Funding arb · Price arb /

EWJ

RWAall EWJ markets

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 −0.086%

Price spread now: HTX against Variational Omni−0.250%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on HTX

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: HTX is 0.250% cheaper against Variational Omni than usual: you would sell low and buy high, −$25 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	97.579	0	get 0.0000% / 8h	7h 32m	$109K	$23K	—
Short	HTX EWJ-USDT	97.335	0	get 0.0000% / 8h	7h 32m	$8K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.250%Rate

Funding earned: $0
Price spread: −0.250% → 0.000%: −$25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; HTX: 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, 1 min ago	2.61 bp	doesn't fit	68.0 bp −$680	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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	−0.0617%	4h	97.569	−0.010%	$595K	$233K	20x	as long as short
Hotstuff EWJ-PERP	−0.0080%	1h	97.570	−0.009%	$34K	—	20x	as long as short
BloFin EWJ-USDT	−0.0001%	8h	97.570	−0.009%	$43K	$68K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.596	+0.017%	$15K	$962	20x	as long as short
Binance EWJUSDT	0.0000%	8h	97.544	−0.036%	$1.1M	$861K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	97.520	−0.060%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.530	−0.050%	$295K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.540	−0.040%	$341K	$179K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.550	−0.030%	$402K	$105K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.540	−0.040%	$738K	$143K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWJlong	0.0000%	8h	97.579	long leg	$109K	$23K	—
GRVT EWJ_USDT_Perp	0.0000%	8h	97.585	+0.006%	$626K	$406K	10x	as long as short
SunX EWJ-USDT	0.0000%	8h	97.495	−0.086%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDTshort	0.0000%	8h	97.335	−0.250%	$8K	$38K	20x
KuCoin EWJUSDTM	+0.0100%	8h	97.530	−0.050%	$150K	$1.0M	20x	as long as short
tradeXYZ xyz:EWJ	+0.0130%	1h	97.534	−0.046%	$1.4M	$545K	20x	as long as short