Settings8H · net · $10k
Funding arb · Price arb /

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.058%
Price spread now: Variational Omni against Lighter+0.125%7-day average +0.061% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.047%+$5 on $10k
Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.125%, 7d avg +0.061%
Together, before fees+0.018%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.064% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.061%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter EWY190.220.0032pay 0.0004% / 1h12m 44s$386K$39K20x
ShortVariational Omni EWY190.460.0213get 0.0213% / 8h5h 12m$1.2M$1.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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

Funding earned
$38.01
Price spread: +0.125% → +0.061%
$6.43
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$44.45
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Lighter: live order book, 42 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 42 min ago1.84 bp4.0 bp −$416.4 bp −$16450.2 bp −$5,025doesn't fit
Sell Variational Omni RFQ quote, 1 min ago2.23 bpdoesn't fit4.1 bp −$41doesn't fitdoesn't fit

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EWY-PERP−0.0248%1h190.41+0.100%$29K$12K20xas long as short
Bybit EWYUSDT0.0000%8h190.47+0.131%$5.1M$4.3M100xas long as short
Gate EWY_USDT0.0000%8h190.43+0.110%$4.1M$3.7M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.53+0.164%$753K$392K10xas long as short
SunX EWY-USDT0.0000%8h190.36+0.074%$2.5M20xas long as short
Coinbase International EWY-PERP-INTX0.0000%1h190.49+0.142%$531K$315K20xas long as short
HTX EWY-USDT0.0000%8h190.54+0.168%$22K$36K20xas long as short
Phemex EWYUSDT0.0000%8h190.45+0.121%$1.7M$38K10xas long as short
Lighter EWYlong+0.0032%1h190.22long leg$386K$39K20x
Vest EWY-USD-PERP+0.0046%1h190.59+0.195%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h190.51+0.152%$198K$146K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.33+0.058%$6.1M$13.9M20xas long as short
Entropy io:EWY+0.0050%1h190.27+0.026%$51K$56K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.33+0.058%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.46+0.126%$750$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.33+0.058%$201K$268K10xas long as short
Paradex EWY-USD-PERP+0.0056%8h190.39+0.090%$235xas long as short
Bitget EWYUSDT+0.0074%8h190.43+0.110%$2.7M$2.0M20xas long as short
KuCoin EWYUSDTM+0.0100%8h190.37+0.079%$981K$629K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.55+0.173%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.47+0.131%$2K$1K20xas long as short
OKX EWY-USDT-SWAP+0.0103%8h190.44+0.116%$4.1M$3.5M50xas long as short
Aster EWYUSDT+0.0169%8h190.43+0.112%$295K$12K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0170%1h190.43+0.110%$2K$13K20xas long as short
Variational Omni EWYshort+0.0213%8h190.46+0.125%$1.2M$1.1M
Extended EWY_24_5-USD+0.0240%1h190.34+0.065%$302K$665K10xas long as short
BloFin EWY-USDT+0.0241%8h190.54+0.168%$48K$214K50xas long as short
Binance EWYUSDT+0.0243%8h190.39+0.091%$28.4M$76.8M50xas long as short
MEXC EWY_USDT+0.0243%8h190.41+0.100%$6.5M$4.2M100xas long as short
edgeX EWYUSDC+0.0574%4h190.45+0.123%$427K$284K20xas long as short