Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1596%/8h= −174.8% APRpaid last 24h +1.508%

Price spread now: edgeX against Hotstuff+0.013%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$48 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff EWJ-PERP	98.450	0.0712	pay 0.0089% / 1h	49m 48s	$35K	—	20x
Short	edgeX EWJUSDC	98.462	−0.0884	pay 0.0442% / 4h	49m 48s	$600K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Hotstuff. 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 HotstuffbpFee edgeXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$335.21
Price spread: +0.013% → 0.000%: $1.27
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$347.94
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 57 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 Hotstuff no order-book sample	—	—	—	—	—
Sell edgeX live order book, 57 min ago	6.60 bp	11.7 bp −$12	21.9 bp −$219	doesn't fit	doesn't fit

Hotstuff: 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 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 EWJUSDCshort	−0.0884%	4h	98.462	+0.013%	$600K	$232K	20x
Aster EWJUSDT	0.0000%	8h	98.246	−0.207%	$18K	$4K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.330	−0.122%	$188K	$103K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.420	−0.030%	$299K	$125K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.360	−0.091%	$350K	$218K	25x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.280	−0.173%	$738K	$203K	20x	as long as short
SunX EWJ-USDT	0.0000%	8h	98.406	−0.045%	$2K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.255	−0.198%	$8K	$38K	20x	as long as short
Variational Omni EWJ	+0.0006%	8h	98.434	−0.016%	$117K	$30K	—	as long as short
BloFin EWJ-USDT	+0.0010%	8h	98.430	−0.020%	$44K	$69K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EWJ_USDT	+0.0071%	8h	98.340	−0.112%	$686K	$272K	20x	as long as short
Binance EWJUSDT	+0.0076%	8h	98.360	−0.091%	$1.1M	$1.1M	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.350	−0.102%	$160K	$1.1M	20x	as long as short
tradeXYZ xyz:EWJ	+0.0210%	1h	98.341	−0.111%	$1.5M	$664K	20x	as long as short
Hotstuff EWJ-PERPlong	+0.0712%	1h	98.450	long leg	$35K	—	20x
GRVT EWJ_USDT_Perp	+0.0738%	8h	98.459	+0.010%	$631K	$420K	10x	as long as short