Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h −0.043%

Price spread now: BloFin against tradeXYZ−0.085%88s7-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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

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

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.085% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:EWJ	97.733	0.0050	pay 0.0006% / 1h	37m 45s	$1.5M	$549K	20x
Short	BloFin EWJ-USDT	97.650	0.0015	get 0.0015% / 8h	1h 37m	$43K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$7.42
Price spread: −0.085% → 0.000%: −$8.49
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.91
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 10 min ago; BloFin: 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, 10 min ago	2.20 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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
Aster EWJUSDT	0.0000%	8h	97.693	−0.041%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.710	−0.024%	$1.1M	$862K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.680	−0.054%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.670	−0.064%	$296K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.690	−0.044%	$345K	$199K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.730	−0.003%	$341K	$96K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.800	+0.069%	$747K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.678	−0.056%	$110K	$22K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.696	−0.038%	$626K	$405K	10x	as long as short
SunX EWJ-USDT	0.0000%	8h	97.637	−0.098%	$1K	$1.4M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EWJ-USDT	0.0000%	8h	97.541	−0.196%	$8K	$37K	20x	as long as short
BloFin EWJ-USDTshort	+0.0015%	8h	97.650	−0.085%	$43K	$68K	20x
tradeXYZ xyz:EWJlong	+0.0050%	1h	97.733	long leg	$1.5M	$549K	20x
KuCoin EWJUSDTM	+0.0100%	8h	97.610	−0.126%	$150K	$996K	20x	as long as short
Hotstuff EWJ-PERP	+0.0192%	1h	97.720	−0.013%	$34K	—	20x	as long as short
edgeX EWJUSDC	+0.0299%	4h	97.702	−0.032%	$596K	$232K	20x	as long as short