Funding arb · Price arb /

EWJ

RWAall EWJ markets

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 +0.097%

Price spread now: MEXC against SunX+0.100%7-day average +0.043% · you sell dearer than you buy

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

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.100%, 7d avg +0.043%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.057% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EWJ-USDT	98.072	0	get 0.0000% / 8h	6h 17m	$1K	$1.4M	20x
Short	MEXC EWJ_USDT	98.170	0	get 0.0000% / 8h	6h 17m	$906K	$189K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.043%: $5.7
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$2.3
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; MEXC: live order book, 29 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	500.02 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 29 min ago	5.09 bp	12.6 bp −$13	29.0 bp −$290	59.5 bp −$5,946	157.1 bp −$78.6K

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	−0.0411%	4h	98.099	+0.028%	$598K	$233K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.128	+0.057%	$15K	$1K	20x	as long as short
Binance EWJUSDT	0.0000%	8h	98.144	+0.073%	$1.1M	$907K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.140	+0.069%	$213K	$59K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.130	+0.059%	$298K	$115K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.100	+0.029%	$339K	$186K	25x	as long as short
MEXC EWJ_USDTshort	0.0000%	8h	98.170	+0.100%	$906K	$189K	20x
Bitget EWJUSDT	0.0000%	8h	98.190	+0.120%	$738K	$144K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	98.100	+0.028%	$117K	$30K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	98.110	+0.039%	$629K	$423K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDTlong	0.0000%	8h	98.072	long leg	$1K	$1.4M	20x
HTX EWJ-USDT	0.0000%	8h	97.957	−0.117%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0029%	8h	98.180	+0.110%	$44K	$69K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0077%	1h	98.175	+0.105%	$1.5M	$562K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.060	−0.012%	$151K	$1.1M	20x	as long as short
Hotstuff EWJ-PERP	+0.0712%	1h	98.120	+0.049%	$34K	—	20x	as long as short