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 0.000%

Price spread now: OKX against SunX+0.004%7-day average +0.033% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.004%, 7d avg +0.033%

Together, before fees−0.155%−$15 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: OKX is 0.028% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EWJ-USDT	98.146	0	get 0.0000% / 8h	6h 57m	$1K	$1.4M	20x
Short	OKX EWJ-USDT-SWAP	98.150	0	get 0.0000% / 8h	6h 57m	$297K	$114K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → +0.033%: −$2.84
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.84
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; OKX: live order book, 32 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, 7 min ago	500.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 32 min ago	1.03 bp	26.6 bp −$27	doesn't fit	doesn't fit	doesn't fit

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
Aster EWJUSDT	0.0000%	8h	98.120	−0.027%	$15K	$1K	20x	as long as short
Binance EWJUSDT	0.0000%	8h	98.190	+0.045%	$1.1M	$899K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.150	+0.004%	$213K	$59K	25x	as long as short
OKX EWJ-USDT-SWAPshort	0.0000%	8h	98.150	+0.004%	$297K	$114K	20x
Gate EWJ_USDT	0.0000%	8h	98.150	+0.004%	$346K	$179K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	98.190	+0.045%	$907K	$187K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.160	+0.014%	$740K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	98.262	+0.118%	$117K	$30K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	98.255	+0.111%	$630K	$425K	10x	as long as short
SunX EWJ-USDTlong	0.0000%	8h	98.146	long leg	$1K	$1.4M	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EWJ-USDT	0.0000%	8h	98.080	−0.067%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0029%	8h	98.230	+0.086%	$43K	$68K	20x	as long as short
Hotstuff EWJ-PERP	+0.0048%	1h	98.210	+0.065%	$34K	—	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.150	+0.004%	$151K	$1.0M	20x	as long as short
tradeXYZ xyz:EWJ	+0.0221%	1h	98.196	+0.051%	$1.5M	$562K	20x	as long as short
edgeX EWJUSDC	+0.0817%	4h	98.263	+0.119%	$599K	$234K	20x	as long as short