Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.052%

Price spread now: Variational Omni against Polymarket Perps+0.069%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps 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

The price spread pays, funding is against you. Variational Omni is 0.069% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps EWY-USD	189.87	0.0050	pay 0.0006% / 1h	50m 54s	$4K	$126	20x
Short	Variational Omni EWY	190.00	0.0006	get 0.0006% / 8h	3h 50m	$1.2M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. 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 Polymarket PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.069%Rate

Funding earned: −$9.21
Price spread: +0.069% → 0.000%: $6.94
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.27
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Variational Omni: RFQ quote, 3 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	2.23 bp	doesn't fit	5.5 bp −$55	doesn't fit	doesn't fit

Polymarket Perps: 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.

EWY on 30 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 EWY-PERP	−0.0096%	1h	189.91	+0.021%	$28K	$12K	20x	as long as short
Aster EWYUSDT	0.0000%	8h	190.03	+0.085%	$295K	$12K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.96	+0.047%	$5.1M	$4.2M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	189.88	+0.005%	$4.1M	$3.3M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	189.91	+0.021%	$4.2M	$3.8M	50x	as long as short
Bitget EWYUSDT	0.0000%	8h	189.96	+0.047%	$2.7M	$2.0M	20x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.04	+0.091%	$752K	$396K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.90	+0.016%	—	$2.5M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.08	+0.111%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.00	+0.068%	$1.7M	$37K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWYshort	+0.0006%	8h	190.00	+0.069%	$1.2M	$1.1M	—
Lighter EWY	+0.0032%	1h	189.81	−0.032%	$384K	$39K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.05	+0.095%	—	$220K	25x	as long as short
Extended EWY_24_5-USD	+0.0048%	1h	189.88	+0.007%	$301K	$669K	10x	as long as short
Popdex EWYUSDT	+0.0048%	1h	190.06	+0.100%	$198K	$146K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	189.83	−0.021%	$530K	$293K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.90	+0.016%	$6.1M	$14.3M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.93	+0.032%	$30K	$65K	25x	as long as short
Polymarket Perps EWY-USDlong	+0.0050%	1h	189.87	long leg	$4K	$126	20x
SoDEX EWY-USD	+0.0050%	1h	189.99	+0.063%	$747	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.87	0.000%	$198K	$267K	10x	as long as short
Binance EWYUSDT	+0.0052%	8h	189.92	+0.026%	$27.7M	$76.4M	50x	as long as short
BloFin EWY-USDT	+0.0052%	8h	190.02	+0.079%	$48K	$213K	50x	as long as short
MEXC EWY_USDT	+0.0052%	8h	189.94	+0.037%	$6.2M	$3.8M	100x	as long as short
Paradex EWY-USD-PERP	+0.0054%	8h	190.05	+0.093%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.91	+0.021%	$977K	$613K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.06	+0.100%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.03	+0.084%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0307%	4h	190.03	+0.083%	$426K	$284K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0435%	1h	189.96	+0.047%	$2K	$13K	20x	as long as short