EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.051%

Price spread now: KuCoin against OKX−0.142%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,577as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,609as in the Price arb table

costs, in and out, $10k−$1,59915.991% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.219%+$22 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.142%, 7d avg −0.039%

Together, before fees+0.385%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.103% cheaper against OKX than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of −0.039%). If the spread goes back, that is −$10 on $10k: about 3.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EWJ-USDT-SWAP	98.550	0	get 0.0000% / 8h	5h 04m	$300K	$126K	20x
Short	KuCoin EWJUSDTM	98.410	0.0100	get 0.0100% / 8h	5h 04m	$161K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.142%Rate

Funding earned: $21
Price spread: −0.142% → −0.039%: −$10.26
Slippage, 4 orders: −$1,577.14
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,588.4
Costs to cover: 15.991%
Break-even: 536.5 days

Slippage from OKX: live order book, 39 min ago; KuCoin: live order book, 3 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 OKX live order book, 39 min ago	5.07 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.56 bp	613.6 bp −$614	doesn't fit	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	−8.0000%	1h	98.570	+0.020%	$35K	—	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.371	−0.181%	$18K	$4K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.510	−0.041%	$216K	$69K	25x	as long as short
OKX EWJ-USDT-SWAPlong	0.0000%	8h	98.550	long leg	$300K	$126K	20x
Gate EWJ_USDT	0.0000%	8h	98.470	−0.081%	$357K	$218K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	98.500	−0.051%	$690K	$274K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.460	−0.091%	$740K	$198K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	98.509	−0.042%	$117K	$30K	—	as long as short
SunX EWJ-USDT	0.0000%	8h	98.478	−0.073%	$1K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.282	−0.272%	$8K	$38K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EWJUSDT	+0.0001%	8h	98.530	−0.020%	$1.1M	$1.1M	20x	as long as short
BloFin EWJ-USDT	+0.0023%	8h	98.470	−0.081%	$44K	$69K	20x	as long as short
KuCoin EWJUSDTMshort	+0.0100%	8h	98.410	−0.142%	$161K	$1.1M	20x
tradeXYZ xyz:EWJ	+0.0275%	1h	98.476	−0.075%	$1.5M	$673K	20x	as long as short
edgeX EWJUSDC	+0.0413%	4h	98.497	−0.054%	$600K	$233K	20x	as long as short
GRVT EWJ_USDT_Perp	+0.0658%	8h	98.482	−0.069%	$631K	$419K	10x	as long as short