Funding you earn now, next payment 10:00 UTC+0.0061%/8h= +6.6% APRpaid last 24h +0.045%
Price spread now: tradeXYZ against OKX−0.003%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$860.864% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.003%, 7d avg −0.020%
=Together, before fees+0.135%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX EWJ-USDT-SWAP | 98.230 | 0 | get 0.0000% / 8h | 6h 09m | $299K | $127K | 20x |
| Short | tradeXYZ xyz:EWJ | 98.227 | 0.0061 | get 0.0008% / 1h | 9m 49s | $1.5M | $657K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12.71
- Price spread: −0.003% → −0.020%
- $1.65
- Slippage, 4 orders
- −$58.36
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$72
- Costs to cover
- 0.864%
- Break-even
- 46.7 days
Slippage from OKX: live order book, 38 min ago; tradeXYZ: live order book, 1 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, 38 min ago | 4.58 bp | 25.2 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 1 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX EWJUSDC | −0.0634% | 4h | 98.170 | −0.061% | $598K | $234K | 20x | as long as short |
| BloFin EWJ-USDT | −0.0026% | 8h | 98.250 | +0.020% | $44K | $69K | 20x | as long as short |
| Aster EWJUSDT | 0.0000% | 8h | 98.180 | −0.051% | $15K | $1K | 20x | as long as short |
| Binance EWJUSDT | 0.0000% | 8h | 98.220 | −0.010% | $1.0M | $1.1M | 20x | as long as short |
| Bybit EWJUSDT | 0.0000% | 8h | 98.270 | +0.041% | $219K | $65K | 25x | as long as short |
| OKX EWJ-USDT-SWAPlong | 0.0000% | 8h | 98.230 | long leg | $299K | $127K | 20x | |
| Gate EWJ_USDT | 0.0000% | 8h | 98.170 | −0.061% | $345K | $199K | 25x | as long as short |
| MEXC EWJ_USDT | 0.0000% | 8h | 98.230 | 0.000% | $894K | $197K | 20x | as long as short |
| Bitget EWJUSDT | 0.0000% | 8h | 98.190 | −0.041% | $742K | $191K | 20x | as long as short |
| Variational Omni EWJ | 0.0000% | 8h | 98.203 | −0.028% | $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 | 98.252 | +0.022% | $630K | $420K | 10x | as long as short |
| SunX EWJ-USDT | 0.0000% | 8h | 98.169 | −0.062% | $2K | $1.5M | 20x | as long as short |
| HTX EWJ-USDT | 0.0000% | 8h | 98.087 | −0.146% | $8K | $38K | 20x | as long as short |
| tradeXYZ xyz:EWJshort | +0.0061% | 1h | 98.227 | −0.003% | $1.5M | $657K | 20x | |
| KuCoin EWJUSDTM | +0.0100% | 8h | 98.070 | −0.163% | $151K | $1.1M | 20x | as long as short |
| Hotstuff EWJ-PERP | +0.0680% | 1h | 98.230 | 0.000% | $34K | — | 20x | as long as short |
OKX EWJ-USDT-SWAP
tradeXYZ xyz:EWJ
edgeX EWJUSDC
BloFin EWJ-USDT
Aster EWJUSDT
Binance EWJUSDT
Bybit EWJUSDT
Gate EWJ_USDT
MEXC EWJ_USDT
Bitget EWJUSDT
Variational Omni EWJ
GRVT EWJ_USDT_Perp
SunX EWJ-USDT
HTX EWJ-USDT
KuCoin EWJUSDTM