Funding arb · Price arb /

EWZ

RWAall EWZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: GRVT against Variational Omni−0.061%74s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on GRVT

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 · GRVT: 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: GRVT is 0.061% cheaper against Variational Omni than usual: you would sell low and buy high, −$6 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	Variational Omni EWZ	37.954	0	get 0.0000% / 8h	7h 04m	$49K	$34K	—
Short	GRVT EWZ_USDT_Perp	37.931	0	get 0.0000% / 8h	7h 04m	$3	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → 0.000%: −$6.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$15.11
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; GRVT: live order book, 23 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 no order-book sample	—	—	—	—	—
Sell GRVT live order book, 23 min ago	5.28 bp	53.7 bp −$54	115.9 bp −$1,159	doesn't fit	doesn't fit

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	−0.0457%	8h	37.950	−0.010%	$42K	$710K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.932	−0.056%	$9K	$50	20x	as long as short
Binance EWZUSDT	0.0000%	8h	37.954	+0.001%	$294K	$258K	20x	as long as short
Bybit EWZUSDT	0.0000%	8h	37.890	−0.168%	$325K	$15K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	38.000	+0.122%	$124K	$40K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.920	−0.089%	$60K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.950	−0.010%	$722K	$82K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.949	−0.012%	$76K	$24K	20x	as long as short
Variational Omni EWZlong	0.0000%	8h	37.954	long leg	$49K	$34K	—
GRVT EWZ_USDT_Perpshort	0.0000%	8h	37.931	−0.061%	$3	$118K	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	37.940	−0.036%	$2K	$484K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.940	−0.036%	$5K	$7K	10x	as long as short
tradeXYZ xyz:EWZ	+0.0306%	1h	37.935	−0.049%	$592K	$83K	20x	as long as short