Funding arb · Price arb /

EWZ

RWAall EWZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0430%/8h= −47.1% APRpaid last 24h −0.038%

Price spread now: tradeXYZ against Variational Omni+0.059%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 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 · tradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. tradeXYZ is 0.059% dearer against Variational Omni than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EWZ	38.023	0	get 0.0000% / 8h	5h 00m	$49K	$6K	—
Short	tradeXYZ xyz:EWZ	38.045	−0.0430	pay 0.0054% / 1h	0m 34s	$593K	$84K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$90.35
Price spread: +0.059% → 0.000%: $5.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$102.46
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; tradeXYZ: live order book, 36 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 tradeXYZ live order book, 36 min ago	6.17 bp	34.9 bp −$35	doesn't fit	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
tradeXYZ xyz:EWZshort	−0.0430%	1h	38.045	+0.059%	$593K	$84K	20x
Aster EWZUSDT	0.0000%	8h	38.013	−0.026%	$9K	$50	20x	as long as short
Bybit EWZUSDT	0.0000%	8h	38.020	−0.007%	$331K	$18K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	38.000	−0.059%	$124K	$40K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.980	−0.112%	$61K	$7K	20x	as long as short
Bitget EWZUSDT	0.0000%	8h	38.042	+0.051%	$81K	$16K	20x	as long as short
Variational Omni EWZlong	0.0000%	8h	38.023	long leg	$49K	$6K	—
SunX EWZ-USDT	0.0000%	8h	38.030	+0.019%	$1K	$506K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.900	−0.322%	$5K	$6K	10x	as long as short
Binance EWZUSDT	+0.0012%	8h	38.026	+0.009%	$295K	$237K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EWZ_USDT	+0.0013%	8h	38.020	−0.007%	$723K	$85K	50x	as long as short
KuCoin EWZUSDTM	+0.0100%	8h	38.000	−0.059%	$20K	$740K	20x	as long as short
GRVT EWZ_USDT_Perp	+0.0214%	8h	38.040	+0.046%	$35	$151K	10x	as long as short