Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0503%/8h= +55.0% APRpaid last 24h +0.128%

Price spread now: edgeX against Variational Omni−0.058%7-day average −0.005% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.615%+$62 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.058%, 7d avg −0.005%

Together, before fees+0.678%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.053% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.005%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EWY	189.24	0	get 0.0000% / 8h	2h 47m	$1.2M	$1.1M	—
Short	edgeX EWYUSDC	189.13	0.0503	get 0.0251% / 4h	2h 47m	$424K	$285K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $105.57
Price spread: −0.058% → −0.005%: −$5.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $91.28
Costs to cover: 0.090%
Break-even: 0.9 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; edgeX: live order book, 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 Variational Omni RFQ quote, 2 min ago	2.22 bp	doesn't fit	4.5 bp −$45	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	5.29 bp	10.2 bp −$10	13.8 bp −$138	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
Aster EWYUSDT	0.0000%	8h	188.88	−0.192%	$293K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	188.86	−0.203%	$299K	$425K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	188.87	−0.197%	$27.5M	$78.1M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	188.91	−0.175%	$5.1M	$4.4M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	188.81	−0.228%	$4.2M	$4.1M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	188.90	−0.181%	$4.1M	$4.0M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	188.89	−0.186%	$6.2M	$3.8M	100x	as long as short
Bitget EWYUSDT	0.0000%	8h	188.90	−0.181%	$2.7M	$2.3M	20x	as long as short
Variational Omni EWYlong	0.0000%	8h	189.24	long leg	$1.2M	$1.1M	—
GRVT EWY_USDT_Perp	0.0000%	8h	189.24	+0.002%	$749K	$410K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWY-USDT	0.0000%	8h	188.98	−0.138%	—	$2.5M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	188.94	−0.160%	$2K	$14K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.14	−0.054%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.01	−0.123%	$1.7M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0020%	8h	189.12	−0.064%	$48K	$215K	50x	as long as short
Lighter EWY	+0.0032%	1h	188.79	−0.239%	$383K	$40K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0040%	1h	188.40	−0.445%	$524K	$287K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.87	−0.197%	—	$220K	25x	as long as short
Hotstuff EWY-PERP	+0.0048%	1h	188.80	−0.234%	$28K	$12K	20x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.92	−0.170%	$197K	$148K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.76	−0.255%	$6.2M	$14.3M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	188.90	−0.181%	$65K	$81K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	188.69	−0.292%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.00	−0.128%	$733	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	188.75	−0.260%	$204K	$306K	10x	as long as short
Paradex EWY-USD-PERP	+0.0052%	8h	188.91	−0.175%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.85	−0.207%	$973K	$610K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.22	−0.012%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.85	−0.207%	$2K	$1K	20x	as long as short
edgeX EWYUSDCshort	+0.0503%	4h	189.13	−0.058%	$424K	$285K	20x