Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.052%

Price spread now: tradeXYZ against MEXC+0.041%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.041%, 7d avg −0.030%

Together, before fees−0.015%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.071% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EWJ_USDT	98.430	0	get 0.0000% / 8h	6h 05m	$983K	$229K	20x
Short	tradeXYZ xyz:EWJ	98.470	0.0050	get 0.0006% / 1h	5m 13s	$1.5M	$672K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.041%Rate

Funding earned: $10.5
Price spread: +0.041% → −0.030%: $7.05
Slippage, 4 orders: −$36.25
Fee MEXC: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$36.7
Costs to cover: 0.542%
Break-even: 31.5 days

Slippage from MEXC: live order book, 42 min ago; tradeXYZ: live order book, 5 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 MEXC live order book, 42 min ago	5.09 bp	9.1 bp −$9	15.1 bp −$151	62.1 bp −$6,210	158.1 bp −$79.0K
Sell tradeXYZ live order book, 5 min ago	0.25 bp	10.7 bp −$11	20.7 bp −$207	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
Hotstuff EWJ-PERP	−3.0328%	1h	98.470	+0.041%	$34K	—	20x	as long as short
edgeX EWJUSDC	−0.0416%	4h	98.253	−0.179%	$599K	$233K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.301	−0.131%	$15K	$1K	20x	as long as short
Binance EWJUSDT	0.0000%	8h	98.486	+0.057%	$1.1M	$1.1M	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.380	−0.051%	$220K	$65K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.510	+0.081%	$300K	$127K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.440	+0.010%	$357K	$211K	25x	as long as short
MEXC EWJ_USDTlong	0.0000%	8h	98.430	long leg	$983K	$229K	20x
Bitget EWJUSDT	0.0000%	8h	98.400	−0.030%	$744K	$191K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	98.497	+0.068%	$117K	$30K	—	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWJ_USDT_Perp	0.0000%	8h	98.318	−0.113%	$630K	$423K	10x	as long as short
SunX EWJ-USDT	0.0000%	8h	98.484	+0.055%	$1K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.390	−0.041%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0018%	8h	98.520	+0.091%	$44K	$69K	20x	as long as short
tradeXYZ xyz:EWJshort	+0.0050%	1h	98.470	+0.041%	$1.5M	$672K	20x
KuCoin EWJUSDTM	+0.0100%	8h	98.340	−0.091%	$158K	$1.1M	20x	as long as short