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

EWJ

RWAall EWJ markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EWJ-USDT-SWAP98.2300get 0.0000% / 8h6h 09m$299K$127K20x
ShorttradeXYZ xyz:EWJ98.2270.0061get 0.0008% / 1h9m 49s$1.5M$657K20x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 38 min ago4.58 bp25.2 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 1 min ago0.25 bp10.7 bp −$1120.7 bp −$207doesn't fitdoesn't fit

EWJ on 16 exchanges

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−0.0634%4h98.170−0.061%$598K$234K20xas long as short
BloFin EWJ-USDT−0.0026%8h98.250+0.020%$44K$69K20xas long as short
Aster EWJUSDT0.0000%8h98.180−0.051%$15K$1K20xas long as short
Binance EWJUSDT0.0000%8h98.220−0.010%$1.0M$1.1M20xas long as short
Bybit EWJUSDT0.0000%8h98.270+0.041%$219K$65K25xas long as short
OKX EWJ-USDT-SWAPlong0.0000%8h98.230long leg$299K$127K20x
Gate EWJ_USDT0.0000%8h98.170−0.061%$345K$199K25xas long as short
MEXC EWJ_USDT0.0000%8h98.2300.000%$894K$197K20xas long as short
Bitget EWJUSDT0.0000%8h98.190−0.041%$742K$191K20xas long as short
Variational Omni EWJ0.0000%8h98.203−0.028%$117K$30Kas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT EWJ_USDT_Perp0.0000%8h98.252+0.022%$630K$420K10xas long as short
SunX EWJ-USDT0.0000%8h98.169−0.062%$2K$1.5M20xas long as short
HTX EWJ-USDT0.0000%8h98.087−0.146%$8K$38K20xas long as short
tradeXYZ xyz:EWJshort+0.0061%1h98.227−0.003%$1.5M$657K20x
KuCoin EWJUSDTM+0.0100%8h98.070−0.163%$151K$1.1M20xas long as short
Hotstuff EWJ-PERP+0.0680%1h98.2300.000%$34K20xas long as short