Settings8H · net · $10k
Funding arb · Price arb /

EWJ

RWAall EWJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.044%
Price spread now: Bybit against tradeXYZ+0.002%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1051.054% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.146%−$15 on $10k
Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.002%, 7d avg +0.008%
Together, before fees−0.114%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:EWJ97.5880.0136pay 0.0017% / 1h21m 24s$1.4M$546K20x
ShortBybit EWJUSDT97.5900get 0.0000% / 8h7h 21m$191K$24K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
−$28.51
Price spread: +0.002% → +0.008%
−$0.61
Slippage, 4 orders
−$76.39
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$134.51
Costs to cover
1.054%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 6 min ago; Bybit: live order book, 58 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 6 min ago6.15 bp15.7 bp −$1631.6 bp −$316doesn't fitdoesn't fit
Sell Bybit live order book, 58 min ago12.80 bp35.0 bp −$35doesn't fitdoesn't fitdoesn't fit

EWJ on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster EWJUSDT0.0000%8h97.644+0.058%$15K$96220xas long as short
Binance EWJUSDT0.0000%8h97.610+0.023%$1.1M$856K20xas long as short
Bybit EWJUSDTshort0.0000%8h97.590+0.002%$191K$24K25x
OKX EWJ-USDT-SWAP0.0000%8h97.580−0.008%$296K$113K20xas long as short
Gate EWJ_USDT0.0000%8h97.540−0.049%$341K$180K25xas long as short
MEXC EWJ_USDT0.0000%8h97.600+0.012%$402K$105K20xas long as short
Bitget EWJUSDT0.0000%8h97.520−0.070%$737K$142K20xas long as short
Variational Omni EWJ0.0000%8h97.511−0.079%$111K$25Kas long as short
GRVT EWJ_USDT_Perp0.0000%8h97.578−0.010%$625K$410K10xas long as short
SunX EWJ-USDT0.0000%8h97.532−0.057%$1K$1.4M20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EWJ-USDT0.0000%8h97.633+0.046%$9K$38K20xas long as short
BloFin EWJ-USDT+0.0003%8h97.590+0.002%$43K$68K20xas long as short
KuCoin EWJUSDTM+0.0100%8h97.540−0.049%$150K$1.0M20xas long as short
tradeXYZ xyz:EWJlong+0.0136%1h97.588long leg$1.4M$546K20x
Hotstuff EWJ-PERP+0.0200%1h97.600+0.012%$34K20xas long as short
edgeX EWJUSDC+0.0477%4h97.557−0.032%$595K$232K20xas long as short