Funding arb · Price arb /

EWJ

RWAall EWJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.086%

Price spread now: Variational Omni against Gate−0.049%7-day average +0.042% · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.049%, 7d avg +0.042%

Together, before fees+0.212%+ Points / potential airdropVariational Omni: Active · farm board+$21 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: Variational Omni is 0.091% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EWJ_USDT	97.850	0	get 0.0000% / 8h	1h 58m	$347K	$191K	25x
Short	Variational Omni EWJ	97.802	0	get 0.0000% / 8h	1h 58m	$110K	$22K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → +0.042%: −$9.09
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$24.09
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 46 min ago; Variational Omni: RFQ quote, 50 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 Gate live order book, 46 min ago	7.67 bp	23.6 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 50 min ago	2.62 bp	doesn't fit	61.9 bp −$619	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
edgeX EWJUSDC	−0.0281%	4h	97.960	+0.112%	$597K	$233K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.878	+0.028%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.907	+0.058%	$1.1M	$847K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.840	−0.010%	$192K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.780	−0.072%	$297K	$113K	20x	as long as short
Gate EWJ_USDTlong	0.0000%	8h	97.850	long leg	$347K	$191K	25x
MEXC EWJ_USDT	0.0000%	8h	97.900	+0.051%	$272K	$87K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.840	−0.010%	$748K	$144K	20x	as long as short
Variational Omni EWJshort	0.0000%	8h	97.802	−0.049%	$110K	$22K	—
GRVT EWJ_USDT_Perp	0.0000%	8h	97.756	−0.096%	$627K	$397K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDT	0.0000%	8h	97.782	−0.069%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.720	−0.133%	$8K	$37K	20x	as long as short
BloFin EWJ-USDT	+0.0023%	8h	97.800	−0.051%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0083%	1h	97.917	+0.068%	$1.5M	$549K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.870	+0.020%	$151K	$980K	20x	as long as short
Hotstuff EWJ-PERP	+0.0304%	1h	97.880	+0.031%	$34K	—	20x	as long as short