Funding arb · Price arb /

EWJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.030%

Price spread now: Aster against Variational Omni+0.101%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.101% dearer against Variational Omni than usual: you sell high and buy low, +$10 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	Variational Omni EWJ	97.584	0	get 0.0000% / 8h	7h 39m	$109K	$23K	—
Short	Aster EWJUSDT	97.682	0	get 0.0000% / 8h	7h 39m	$15K	$962	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → 0.000%: $10.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $2.08
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Aster: 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 Variational Omni RFQ quote, 60 min ago	3.44 bp	doesn't fit	79.0 bp −$790	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Hotstuff EWJ-PERP	−0.0208%	1h	97.580	−0.004%	$34K	—	20x	as long as short
Aster EWJUSDTshort	0.0000%	8h	97.682	+0.101%	$15K	$962	20x
Binance EWJUSDT	0.0000%	8h	97.610	+0.027%	$1.1M	$860K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.600	+0.017%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.670	+0.088%	$296K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.590	+0.006%	$341K	$179K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.600	+0.017%	$403K	$104K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.610	+0.027%	$739K	$143K	20x	as long as short
Variational Omni EWJlong	0.0000%	8h	97.584	long leg	$109K	$23K	—
GRVT EWJ_USDT_Perp	0.0000%	8h	97.630	+0.047%	$626K	$406K	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	97.541	−0.044%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.475	−0.112%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0002%	8h	97.630	+0.047%	$43K	$68K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	97.590	+0.006%	$150K	$1.0M	20x	as long as short
tradeXYZ xyz:EWJ	+0.0101%	1h	97.610	+0.027%	$1.4M	$545K	20x	as long as short
edgeX EWJUSDC	+0.0181%	4h	97.587	+0.004%	$595K	$232K	20x	as long as short