EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.047%

Price spread now: Binance against KuCoin+0.023%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$960as in the Funding arb table

Net, price: spread back to 7d avg − costs−$956as in the Price arb table

costs, in and out, $10k−$9529.518% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.023%, 7d avg +0.063%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.040% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EWJUSDTM	97.500	0.0100	pay 0.0100% / 8h	7h 28m	$150K	$1.0M	20x
Short	Binance EWJUSDT	97.522	0	get 0.0000% / 8h	7h 28m	$1.1M	$860K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.023%Rate

Funding earned: −$21
Price spread: +0.023% → +0.063%: −$4.04
Slippage, 4 orders: −$929.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$976.88
Costs to cover: 9.518%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Binance: live order book, 4 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 KuCoin live order book, 6 min ago	4.61 bp	206.0 bp −$206	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.51 bp	14.7 bp −$15	49.6 bp −$496	doesn't fit	doesn't fit

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	−0.0925%	4h	97.525	+0.026%	$595K	$233K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.607	+0.110%	$15K	$962	20x	as long as short
Binance EWJUSDTshort	0.0000%	8h	97.522	+0.023%	$1.1M	$860K	20x
Bybit EWJUSDT	0.0000%	8h	97.500	0.000%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.480	−0.021%	$295K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.470	−0.031%	$341K	$179K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.510	+0.010%	$402K	$105K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.490	−0.010%	$738K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.519	+0.019%	$109K	$23K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.536	+0.037%	$626K	$407K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDT	0.0000%	8h	97.419	−0.083%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.509	+0.009%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0006%	8h	97.490	−0.010%	$43K	$68K	20x	as long as short
Hotstuff EWJ-PERP	+0.0016%	1h	97.470	−0.031%	$34K	—	20x	as long as short
KuCoin EWJUSDTMlong	+0.0100%	8h	97.500	long leg	$150K	$1.0M	20x
tradeXYZ xyz:EWJ	+0.0132%	1h	97.532	+0.033%	$1.4M	$545K	20x	as long as short