Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.052%

Price spread now: SoDEX against Variational Omni−0.096%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

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 · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.096% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.096% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EWY	189.32	0	get 0.0000% / 8h	3h 13m	$1.2M	$1.1M	—
Short	SoDEX EWY-USD	189.14	0.0050	get 0.0006% / 1h	13m 41s	$737	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.096%Rate

Funding earned: $10.5
Price spread: −0.096% → 0.000%: −$9.61
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$7.11
Costs to cover: 0.080%
Break-even: 11.7 days

Slippage unknown: Variational Omni: RFQ quote, just now; SoDEX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, just now	2.22 bp	doesn't fit	5.8 bp −$58	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EWYUSDT	0.0000%	8h	189.15	−0.093%	$293K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	189.11	−0.114%	$300K	$583K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	189.15	−0.089%	$27.6M	$77.4M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.13	−0.101%	$5.1M	$4.3M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	189.14	−0.096%	$4.3M	$4.0M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	189.15	−0.091%	$4.1M	$3.9M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	189.15	−0.091%	$6.2M	$3.8M	100x	as long as short
Bitget EWYUSDT	0.0000%	8h	189.21	−0.059%	$2.7M	$2.2M	20x	as long as short
Variational Omni EWYlong	0.0000%	8h	189.32	long leg	$1.2M	$1.1M	—
GRVT EWY_USDT_Perp	0.0000%	8h	189.26	−0.034%	$748K	$404K	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	189.04	−0.149%	—	$2.5M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	189.02	−0.159%	$2K	$14K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.40	+0.041%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.15	−0.091%	$1.7M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0011%	8h	189.18	−0.075%	$48K	$214K	50x	as long as short
Lighter EWY	+0.0032%	1h	188.99	−0.175%	$383K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.06	−0.138%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.15	−0.091%	$197K	$147K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	189.35	+0.015%	$527K	$291K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.01	−0.165%	$6.1M	$14.3M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.07	−0.133%	$65K	$81K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	188.94	−0.202%	$4K	$126	20x	as long as short
SoDEX EWY-USDshort	+0.0050%	1h	189.14	−0.096%	$737	$4K	10x
Ondo Perps EWY-USD.P	+0.0050%	1h	189.11	−0.112%	$202K	$305K	10x	as long as short
Paradex EWY-USD-PERP	+0.0051%	8h	189.16	−0.086%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.07	−0.133%	$974K	$613K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.34	+0.010%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.13	−0.101%	$2K	$1K	20x	as long as short
Hotstuff EWY-PERP	+0.0320%	1h	189.12	−0.107%	$28K	$12K	20x	as long as short
edgeX EWYUSDC	+0.0898%	4h	189.15	−0.092%	$424K	$285K	20x	as long as short