Settings8H · net · $10k
Funding arb · Price arb /

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0546%/8h= −59.8% APRpaid last 24h −0.053%
Price spread now: Vest against Variational Omni+0.161%7-day average +0.078% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.032%−$3 on $10k
Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.161%, 7d avg +0.078%
Together, before fees−0.136%+ Points / potential airdropVariational Omni: Active · Vest: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.083% dearer against Variational Omni than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of +0.078%): +$8 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 3 days (−0.032% in total) that is about 8.4 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.032% in total (about -3.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni EWY190.740.0592pay 0.0592% / 8h7h 21m$1.2M$1.1M
ShortVest EWY-USD-PERP191.050.0046get 0.0006% / 1h21m 53s$220K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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

Funding earned
−$114.71
Price spread: +0.161% → +0.078%
$8.28
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Vest: 1 bp × 2 orders
−$2
Net
−$108.43
Costs to cover
0.020%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Vest: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 2 min ago2.23 bpdoesn't fit6.1 bp −$61doesn't fitdoesn't fit
Sell Vest no order-book sample
Vest: 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.

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit EWYUSDT0.0000%8h191.02+0.145%$5.2M$4.3M100xas long as short
Gate EWY_USDT0.0000%8h191.04+0.155%$4.1M$3.4M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.76+0.010%$755K$375K10xas long as short
SunX EWY-USDT0.0000%8h190.77+0.014%$2.6M20xas long as short
HTX EWY-USDT0.0000%8h190.80+0.030%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h191.06+0.166%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h190.82+0.040%$387K$63K20xas long as short
Vest EWY-USD-PERPshort+0.0046%1h191.05+0.161%$220K25x
Popdex EWYUSDT+0.0048%1h190.84+0.051%$196K$143K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.90+0.082%$6.3M$14.7M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Entropy io:EWY+0.0050%1h190.53−0.112%$52K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.77+0.014%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.82+0.040%$456$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.64−0.054%$230K$233K10xas long as short
Paradex EWY-USD-PERP+0.0080%8h190.81+0.036%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h190.79+0.024%$983K$662K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.62−0.065%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h191.06+0.166%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0117%1h191.03+0.150%$2K$13K20xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h190.67−0.039%$532K$340K20xas long as short
OKX EWY-USDT-SWAP+0.0291%8h191.07+0.171%$4.2M$3.5M50xas long as short
Hotstuff EWY-PERP+0.0360%1h190.72−0.012%$29K$12K20xas long as short
Bitget EWYUSDT+0.0386%8h191.09+0.182%$2.8M$1.6M20xas long as short
Aster EWYUSDT+0.0499%8h191.02+0.146%$296K$12K20xas long as short
BloFin EWY-USDT+0.0589%8h190.63−0.060%$47K$214K50xas long as short
Variational Omni EWYlong+0.0592%8h190.74long leg$1.2M$1.1M
Extended EWY_24_5-USD+0.0616%1h190.98+0.122%$304K$708K10xas long as short
Binance EWYUSDT+0.0617%8h191.04+0.156%$28.7M$78.2M50xas long as short
edgeX EWYUSDC+0.0618%4h190.69−0.026%$427K$282K20xas long as short
MEXC EWY_USDT+0.0618%8h191.03+0.150%$7.4M$4.5M100xas long as short