Funding arb · Price arb /

EWJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.042%

Price spread now: Aster against MEXC−0.027%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.027% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it 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	MEXC EWJ_USDT	97.710	0	get 0.0000% / 8h	22m 54s	$403K	$105K	20x
Short	Aster EWJUSDT	97.684	0	get 0.0000% / 8h	22m 54s	$15K	$962	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → 0.000%: −$2.65
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.65
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 53 min ago; Aster: no order-book sample. 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 MEXC live order book, 53 min ago	1.02 bp	5.4 bp −$5	15.4 bp −$154	60.2 bp −$6,018	152.0 bp −$76.0K
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−0.0660%	4h	97.668	−0.043%	$595K	$232K	20x	as long as short
Gate EWJ_USDT	−0.0146%	8h	97.670	−0.041%	$345K	$194K	25x	as long as short
Aster EWJUSDTshort	0.0000%	8h	97.684	−0.027%	$15K	$962	20x
Binance EWJUSDT	0.0000%	8h	97.709	−0.001%	$1.1M	$866K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.710	0.000%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.700	−0.010%	$296K	$113K	20x	as long as short
MEXC EWJ_USDTlong	0.0000%	8h	97.710	long leg	$403K	$105K	20x
Bitget EWJUSDT	0.0000%	8h	97.720	+0.010%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.682	−0.029%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.684	−0.027%	$626K	$403K	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	97.653	−0.058%	$2K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.533	−0.181%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0012%	8h	97.680	−0.031%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0065%	1h	97.697	−0.013%	$1.5M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.620	−0.092%	$149K	$1.0M	20x	as long as short
Hotstuff EWJ-PERP	+0.0520%	1h	97.710	0.000%	$34K	—	20x	as long as short