +0.009% | $1.4M | $545K | 20x | |
| edgeX EWJUSDClong | +0.0288% | 4h | 97.584 | long leg | $595K | $232K | 20x |
SunX EWJ-USDT
HTX EWJ-USDT
BloFin EWJ-USDT
KuCoin EWJUSDTM