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

EWJ

RWAall EWJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h −0.119%
Price spread now: BloFin against GRVT−0.025%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.207%−$21 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Funding pays, the price is against you. BloFin is 0.025% cheaper against GRVT than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.9 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.207%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT EWJ_USDT_Perp98.2550get 0.0000% / 8h6h 58m$630K$425K10x
ShortBloFin EWJ-USDT98.2300.0029get 0.0029% / 8h6h 58m$43K$68K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against GRVT. 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
$6.17
Price spread: −0.025% → 0.000%
−$2.52
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$17.35
Costs to cover
0.210%
Break-even
26.7 days
Slippage unknown: GRVT: live order book, 35 min ago; BloFin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 35 min ago0.51 bp35.9 bp −$3631131.2 bp −$311.3Kdoesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster EWJUSDT0.0000%8h98.152−0.105%$15K$1K20xas long as short
Binance EWJUSDT0.0000%8h98.230−0.025%$1.1M$899K20xas long as short
Bybit EWJUSDT0.0000%8h98.160−0.096%$213K$59K25xas long as short
OKX EWJ-USDT-SWAP0.0000%8h98.180−0.076%$297K$115K20xas long as short
Gate EWJ_USDT0.0000%8h98.150−0.107%$346K$179K25xas long as short
MEXC EWJ_USDT0.0000%8h98.190−0.066%$907K$187K20xas long as short
Bitget EWJUSDT0.0000%8h98.180−0.076%$740K$142K20xas long as short
Variational Omni EWJ0.0000%8h98.262+0.007%$117K$30Kas long as short
GRVT EWJ_USDT_Perplong0.0000%8h98.255long leg$630K$425K10x
SunX EWJ-USDT0.0000%8h98.204−0.052%$1K$1.4M20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EWJ-USDT0.0000%8h98.080−0.178%$8K$38K20xas long as short
BloFin EWJ-USDTshort+0.0029%8h98.230−0.025%$43K$68K20x
Hotstuff EWJ-PERP+0.0048%1h98.210−0.046%$34K20xas long as short
KuCoin EWJUSDTM+0.0100%8h98.150−0.107%$151K$1.0M20xas long as short
tradeXYZ xyz:EWJ+0.0236%1h98.222−0.033%$1.5M$562K20xas long as short
edgeX EWJUSDC+0.0817%4h98.263+0.009%$599K$234K20xas long as short