Funding you earn now, next payment 16:00 UTC−0.0627%/8h= −68.7% APRnext payment −$6.27 per $10,000 · paid last 24h −0.023%
Price spread now: MEXC against GRVT+0.027%67s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.536% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.027%, 7d avg +0.020%
=Together, before fees−0.083%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.27 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT EWJ_USDT_Perp | 98.294 | 0.0745 | pay 0.0745% / 8h | 4h 32m | $630K | $421K | 10x |
| Short | MEXC EWJ_USDT | 98.320 | 0.0118 | get 0.0118% / 8h | 4h 32m | $686K | $273K | 20x |
GRVT EWJ_USDT_Perp
MEXC EWJ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$131.67
- Price spread: +0.027% → +0.020%
- $0.71
- Slippage, 4 orders
- −$44.59
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$184.55
- Costs to cover
- 0.536%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 9 min ago; MEXC: live order book, 1 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, 9 min ago | 2.03 bp | 25.0 bp −$25 | 1555.4 bp −$15.6K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 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 15 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 | −0.0174% | 4h | 98.263 | −0.031% | $599K | $233K | 20x | as long as short |
| Aster EWJUSDT | 0.0000% | 8h | 98.235 | −0.059% | $18K | $4K | 20x | as long as short |
| Bybit EWJUSDT | 0.0000% | 8h | 98.340 | +0.047% | $187K | $104K | 25x | as long as short |
| OKX EWJ-USDT-SWAP | 0.0000% | 8h | 98.330 | +0.037% | $299K | $125K | 20x | as long as short |
| Gate EWJ_USDT | 0.0000% | 8h | 98.310 | +0.017% | $350K | $220K | 25x | as long as short |
| Bitget EWJUSDT | 0.0000% | 8h | 98.290 | −0.004% | $738K | $205K | 20x | as long as short |
| SunX EWJ-USDT | 0.0000% | 8h | 98.269 | −0.025% | $2K | $1.5M | 20x | as long as short |
| HTX EWJ-USDT | 0.0000% | 8h | 98.088 | −0.209% | $8K | $38K | 20x | as long as short |
| BloFin EWJ-USDT | +0.0027% | 8h | 98.320 | +0.027% | $44K | $69K | 20x | as long as short |
| Variational Omni EWJ | +0.0051% | 8h | 98.257 | −0.037% | $117K | $30K | — | as long as short |
edgeX EWJUSDC
Aster EWJUSDT
Bybit EWJUSDT
OKX EWJ-USDT-SWAP
Gate EWJ_USDT
Bitget EWJUSDT
SunX EWJ-USDT
HTX EWJ-USDT
BloFin EWJ-USDT
Variational Omni EWJShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:EWJ | +0.0084% | 1h | 98.316 | +0.023% | $1.5M | $651K | 20x | as long as short |
| KuCoin EWJUSDTM | +0.0100% | 8h | 98.330 | +0.037% | $160K | $1.1M | 20x | as long as short |
| MEXC EWJ_USDTshort | +0.0118% | 8h | 98.320 | +0.027% | $686K | $273K | 20x | |
| Binance EWJUSDT | +0.0120% | 8h | 98.310 | +0.017% | $1.1M | $1.1M | 20x | as long as short |
| GRVT EWJ_USDT_Perplong | +0.0745% | 8h | 98.294 | long leg | $630K | $421K | 10x |
tradeXYZ xyz:EWJ
KuCoin EWJUSDTM
Binance EWJUSDT