EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0128%/8h= −14.0% APRnext payment −$1.28 per $10,000 · paid last 24h −0.114%

Price spread now: Gate against MEXC−0.031%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1171.165% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.031%, 7d avg −0.039%

Together, before fees−0.191%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EWJ_USDT	98.320	0.0128	pay 0.0128% / 8h	4h 09m	$686K	$274K	20x
Short	Gate EWJ_USDT	98.290	0	get 0.0000% / 8h	4h 09m	$350K	$221K	25x

Funding history

latest

Range statsloading…

Gate against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now −0.031%Rate

Slippage from MEXC: live order book, 24 min ago; Gate: live order book, 29 min ago.

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, 24 min ago	4.58 bp	9.9 bp −$10	25.7 bp −$257	65.1 bp −$6,514	143.0 bp −$71.5K
Sell Gate live order book, 29 min ago	4.58 bp	52.4 bp −$52	doesn't fit	doesn't fit	doesn't fit

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	−0.0067%	4h	98.352	+0.033%	$600K	$232K	20x	as long as short
BloFin EWJ-USDT	−0.0010%	8h	98.330	+0.010%	$44K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.289	−0.032%	$18K	$4K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.370	+0.051%	$187K	$104K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.390	+0.071%	$299K	$125K	20x	as long as short
Gate EWJ_USDTshort	0.0000%	8h	98.290	−0.031%	$350K	$221K	25x
Bitget EWJUSDT	0.0000%	8h	98.340	+0.020%	$739K	$206K	20x	as long as short
SunX EWJ-USDT	0.0000%	8h	98.253	−0.068%	$2K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.211	−0.111%	$8K	$38K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0050%	1h	98.333	+0.013%	$1.5M	$651K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWJ	+0.0065%	8h	98.297	−0.023%	$117K	$30K	—	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.330	+0.010%	$160K	$1.2M	20x	as long as short
Hotstuff EWJ-PERP	+0.0120%	1h	98.370	+0.051%	$35K	—	20x	as long as short
MEXC EWJ_USDTlong	+0.0128%	8h	98.320	long leg	$686K	$274K	20x
Binance EWJUSDT	+0.0129%	8h	98.330	+0.010%	$1.1M	$1.1M	20x	as long as short
GRVT EWJ_USDT_Perp	+0.0616%	8h	98.328	+0.008%	$630K	$419K	10x	as long as short