EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.84 per $10,000 · paid last 24h +0.121%

Price spread now: GRVT against Gate−0.045%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1711.706% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.045%, 7d avg +0.023%

Together, before fees+0.385%+ Points / potential airdropGRVT: Active · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.068% cheaper against Gate than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.023%). If the spread goes back, that is −$7 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EWJ_USDT	97.690	−0.0084	get 0.0084% / 8h	1h 07m	$345K	$201K	25x
Short	GRVT EWJ_USDT_Perp	97.646	0	get 0.0000% / 8h	1h 07m	$626K	$401K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.045%Rate

Funding earned: $17.64
Price spread: −0.045% → +0.023%: −$6.81
Slippage, 4 orders: −$146.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$159.75
Costs to cover: 1.706%
Break-even: 70.4 days

Slippage from Gate: live order book, 33 min ago; GRVT: live order book, 36 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, 33 min ago	7.17 bp	24.6 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 36 min ago	0.51 bp	26.6 bp −$27	88.0 bp −$880	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
Gate EWJ_USDTlong	−0.0084%	8h	97.690	long leg	$345K	$201K	25x
BloFin EWJ-USDT	−0.0015%	8h	97.710	+0.020%	$43K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.645	−0.046%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.700	+0.010%	$1.1M	$857K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.690	0.000%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.700	+0.010%	$296K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.690	0.000%	$403K	$106K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.690	0.000%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.632	−0.059%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perpshort	0.0000%	8h	97.646	−0.045%	$626K	$401K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDT	0.0000%	8h	97.657	−0.034%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.470	−0.225%	$8K	$37K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0050%	1h	97.690	0.000%	$1.5M	$544K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.540	−0.154%	$151K	$1.0M	20x	as long as short
edgeX EWJUSDC	+0.0116%	4h	97.639	−0.052%	$595K	$232K	20x	as long as short
Hotstuff EWJ-PERP	+0.0360%	1h	97.680	−0.010%	$34K	—	20x	as long as short