EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.053%

Price spread now: tradeXYZ against Hotstuff+0.051%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. tradeXYZ is 0.051% dearer against Hotstuff than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff EWJ-PERP	97.700	0.0112	pay 0.0014% / 1h	57m 41s	$34K	—	20x
Short	tradeXYZ xyz:EWJ	97.750	0.0094	get 0.0012% / 1h	57m 41s	$1.5M	$545K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$3.83
Price spread: +0.051% → 0.000%: $5.12
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.71
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	3.58 bp	17.3 bp −$17	doesn't fit	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 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	−0.0841%	4h	97.720	+0.020%	$596K	$232K	20x	as long as short
Gate EWJ_USDT	−0.0104%	8h	97.670	−0.031%	$345K	$192K	25x	as long as short
BloFin EWJ-USDT	−0.0013%	8h	97.700	0.000%	$43K	$68K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.703	+0.003%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.724	+0.025%	$1.1M	$859K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.700	0.000%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.750	+0.051%	$296K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.720	+0.020%	$403K	$103K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.710	+0.010%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.723	+0.023%	$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_Perp	0.0000%	8h	97.736	+0.037%	$627K	$402K	10x	as long as short
SunX EWJ-USDT	0.0000%	8h	97.672	−0.029%	$958	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.514	−0.190%	$8K	$37K	20x	as long as short
tradeXYZ xyz:EWJshort	+0.0094%	1h	97.750	+0.051%	$1.5M	$545K	20x
KuCoin EWJUSDTM	+0.0100%	8h	97.680	−0.020%	$150K	$1.0M	20x	as long as short
Hotstuff EWJ-PERPlong	+0.0112%	1h	97.700	long leg	$34K	—	20x