Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0182%/8h= +20.0% APRpaid last 24h +0.048%

Price spread now: tradeXYZ against HTX+0.169%7-day average — · you sell dearer than you buy

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

Long on HTX Short on tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.169% dearer against HTX than usual: you sell high and buy low: +$17 more if the spread 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	HTX EWJ-USDT	98.178	0	get 0.0000% / 8h	4h 44m	$8K	$38K	20x
Short	tradeXYZ xyz:EWJ	98.344	0.0182	get 0.0023% / 1h	44m 42s	$1.5M	$651K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now +0.169%Rate

Funding earned: $38.29
Price spread: +0.169% → 0.000%: $16.91
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $25.2
Costs to cover: 0.300%
Break-even: 2.4 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 6 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 6 min ago	4.62 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit

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 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
BloFin EWJ-USDT	−0.0010%	8h	98.370	+0.196%	$44K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.300	+0.125%	$18K	$4K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.320	+0.145%	$187K	$104K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.350	+0.175%	$299K	$125K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.300	+0.124%	$350K	$219K	25x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.300	+0.124%	$738K	$205K	20x	as long as short
SunX EWJ-USDT	0.0000%	8h	98.283	+0.107%	$2K	$1.5M	20x	as long as short
HTX EWJ-USDTlong	0.0000%	8h	98.178	long leg	$8K	$38K	20x
Variational Omni EWJ	+0.0030%	8h	98.320	+0.145%	$117K	$30K	—	as long as short
MEXC EWJ_USDT	+0.0097%	8h	98.320	+0.145%	$686K	$272K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin EWJUSDTM	+0.0100%	8h	98.400	+0.226%	$160K	$1.1M	20x	as long as short
Binance EWJUSDT	+0.0100%	8h	98.320	+0.145%	$1.1M	$1.1M	20x	as long as short
tradeXYZ xyz:EWJshort	+0.0182%	1h	98.344	+0.169%	$1.5M	$651K	20x
edgeX EWJUSDC	+0.0488%	4h	98.376	+0.202%	$600K	$233K	20x	as long as short
Hotstuff EWJ-PERP	+0.0712%	1h	98.450	+0.277%	$35K	—	20x	as long as short
GRVT EWJ_USDT_Perp	+0.0756%	8h	98.385	+0.211%	$631K	$418K	10x	as long as short