Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.048%

Price spread now: edgeX against GRVT+0.082%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$690.689% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.082%, 7d avg +0.023%

Together, before fees−0.038%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.059% dearer against GRVT than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT EWJ_USDT_Perp	97.756	0	get 0.0000% / 8h	1h 57m	$627K	$397K	10x
Short	edgeX EWJUSDC	97.837	0.0036	get 0.0018% / 4h	1h 57m	$596K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee GRVTbpFee edgeXbpOrdersPrice spread, now +0.082%Rate

Funding earned: $7.56
Price spread: +0.082% → +0.023%: $5.87
Slippage, 4 orders: −$50.89
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$55.46
Costs to cover: 0.689%
Break-even: 58.3 days

Slippage from GRVT: live order book, 51 min ago; edgeX: live order book, 52 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 GRVT live order book, 51 min ago	1.02 bp	29.8 bp −$30	7367.2 bp −$73.7K	doesn't fit	doesn't fit
Sell edgeX live order book, 52 min ago	6.13 bp	11.2 bp −$11	21.3 bp −$213	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
BloFin EWJ-USDT	−0.0009%	8h	97.890	+0.137%	$43K	$68K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.816	+0.061%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.894	+0.141%	$1.1M	$850K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.890	+0.137%	$192K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.880	+0.127%	$297K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.820	+0.065%	$347K	$194K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.900	+0.147%	$272K	$87K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.840	+0.086%	$748K	$144K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.802	+0.047%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perplong	0.0000%	8h	97.756	long leg	$627K	$397K	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	97.850	+0.096%	$2K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.726	−0.031%	$8K	$37K	20x	as long as short
edgeX EWJUSDCshort	+0.0036%	4h	97.837	+0.082%	$596K	$234K	20x
tradeXYZ xyz:EWJ	+0.0083%	1h	97.930	+0.178%	$1.5M	$549K	20x	as long as short
Hotstuff EWJ-PERP	+0.0096%	1h	97.910	+0.157%	$34K	—	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.830	+0.075%	$151K	$982K	20x	as long as short