Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.121%

Price spread now: SunX against GRVT+0.160%46s7-day average −0.026% · you sell dearer than you buy

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

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.160%, 7d avg −0.026%

Together, before fees−0.335%+ Points / potential airdropGRVT: Active · farm board−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.186% dearer against GRVT than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT EWJ_USDT_Perp	98.318	0	get 0.0000% / 8h	6h 05m	$630K	$423K	10x
Short	SunX EWJ-USDT	98.476	0	get 0.0000% / 8h	6h 05m	$1K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → −0.026%: $18.63
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: $1.63
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: GRVT: live order book, 45 min ago; SunX: live order book, 2 min ago. 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, 45 min ago	2.55 bp	15.9 bp −$16	49.9 bp −$499	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	500.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
Hotstuff EWJ-PERP	−3.0328%	1h	98.470	+0.154%	$34K	—	20x	as long as short
edgeX EWJUSDC	−0.0416%	4h	98.253	−0.066%	$599K	$233K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.340	+0.022%	$15K	$1K	20x	as long as short
Binance EWJUSDT	0.0000%	8h	98.515	+0.200%	$1.1M	$1.1M	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.380	+0.063%	$220K	$65K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.510	+0.195%	$300K	$127K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.470	+0.154%	$357K	$211K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	98.430	+0.114%	$983K	$229K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.390	+0.073%	$744K	$191K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	98.497	+0.182%	$117K	$30K	—	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWJ_USDT_Perplong	0.0000%	8h	98.318	long leg	$630K	$423K	10x
SunX EWJ-USDTshort	0.0000%	8h	98.476	+0.160%	$1K	$1.5M	20x
HTX EWJ-USDT	0.0000%	8h	98.053	−0.270%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0001%	8h	98.330	+0.012%	$44K	$69K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0050%	1h	98.470	+0.154%	$1.5M	$672K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.340	+0.022%	$158K	$1.1M	20x	as long as short