Funding arb · Price arb /

EWJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX−0.154%7-day average — · you buy dearer than you sell

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

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.154% cheaper against SunX than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EWJ-USDT	97.571	0	get 0.0000% / 8h	7h 43m	$1K	$1.4M	20x
Short	HTX EWJ-USDT	97.421	0	get 0.0000% / 8h	7h 43m	$8K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.154%Rate

Funding earned: $0
Price spread: −0.154% → 0.000%: −$15.37
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.37
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 11 min ago	500.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff EWJ-PERP	−0.0264%	1h	97.630	+0.060%	$34K	—	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.690	+0.122%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.630	+0.060%	$1.1M	$858K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.610	+0.040%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.670	+0.101%	$296K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.610	+0.040%	$341K	$178K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.620	+0.050%	$403K	$104K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.610	+0.040%	$741K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.623	+0.053%	$109K	$23K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.682	+0.114%	$627K	$405K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDTlong	0.0000%	8h	97.571	long leg	$1K	$1.4M	20x
HTX EWJ-USDTshort	0.0000%	8h	97.421	−0.154%	$8K	$38K	20x
BloFin EWJ-USDT	+0.0015%	8h	97.670	+0.101%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0084%	1h	97.617	+0.047%	$1.4M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.620	+0.050%	$150K	$1.0M	20x	as long as short
edgeX EWJUSDC	+0.0464%	4h	97.677	+0.109%	$595K	$233K	20x	as long as short