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Funding arb · Price arb /

EWJ

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.097%
Price spread now: OKX against MEXC+0.041%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Long on MEXCShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.137%−$14 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.041%, 7d avg −0.009%
Together, before fees−0.178%−$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.050% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC EWJ_USDT97.7500get 0.0000% / 8h35m 58s$403K$105K20x
ShortOKX EWJ-USDT-SWAP97.7900get 0.0000% / 8h35m 58s$297K$113K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: +0.041% → −0.009%
$5
Slippage, 4 orders
−$50.39
Fee MEXC: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$55.39
Costs to cover
0.604%
Break-even
never at this rate
Slippage from MEXC: live order book, 40 min ago; OKX: live order book, 64 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 40 min ago1.02 bp5.4 bp −$515.4 bp −$15460.2 bp −$6,018152.0 bp −$76.0K
Sell OKX live order book, 64 min ago3.07 bp27.0 bp −$27doesn't fitdoesn't fitdoesn't fit

EWJ on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EWJ_USDT−0.0128%8h97.7500.000%$345K$194K25xas long as short
Aster EWJUSDT0.0000%8h97.681−0.071%$15K$96220xas long as short
Binance EWJUSDT0.0000%8h97.7500.000%$1.1M$866K20xas long as short
Bybit EWJUSDT0.0000%8h97.720−0.031%$191K$24K25xas long as short
OKX EWJ-USDT-SWAPshort0.0000%8h97.790+0.041%$297K$113K20x
MEXC EWJ_USDTlong0.0000%8h97.750long leg$403K$105K20x
Bitget EWJUSDT0.0000%8h97.7500.000%$746K$142K20xas long as short
Variational Omni EWJ0.0000%8h97.746−0.004%$110K$22K—as long as short
GRVT EWJ_USDT_Perp0.0000%8h97.747−0.003%$626K$403K10xas long as short
SunX EWJ-USDT0.0000%8h97.710−0.041%$2K$1.4M20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EWJ-USDT0.0000%8h97.605−0.148%$8K$37K20xas long as short
BloFin EWJ-USDT+0.0023%8h97.740−0.010%$43K$68K20xas long as short
tradeXYZ xyz:EWJ+0.0090%1h97.742−0.008%$1.5M$545K20xas long as short
KuCoin EWJUSDTM+0.0100%8h97.720−0.031%$151K$1.0M20xas long as short
Hotstuff EWJ-PERP+0.0224%1h97.740−0.010%$34K—20xas long as short
edgeX EWJUSDC+0.0451%4h97.7500.000%$596K$232K20xas long as short