Funding arb · Price arb /

EWJ

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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 HTX+0.153%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.153% dearer against HTX than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EWJ-USDT	97.533	0	get 0.0000% / 8h	23m 33s	$8K	$38K	20x
Short	Variational Omni EWJ	97.682	0	get 0.0000% / 8h	23m 33s	$110K	$22K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now +0.153%Rate

Funding earned: $0
Price spread: +0.153% → 0.000%: $15.27
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.27
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Variational Omni: RFQ quote, 15 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 HTX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 15 min ago	3.44 bp	doesn't fit	73.6 bp −$736	doesn't fit	doesn't fit

HTX: 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	−0.0660%	4h	97.668	+0.138%	$595K	$232K	20x	as long as short
Gate EWJ_USDT	−0.0146%	8h	97.650	+0.120%	$345K	$194K	25x	as long as short
Aster EWJUSDT	0.0000%	8h	97.685	+0.156%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.700	+0.171%	$1.1M	$866K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.710	+0.181%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.690	+0.161%	$296K	$113K	20x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.700	+0.171%	$403K	$105K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.720	+0.192%	$746K	$142K	20x	as long as short
Variational Omni EWJshort	0.0000%	8h	97.682	+0.153%	$110K	$22K	—
GRVT EWJ_USDT_Perp	0.0000%	8h	97.684	+0.155%	$626K	$403K	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	97.656	+0.126%	$2K	$1.4M	20x	as long as short
HTX EWJ-USDTlong	0.0000%	8h	97.533	long leg	$8K	$38K	20x
BloFin EWJ-USDT	+0.0021%	8h	97.700	+0.171%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0068%	1h	97.724	+0.196%	$1.5M	$545K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.610	+0.079%	$150K	$1.0M	20x	as long as short
Hotstuff EWJ-PERP	+0.0520%	1h	97.710	+0.181%	$34K	—	20x	as long as short