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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0635%/8h= −69.5% APRpaid last 24h −0.125%
Price spread now: Variational Omni against edgeX−0.058%89s7-day average +0.006% · you buy dearer than you sell
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)−0.572%−$57 on $10k
Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.058%, 7d avg +0.006%
Together, before fees−0.517%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Variational Omni is 0.064% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.006%). Swap the legs. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX EWYUSDC190.380.0892pay 0.0446% / 4h1h 27m$427K$284K20x
ShortVariational Omni EWY190.270.0257get 0.0257% / 8h5h 27m$1.2M$1.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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
−$133.33
Price spread: −0.058% → +0.006%
−$6.35
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$148.69
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 36 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 36 min ago5.26 bp10.0 bp −$1015.0 bp −$150doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago2.23 bpdoesn't fit3.8 bp −$38doesn't fitdoesn't fit

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
Deribit EWY_USDC-PERPETUAL−0.0171%1h190.16−0.114%$2K$13K20xas long as short
Bybit EWYUSDT0.0000%8h190.26−0.061%$5.1M$4.3M100xas long as short
Gate EWY_USDT0.0000%8h190.23−0.077%$4.1M$3.7M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.31−0.037%$752K$391K10xas long as short
SunX EWY-USDT0.0000%8h190.27−0.056%$2.5M20xas long as short
Coinbase International EWY-PERP-INTX0.0000%1h190.16−0.114%$530K$312K20xas long as short
HTX EWY-USDT0.0000%8h190.35−0.014%$22K$36K20xas long as short
Phemex EWYUSDT0.0000%8h190.23−0.077%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h190.16−0.114%$385K$39K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.40+0.012%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h190.22−0.082%$198K$145K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.15−0.119%$6.1M$13.9M20xas long as short
Entropy io:EWY+0.0050%1h190.17−0.108%$51K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.05−0.171%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.21−0.087%$749$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.14−0.124%$199K$266K10xas long as short
Paradex EWY-USD-PERP+0.0056%8h190.20−0.090%$235xas long as short
Bitget EWYUSDT+0.0074%8h190.21−0.087%$2.7M$2.0M20xas long as short
KuCoin EWYUSDTM+0.0100%8h190.24−0.072%$980K$628K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.25−0.066%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.25−0.066%$2K$1K20xas long as short
OKX EWY-USDT-SWAP+0.0111%8h190.25−0.066%$4.1M$3.5M50xas long as short
Aster EWYUSDT+0.0205%8h190.29−0.043%$295K$12K20xas long as short
Variational Omni EWYshort+0.0257%8h190.27−0.058%$1.2M$1.1M
Extended EWY_24_5-USD+0.0280%1h190.15−0.118%$302K$665K10xas long as short
Binance EWYUSDT+0.0281%8h190.20−0.091%$28.4M$77.0M50xas long as short
MEXC EWY_USDT+0.0286%8h190.18−0.103%$6.5M$4.2M100xas long as short
BloFin EWY-USDT+0.0292%8h190.28−0.051%$48K$214K50xas long as short
Hotstuff EWY-PERP+0.0352%1h190.14−0.124%$29K$12K20xas long as short
edgeX EWYUSDClong+0.0892%4h190.38long leg$427K$284K20x