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

EWJ

RWAall EWJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate+0.010%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1461.460% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.060%+$6 on $10k
Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.010%, 7d avg +0.015%
Together, before fees+0.094%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate EWJ_USDT97.8200get 0.0000% / 8h1h 58m$347K$190K25x
ShortBybit EWJUSDT97.8300get 0.0000% / 8h1h 58m$192K$24K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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
$0
Price spread: +0.010% → +0.015%
−$0.44
Slippage, 4 orders
−$120.02
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$146.46
Costs to cover
1.460%
Break-even
never at this rate
Slippage from Gate: live order book, 46 min ago; Bybit: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 46 min ago7.67 bp23.6 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 31 min ago6.14 bp36.6 bp −$37doesn'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 EWJUSDC−0.0281%4h97.960+0.143%$597K$233K20xas long as short
Aster EWJUSDT0.0000%8h97.878+0.059%$15K$96220xas long as short
Binance EWJUSDT0.0000%8h97.905+0.087%$1.1M$847K20xas long as short
Bybit EWJUSDTshort0.0000%8h97.830+0.010%$192K$24K25x
OKX EWJ-USDT-SWAP0.0000%8h97.780−0.041%$297K$113K20xas long as short
Gate EWJ_USDTlong0.0000%8h97.820long leg$347K$190K25x
MEXC EWJ_USDT0.0000%8h97.870+0.051%$272K$87K20xas long as short
Bitget EWJUSDT0.0000%8h97.840+0.020%$748K$144K20xas long as short
Variational Omni EWJ0.0000%8h97.802−0.018%$110K$22Kas long as short
GRVT EWJ_USDT_Perp0.0000%8h97.756−0.065%$627K$397K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX EWJ-USDT0.0000%8h97.782−0.039%$1K$1.4M20xas long as short
HTX EWJ-USDT0.0000%8h97.720−0.102%$8K$37K20xas long as short
BloFin EWJ-USDT+0.0023%8h97.800−0.020%$43K$68K20xas long as short
tradeXYZ xyz:EWJ+0.0092%1h97.918+0.100%$1.5M$549K20xas long as short
KuCoin EWJUSDTM+0.0100%8h97.840+0.020%$151K$980K20xas long as short
Hotstuff EWJ-PERP+0.0304%1h97.880+0.061%$34K20xas long as short