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: SunX against Variational Omni−0.072%7-day average −0.045% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

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)+0.111%+$11 · spread now −0.072%, 7d avg −0.045%

Together, before fees+0.025%+ Points / potential airdropVariational Omni: Active · farm board+$3 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: SunX is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EWJ	98.100	0	get 0.0000% / 8h	6h 19m	$117K	$30K	—
Short	SunX EWJ-USDT	98.029	0	get 0.0000% / 8h	6h 19m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Variational Omni. 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 Variational OmnibpFee SunXbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.045%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$10.72
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; SunX: live order book, 8 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 Variational Omni RFQ quote, 32 min ago	2.61 bp	doesn't fit	60.9 bp −$609	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	500.02 bp	doesn't fit	doesn't fit	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
BloFin EWJ-USDT	−0.0009%	8h	98.210	+0.112%	$44K	$69K	20x	as long as short
Aster EWJUSDT	0.0000%	8h	98.106	+0.007%	$15K	$1K	20x	as long as short
Binance EWJUSDT	0.0000%	8h	98.081	−0.019%	$1.1M	$907K	20x	as long as short
Bybit EWJUSDT	0.0000%	8h	98.140	+0.041%	$213K	$59K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	98.130	+0.031%	$298K	$115K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	98.040	−0.061%	$339K	$186K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	98.100	0.000%	$906K	$189K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	98.140	+0.041%	$737K	$144K	20x	as long as short
Variational Omni EWJlong	0.0000%	8h	98.100	long leg	$117K	$30K	—
GRVT EWJ_USDT_Perp	0.0000%	8h	98.110	+0.011%	$629K	$423K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDTshort	0.0000%	8h	98.029	−0.072%	$1K	$1.4M	20x
HTX EWJ-USDT	0.0000%	8h	97.957	−0.146%	$8K	$38K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0085%	1h	98.097	−0.003%	$1.5M	$562K	20x	as long as short
KuCoin EWJUSDTM	+0.0100%	8h	98.020	−0.081%	$151K	$1.1M	20x	as long as short
edgeX EWJUSDC	+0.0256%	4h	98.156	+0.057%	$598K	$232K	20x	as long as short
Hotstuff EWJ-PERP	+0.0936%	1h	98.120	+0.020%	$34K	—	20x	as long as short