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

EWJ

RWAall EWJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against OKX−0.031%113s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BloFin is 0.031% cheaper against OKX than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 10 days of funding at the current rate ($0 a day). The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EWJ-USDT-SWAP97.5200get 0.0000% / 8h7h 25m$295K$113K20x
ShortBloFin EWJ-USDT97.4900.0010get 0.0010% / 8h7h 25m$43K$68K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$2.06
Price spread: −0.031% → 0.000%
−$3.08
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$23.02
Costs to cover
0.220%
Break-even
85.3 days
Slippage unknown: OKX: live order book, 5 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago1.03 bp19.8 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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 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−0.0857%4h97.485−0.036%$594K$232K20xas long as short
Aster EWJUSDT0.0000%8h97.629+0.112%$15K$96220xas long as short
Binance EWJUSDT0.0000%8h97.532+0.013%$1.1M$854K20xas long as short
Bybit EWJUSDT0.0000%8h97.5200.000%$191K$24K25xas long as short
OKX EWJ-USDT-SWAPlong0.0000%8h97.520long leg$295K$113K20x
Gate EWJ_USDT0.0000%8h97.510−0.010%$341K$179K25xas long as short
MEXC EWJ_USDT0.0000%8h97.540+0.021%$402K$105K20xas long as short
Bitget EWJUSDT0.0000%8h97.5200.000%$737K$142K20xas long as short
Variational Omni EWJ0.0000%8h97.511−0.009%$111K$25Kas long as short
GRVT EWJ_USDT_Perp0.0000%8h97.540+0.020%$626K$409K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX EWJ-USDT0.0000%8h97.454−0.068%$1K$1.4M20xas long as short
HTX EWJ-USDT0.0000%8h97.509−0.011%$9K$38K20xas long as short
BloFin EWJ-USDTshort+0.0010%8h97.490−0.031%$43K$68K20x
Hotstuff EWJ-PERP+0.0088%1h97.540+0.021%$34K20xas long as short
KuCoin EWJUSDTM+0.0100%8h97.510−0.010%$149K$1.0M20xas long as short
tradeXYZ xyz:EWJ+0.0131%1h97.543+0.024%$1.4M$547K20xas long as short