Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.121%

Price spread now: HTX against GRVT−0.189%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.189% cheaper against GRVT than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT EWJ_USDT_Perp	97.708	0	get 0.0000% / 8h	13m 34s	$627K	$403K	10x
Short	HTX EWJ-USDT	97.524	0	get 0.0000% / 8h	13m 34s	$8K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.189%Rate

Funding earned: $0
Price spread: −0.189% → 0.000%: −$18.86
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$39.86
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 24 min ago; HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 24 min ago	2.05 bp	27.6 bp −$28	1655.8 bp −$16.6K	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EWJUSDC	−0.0364%	4h	97.715	+0.007%	$596K	$234K	20x	as long as short
Gate EWJ_USDT	−0.0155%	8h	97.700	−0.008%	$345K	$195K	25x	as long as short
BloFin EWJ-USDT	−0.0005%	8h	97.720	+0.012%	$43K	$68K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.682	−0.027%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.750	+0.043%	$1.1M	$867K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.710	+0.002%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.700	−0.008%	$296K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.740	+0.032%	$403K	$106K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.740	+0.032%	$745K	$143K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.734	+0.026%	$110K	$22K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWJ_USDT_Perplong	0.0000%	8h	97.708	long leg	$627K	$403K	10x
SunX EWJ-USDT	0.0000%	8h	97.721	+0.013%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDTshort	0.0000%	8h	97.524	−0.189%	$8K	$38K	20x
tradeXYZ xyz:EWJ	+0.0079%	1h	97.742	+0.035%	$1.5M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.670	−0.039%	$150K	$1.0M	20x	as long as short
Hotstuff EWJ-PERP	+0.0160%	1h	97.740	+0.032%	$34K	—	20x	as long as short