EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0456%/8h= −50.0% APRnext payment −$4.56 per $10,000 · paid last 24h −0.050%

Price spread now: Bybit against Variational Omni+0.160%7-day average +0.017% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.160%, 7d avg +0.017%

Together, before fees−0.175%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.143% dearer against Variational Omni than usual: you sell high and buy low (spread +0.160% now, against its 7-day average of +0.017%): +$14 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 25 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EWY	189.72	0.0456	pay 0.0456% / 8h	6h 26m	$1.2M	$1.1M	—
Short	Bybit EWYUSDT	190.02	0	get 0.0000% / 8h	6h 26m	$5.1M	$4.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$95.8
Price spread: +0.160% → +0.017%: $14.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$92.49
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 1 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, 3 min ago	2.24 bp	doesn't fit	5.1 bp −$51	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.26 bp	8.2 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit

EWY on 29 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
Bybit EWYUSDTshort	0.0000%	8h	190.02	+0.160%	$5.1M	$4.4M	100x
Gate EWY_USDT	0.0000%	8h	189.95	+0.124%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.84	+0.064%	$751K	$385K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.97	+0.134%	—	$2.6M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	189.93	+0.113%	$2K	$13K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.80	+0.044%	$22K	$36K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.91	+0.102%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.83	+0.060%	$385K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.11	+0.208%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.98	+0.139%	$197K	$146K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0048%	1h	189.56	−0.082%	$529K	$333K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.93	+0.113%	$6.2M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.84	+0.066%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.80	+0.044%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.90	+0.097%	$667	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.89	+0.092%	$198K	$267K	10x	as long as short
edgeX EWYUSDC	+0.0051%	4h	189.87	+0.080%	$425K	$281K	20x	as long as short
Paradex EWY-USD-PERP	+0.0058%	8h	189.95	+0.124%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.83	+0.060%	$978K	$633K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.86	+0.076%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.93	+0.113%	$2K	$1K	20x	as long as short
Hotstuff EWY-PERP	+0.0160%	1h	189.93	+0.113%	$28K	$12K	20x	as long as short
Bitget EWYUSDT	+0.0172%	8h	189.95	+0.124%	$2.8M	$1.9M	20x	as long as short
OKX EWY-USDT-SWAP	+0.0194%	8h	190.00	+0.150%	$4.1M	$3.5M	50x	as long as short
Aster EWYUSDT	+0.0365%	8h	189.99	+0.146%	$295K	$12K	20x	as long as short
Variational Omni EWYlong	+0.0456%	8h	189.72	long leg	$1.2M	$1.1M	—
Binance EWYUSDT	+0.0460%	8h	189.98	+0.139%	$28.4M	$77.5M	50x	as long as short
MEXC EWY_USDT	+0.0461%	8h	189.94	+0.118%	$7.0M	$4.2M	100x	as long as short
Extended EWY_24_5-USD	+0.0464%	1h	189.89	+0.092%	$302K	$670K	10x	as long as short