Funding arb · Price arb /

EWJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h +0.012%

Price spread now: Aster against tradeXYZ−0.060%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.060% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:EWJ	97.750	0.0096	pay 0.0012% / 1h	49m 04s	$1.5M	$545K	20x
Short	Aster EWJUSDT	97.691	0	get 0.0000% / 8h	49m 04s	$15K	$962	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$20.1
Price spread: −0.060% → 0.000%: −$6.03
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$52.14
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; Aster: 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 tradeXYZ live order book, 8 min ago	2.86 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
edgeX EWJUSDC	−0.0207%	4h	97.733	−0.017%	$596K	$233K	20x	as long as short
Gate EWJ_USDT	−0.0115%	8h	97.700	−0.051%	$345K	$193K	25x	as long as short
BloFin EWJ-USDT	−0.0013%	8h	97.770	+0.020%	$43K	$68K	20x	as long as short
Aster EWJUSDTshort	0.0000%	8h	97.691	−0.060%	$15K	$962	20x
Binance EWJUSDT	0.0000%	8h	97.746	−0.004%	$1.1M	$866K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.690	−0.061%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.700	−0.051%	$296K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.740	−0.010%	$403K	$104K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.740	−0.010%	$746K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.732	−0.018%	$110K	$22K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWJ_USDT_Perp	0.0000%	8h	97.744	−0.006%	$626K	$405K	10x	as long as short
SunX EWJ-USDT	0.0000%	8h	97.692	−0.059%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.551	−0.204%	$8K	$37K	20x	as long as short
tradeXYZ xyz:EWJlong	+0.0096%	1h	97.750	long leg	$1.5M	$545K	20x
KuCoin EWJUSDTM	+0.0100%	8h	97.660	−0.092%	$151K	$1.0M	20x	as long as short
Hotstuff EWJ-PERP	+0.0216%	1h	97.720	−0.031%	$34K	—	20x	as long as short