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 −0.051%

Price spread now: OKX against KuCoin−0.051%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,183as in the Price arb table

costs, in and out, $10k−$1,17411.741% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.051%, 7d avg +0.040%

Together, before fees−0.194%−$19 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 OKX is 0.091% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EWJUSDTM	98.400	0.0100	pay 0.0100% / 8h	4h 44m	$160K	$1.1M	20x
Short	OKX EWJ-USDT-SWAP	98.350	0	get 0.0000% / 8h	4h 44m	$299K	$125K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$21
Price spread: −0.051% → +0.040%: −$9.07
Slippage, 4 orders: −$1,152.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,204.15
Costs to cover: 11.741%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 58 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, 3 min ago	4.57 bp	942.9 bp −$943	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 58 min ago	5.07 bp	29.9 bp −$30	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
BloFin EWJ-USDT	−0.0010%	8h	98.370	−0.030%	$44K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.300	−0.101%	$18K	$4K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.320	−0.081%	$187K	$104K	25x	as long as short
OKX EWJ-USDT-SWAPshort	0.0000%	8h	98.350	−0.051%	$299K	$125K	20x
Gate EWJ_USDT	0.0000%	8h	98.300	−0.102%	$350K	$219K	25x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.300	−0.102%	$738K	$205K	20x	as long as short
SunX EWJ-USDT	0.0000%	8h	98.283	−0.119%	$2K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.178	−0.226%	$8K	$38K	20x	as long as short
Variational Omni EWJ	+0.0030%	8h	98.320	−0.081%	$117K	$30K	—	as long as short
MEXC EWJ_USDT	+0.0097%	8h	98.320	−0.081%	$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 EWJUSDTMlong	+0.0100%	8h	98.400	long leg	$160K	$1.1M	20x
Binance EWJUSDT	+0.0100%	8h	98.320	−0.081%	$1.1M	$1.1M	20x	as long as short
tradeXYZ xyz:EWJ	+0.0182%	1h	98.344	−0.057%	$1.5M	$651K	20x	as long as short
edgeX EWJUSDC	+0.0488%	4h	98.376	−0.024%	$600K	$233K	20x	as long as short
Hotstuff EWJ-PERP	+0.0712%	1h	98.450	+0.051%	$35K	—	20x	as long as short
GRVT EWJ_USDT_Perp	+0.0756%	8h	98.385	−0.015%	$631K	$418K	10x	as long as short