Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0256%/8h= +28.0% APRpaid last 24h +0.042%

Price spread now: edgeX against Gate+0.108%82s7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as 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−$1801.796% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.108%, 7d avg +0.048%

Together, before fees+0.221%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.059% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.048%. The two prices were read 82 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	Gate EWJ_USDT	98.050	0	get 0.0000% / 8h	6h 20m	$339K	$186K	25x
Short	edgeX EWJUSDC	98.156	0.0256	get 0.0128% / 4h	2h 20m	$598K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee GatebpFee edgeXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $53.73
Price spread: +0.108% → +0.048%: $5.94
Slippage, 4 orders: −$155.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$119.95
Costs to cover: 1.796%
Break-even: 22.6 days

Slippage from Gate: live order book, 28 min ago; edgeX: live order book, 31 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 Gate live order book, 28 min ago	5.60 bp	80.7 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 31 min ago	6.62 bp	11.8 bp −$12	22.0 bp −$220	doesn't fit	doesn't fit

EWJ on 16 exchanges

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
BloFin EWJ-USDT	−0.0009%	8h	98.210	+0.163%	$44K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.112	+0.063%	$15K	$1K	20x	as long as short
Binance EWJUSDT	0.0000%	8h	98.078	+0.029%	$1.1M	$907K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.140	+0.092%	$213K	$59K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.130	+0.082%	$298K	$115K	20x	as long as short
Gate EWJ_USDTlong	0.0000%	8h	98.050	long leg	$339K	$186K	25x
MEXC EWJ_USDT	0.0000%	8h	98.090	+0.041%	$906K	$189K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.140	+0.092%	$737K	$144K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	98.100	+0.051%	$117K	$30K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	98.110	+0.061%	$629K	$423K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDT	0.0000%	8h	98.029	−0.021%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.957	−0.095%	$8K	$38K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0087%	1h	98.097	+0.048%	$1.5M	$562K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.020	−0.031%	$151K	$1.1M	20x	as long as short
edgeX EWJUSDCshort	+0.0256%	4h	98.156	+0.108%	$598K	$232K	20x
Hotstuff EWJ-PERP	+0.0936%	1h	98.120	+0.071%	$34K	—	20x	as long as short