Funding arb · Price arb /

EWZ

RWAall EWZ markets

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 −0.037%

Price spread now: Variational Omni against GRVT−0.046%74s7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · Variational 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 0.046% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT EWZ_USDT_Perp	37.920	0	get 0.0000% / 8h	40m 16s	$3	$127K	10x
Short	Variational Omni EWZ	37.903	0	get 0.0000% / 8h	40m 16s	$49K	$34K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. 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 GRVTbpFee Variational OmnibpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → 0.000%: −$4.59
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.59
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 56 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 GRVT live order book, 56 min ago	5.27 bp	87.7 bp −$88	181.4 bp −$1,814	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	−0.0694%	8h	37.870	−0.132%	$26K	$719K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.907	−0.034%	$9K	$50	20x	as long as short
Binance EWZUSDT	0.0000%	8h	37.920	−0.001%	$295K	$262K	20x	as long as short
Bybit EWZUSDT	0.0000%	8h	37.880	−0.105%	$325K	$16K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	37.940	+0.053%	$124K	$40K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.900	−0.053%	$60K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.910	−0.026%	$721K	$80K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.936	+0.042%	$77K	$25K	20x	as long as short
Variational Omni EWZshort	0.0000%	8h	37.903	−0.046%	$49K	$34K	—
GRVT EWZ_USDT_Perplong	0.0000%	8h	37.920	long leg	$3	$127K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWZ-USDT	0.0000%	8h	37.900	−0.053%	$989	$512K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.850	−0.185%	$5K	$7K	10x	as long as short
tradeXYZ xyz:EWZ	+0.0050%	1h	37.904	−0.042%	$592K	$83K	20x	as long as short