Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0029%/8hnext payment +$0.29 per $10,000 · paid last 24h −0.003%

Price spread now: Variational Omni against BloFin−0.156%56s7-day average −0.013% · you buy dearer than you sell

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.169%+$17 · spread now −0.156%, 7d avg −0.013%

Together, before fees+0.166%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.143% cheaper against BloFin than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of −0.013%). If the spread goes back, that is −$14 on $10k: about 16 days of funding at the current rate (+$1 a day). The two prices were read 56 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	BloFin EWY-USDT	189.50	−0.0029	get 0.0029% / 8h	4h 22m	$48K	$211K	50x
Short	Variational Omni EWY	189.20	0	get 0.0000% / 8h	4h 22m	$1.4M	$869K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.156%Rate

Funding earned: $6.18
Price spread: −0.156% → −0.013%: −$14.34
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.16
Costs to cover: 0.120%
Break-even: 29.8 days

Slippage unknown: BloFin: live order book, 4 min ago; Variational Omni: RFQ quote, 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 BloFin live order book, 4 min ago	1.06 bp	7.1 bp −$7	7.7 bp −$77	13.7 bp −$1,374	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.24 bp	doesn't fit	3.5 bp −$35	doesn't fit	doesn't fit

EWY on 30 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
BloFin EWY-USDTlong	−0.0029%	8h	189.50	long leg	$48K	$211K	50x
Hotstuff EWY-PERP	−0.0024%	1h	189.40	−0.053%	$28K	$12K	20x	as long as short
Aster EWYUSDT	0.0000%	8h	189.44	−0.033%	$294K	$11K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	189.43	−0.036%	$304K	$410K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	189.42	−0.042%	$28.4M	$73.7M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.41	−0.047%	$5.7M	$3.2M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	189.46	−0.021%	$4.0M	$3.9M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	189.41	−0.047%	$3.2M	$2.6M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	189.41	−0.047%	$7.7M	$4.4M	100x	as long as short
Bitget EWYUSDT	0.0000%	8h	189.42	−0.042%	$2.4M	$1.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWYshort	0.0000%	8h	189.20	−0.156%	$1.4M	$869K	—
GRVT EWY_USDT_Perp	0.0000%	8h	189.34	−0.087%	$749K	$422K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.33	−0.090%	—	$2.7M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.52	+0.011%	$36K	$9K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.41	−0.047%	$1.7M	$36K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.29	−0.111%	$376K	$97K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.49	−0.005%	—	$217K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.47	−0.016%	$193K	$138K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.35	−0.079%	$6.2M	$14.0M	20x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.29	−0.111%	$4K	$23	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.41	−0.047%	$777	$3K	10x	as long as short
Paradex EWY-USD-PERP	+0.0050%	8h	189.46	−0.022%	$23	—	5x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.36	−0.074%	$223K	$168K	10x	as long as short
Entropy io:EWY	+0.0092%	1h	189.27	−0.121%	$47K	$26K	25x	as long as short
Coinbase International EWY-PERP-INTX	+0.0096%	1h	189.20	−0.158%	$525K	$327K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.23	−0.142%	$960K	$747K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.26	−0.127%	$13K	$261K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.47	−0.016%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0331%	1h	189.43	−0.037%	$2K	$13K	20x	as long as short
edgeX EWYUSDC	+0.0518%	4h	189.32	−0.093%	$424K	$273K	20x	as long as short