Funding arb · Price arb /

EWJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.055%

Price spread now: Aster against OKX−0.031%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.031% cheaper against OKX 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	OKX EWJ-USDT-SWAP	98.150	0	get 0.0000% / 8h	6h 21m	$298K	$115K	20x
Short	Aster EWJUSDT	98.119	0	get 0.0000% / 8h	6h 21m	$15K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → 0.000%: −$3.12
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 27 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 OKX live order book, 27 min ago	4.58 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit
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 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	−0.0009%	8h	98.210	+0.061%	$44K	$69K	20x	as long as short
Aster EWJUSDTshort	0.0000%	8h	98.119	−0.031%	$15K	$1K	20x
Binance EWJUSDT	0.0000%	8h	98.112	−0.038%	$1.1M	$907K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.140	−0.010%	$213K	$59K	25x	as long as short
OKX EWJ-USDT-SWAPlong	0.0000%	8h	98.150	long leg	$298K	$115K	20x
Gate EWJ_USDT	0.0000%	8h	98.080	−0.071%	$339K	$186K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	98.120	−0.031%	$906K	$189K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.140	−0.010%	$737K	$144K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	98.160	+0.010%	$117K	$30K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	98.110	−0.041%	$629K	$423K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDT	0.0000%	8h	98.060	−0.092%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.957	−0.197%	$8K	$38K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0094%	1h	98.125	−0.025%	$1.5M	$562K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.040	−0.112%	$151K	$1.1M	20x	as long as short
edgeX EWJUSDC	+0.0256%	4h	98.156	+0.006%	$598K	$232K	20x	as long as short
Hotstuff EWJ-PERP	+0.0480%	1h	98.100	−0.051%	$34K	—	20x	as long as short