Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.025%

Price spread now: edgeX against SunX+0.101%7-day average +0.051% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.101%, 7d avg +0.051%

Together, before fees+0.122%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.050% dearer against SunX than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.051%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.203%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EWJ-USDT	98.253	0	get 0.0000% / 8h	4h 08m	$2K	$1.5M	20x
Short	edgeX EWJUSDC	98.352	−0.0067	pay 0.0034% / 4h	8m 45s	$600K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$14.08
Price spread: +0.101% → +0.051%: $4.99
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$26.09
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; edgeX: live order book, 33 min ago. Net counts fees only.

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 SunX live order book, 10 min ago	509.12 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 33 min ago	7.12 bp	12.5 bp −$12	21.9 bp −$219	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 EWJUSDCshort	−0.0067%	4h	98.352	+0.101%	$600K	$232K	20x
BloFin EWJ-USDT	0.0000%	8h	98.380	+0.129%	$44K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.251	−0.002%	$18K	$4K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.360	+0.109%	$187K	$104K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.390	+0.139%	$299K	$125K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.300	+0.048%	$350K	$221K	25x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.340	+0.089%	$739K	$206K	20x	as long as short
SunX EWJ-USDTlong	0.0000%	8h	98.253	long leg	$2K	$1.5M	20x
HTX EWJ-USDT	0.0000%	8h	98.211	−0.043%	$8K	$38K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0050%	1h	98.334	+0.082%	$1.5M	$651K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWJ	+0.0065%	8h	98.297	+0.045%	$117K	$30K	—	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.340	+0.089%	$160K	$1.2M	20x	as long as short
Hotstuff EWJ-PERP	+0.0120%	1h	98.370	+0.119%	$35K	—	20x	as long as short
MEXC EWJ_USDT	+0.0128%	8h	98.280	+0.027%	$686K	$274K	20x	as long as short
Binance EWJUSDT	+0.0129%	8h	98.290	+0.038%	$1.1M	$1.1M	20x	as long as short
GRVT EWJ_USDT_Perp	+0.0616%	8h	98.328	+0.076%	$630K	$419K	10x	as long as short