Funding arb · Price arb /

EWZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.079%

Price spread now: Variational Omni against Bybit+0.167%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.167% dearer against Bybit than usual: you sell high and buy low, +$17 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	Bybit EWZUSDT	37.850	0	get 0.0000% / 8h	1h 31m	$326K	$16K	25x
Short	Variational Omni EWZ	37.913	0	get 0.0000% / 8h	1h 31m	$49K	$34K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.167%Rate

Funding earned: $0
Price spread: +0.167% → 0.000%: $16.74
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.74
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: 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 Bybit live order book, 3 min ago	15.84 bp	123.1 bp −$123	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

EWZ on 13 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
KuCoin EWZUSDTM	−0.0700%	8h	37.870	+0.053%	$26K	$722K	20x	as long as short
tradeXYZ xyz:EWZ	−0.0401%	1h	37.904	+0.143%	$592K	$83K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.924	+0.197%	$9K	$50	20x	as long as short
Binance EWZUSDT	0.0000%	8h	37.902	+0.137%	$295K	$262K	20x	as long as short
Bybit EWZUSDTlong	0.0000%	8h	37.850	long leg	$326K	$16K	25x
OKX EWZ-USDT-SWAP	0.0000%	8h	37.920	+0.185%	$124K	$40K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.880	+0.079%	$60K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.900	+0.132%	$721K	$81K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.911	+0.161%	$77K	$24K	20x	as long as short
Variational Omni EWZshort	0.0000%	8h	37.913	+0.167%	$49K	$34K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWZ_USDT_Perp	0.0000%	8h	37.923	+0.192%	$3	$133K	10x	as long as short
SunX EWZ-USDT	0.0000%	8h	37.910	+0.159%	$1K	$511K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.890	+0.106%	$5K	$7K	10x	as long as short