Settings8H · net · $10k
Funding arb · Price arb /

EWJ

RWAall EWJ markets
SwapBacktest
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 0.000%
Price spread now: Bitget against OKX0.000%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$810.805% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now 0.000%, 7d avg −0.005%
Together, before fees−0.062%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EWJ-USDT-SWAP98.2400get 0.0000% / 8h7h 04m$297K$115K20x
ShortBitget EWJUSDT98.2400get 0.0000% / 8h7h 04m$740K$142K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: 0.000% → −0.005%
$0.49
Slippage, 4 orders
−$58.54
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$80.05
Costs to cover
0.805%
Break-even
never at this rate
Slippage from OKX: live order book, 26 min ago; Bitget: live order book, 26 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 OKX live order book, 26 min ago1.03 bp19.8 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 26 min ago0.51 bp17.4 bp −$1732.4 bp −$324doesn'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
edgeX EWJUSDC−0.0427%4h98.208−0.033%$599K$233K20xas long as short
Aster EWJUSDT0.0000%8h98.180−0.061%$15K$1K20xas long as short
Binance EWJUSDT0.0000%8h98.280+0.041%$1.1M$899K20xas long as short
Bybit EWJUSDT0.0000%8h98.180−0.061%$213K$59K25xas long as short
OKX EWJ-USDT-SWAPlong0.0000%8h98.240long leg$297K$115K20x
Gate EWJ_USDT0.0000%8h98.210−0.031%$346K$187K25xas long as short
MEXC EWJ_USDT0.0000%8h98.280+0.041%$908K$190K20xas long as short
Bitget EWJUSDTshort0.0000%8h98.2400.000%$740K$142K20x
Variational Omni EWJ0.0000%8h98.229−0.011%$117K$30Kas long as short
GRVT EWJ_USDT_Perp0.0000%8h98.232−0.008%$630K$418K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX EWJ-USDT0.0000%8h98.233−0.007%$2K$1.4M20xas long as short
HTX EWJ-USDT0.0000%8h98.020−0.224%$8K$38K20xas long as short
BloFin EWJ-USDT+0.0013%8h98.190−0.051%$43K$68K20xas long as short
Hotstuff EWJ-PERP+0.0040%1h98.230−0.010%$34K20xas long as short
tradeXYZ xyz:EWJ+0.0087%1h98.290+0.051%$1.5M$562K20xas long as short
KuCoin EWJUSDTM+0.0100%8h98.210−0.031%$150K$1.0M20xas long as short