EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0128%/8h= +14.0% APRnext payment +$1.28 per $10,000 · paid last 24h +0.114%

Price spread now: MEXC against Gate+0.010%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1171.165% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.010%, 7d avg +0.039%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.028% cheaper against Gate than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.039%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EWJ_USDT	98.310	0	get 0.0000% / 8h	4h 09m	$350K	$221K	25x
Short	MEXC EWJ_USDT	98.320	0.0128	get 0.0128% / 8h	4h 09m	$686K	$274K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.010%Rate

Funding earned: $26.88
Price spread: +0.010% → +0.039%: −$2.83
Slippage, 4 orders: −$101.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$92.47
Costs to cover: 1.165%
Break-even: 31.1 days

Slippage from Gate: live order book, 29 min ago; MEXC: live order book, 24 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, 29 min ago	4.58 bp	46.0 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 24 min ago	4.58 bp	8.2 bp −$8	17.3 bp −$173	58.4 bp −$5,843	135.2 bp −$67.6K

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
edgeX EWJUSDC	−0.0067%	4h	98.352	+0.043%	$600K	$232K	20x	as long as short
BloFin EWJ-USDT	−0.0010%	8h	98.330	+0.020%	$44K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.311	+0.001%	$18K	$4K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.390	+0.081%	$187K	$104K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.390	+0.081%	$299K	$125K	20x	as long as short
Gate EWJ_USDTlong	0.0000%	8h	98.310	long leg	$350K	$221K	25x
Bitget EWJUSDT	0.0000%	8h	98.340	+0.031%	$739K	$206K	20x	as long as short
SunX EWJ-USDT	0.0000%	8h	98.253	−0.058%	$2K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.211	−0.101%	$8K	$38K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0050%	1h	98.347	+0.038%	$1.5M	$651K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWJ	+0.0065%	8h	98.297	−0.013%	$117K	$30K	—	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.330	+0.020%	$160K	$1.2M	20x	as long as short
Hotstuff EWJ-PERP	+0.0120%	1h	98.370	+0.061%	$35K	—	20x	as long as short
MEXC EWJ_USDTshort	+0.0128%	8h	98.320	+0.010%	$686K	$274K	20x
Binance EWJUSDT	+0.0129%	8h	98.330	+0.020%	$1.1M	$1.1M	20x	as long as short
GRVT EWJ_USDT_Perp	+0.0616%	8h	98.328	+0.018%	$630K	$419K	10x	as long as short