EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.086%

Price spread now: Variational Omni against Bybit−0.074%7-day average +0.026% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.074%, 7d avg +0.026%

Together, before fees+0.158%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.100% cheaper against Bybit than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.026%). If the spread goes back, that is −$10 on $10k: about 5.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EWJUSDT	98.370	0	get 0.0000% / 8h	4h 10m	$187K	$104K	25x
Short	Variational Omni EWJ	98.297	0.0065	get 0.0065% / 8h	4h 10m	$117K	$30K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.074%Rate

Funding earned: $13.63
Price spread: −0.074% → +0.026%: −$10
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.37
Costs to cover: 0.110%
Break-even: 10.8 days

Slippage unknown: Bybit: live order book, 13 min ago; Variational Omni: RFQ quote, 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 Bybit live order book, 13 min ago	9.15 bp	29.5 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 32 min ago	5.08 bp	doesn't fit	71.4 bp −$714	doesn't fit	doesn't fit

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	−0.0067%	4h	98.352	−0.018%	$600K	$232K	20x	as long as short
BloFin EWJ-USDT	−0.0010%	8h	98.330	−0.041%	$44K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.239	−0.133%	$18K	$4K	20x	as long as short
Bybit EWJUSDTlong	0.0000%	8h	98.370	long leg	$187K	$104K	25x
OKX EWJ-USDT-SWAP	0.0000%	8h	98.390	+0.020%	$299K	$125K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.320	−0.051%	$350K	$221K	25x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.340	−0.030%	$739K	$206K	20x	as long as short
SunX EWJ-USDT	0.0000%	8h	98.253	−0.119%	$2K	$1.5M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	98.173	−0.200%	$8K	$38K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0050%	1h	98.332	−0.039%	$1.5M	$651K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWJshort	+0.0065%	8h	98.297	−0.074%	$117K	$30K	—
KuCoin EWJUSDTM	+0.0100%	8h	98.330	−0.041%	$160K	$1.2M	20x	as long as short
Hotstuff EWJ-PERP	+0.0120%	1h	98.390	+0.020%	$35K	—	20x	as long as short
MEXC EWJ_USDT	+0.0128%	8h	98.310	−0.061%	$686K	$274K	20x	as long as short
Binance EWJUSDT	+0.0128%	8h	98.330	−0.041%	$1.1M	$1.1M	20x	as long as short
GRVT EWJ_USDT_Perp	+0.0626%	8h	98.369	−0.001%	$631K	$418K	10x	as long as short