Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0520%/8h= −57.0% APRpaid last 24h −0.053%

Price spread now: Vest against Variational Omni+0.125%7-day average +0.078% · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

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)−0.069%−$7 · spread now +0.125%, 7d avg +0.078%

Together, before fees−0.101%+ Points / potential airdropVariational Omni: Active · Vest: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.047% dearer against Variational Omni than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.078%): +$5 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.032% in total) that is about 4.8 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EWY	190.51	0.0566	pay 0.0566% / 8h	6h 58m	$1.2M	$1.1M	—
Short	Vest EWY-USD-PERP	190.75	0.0046	get 0.0006% / 1h	58m 00s	—	$220K	25x

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

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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 VestbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$109.3
Price spread: +0.125% → +0.078%: $4.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$106.58
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 1 min ago	2.23 bp	doesn't fit	7.3 bp −$73	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit EWYUSDT	0.0000%	8h	190.46	−0.027%	$5.2M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.44	−0.038%	$4.0M	$3.5M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	190.46	−0.027%	—	$2.6M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	190.36	−0.080%	$2K	$13K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.53	+0.010%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.39	−0.064%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.21	−0.158%	$386K	$34K	20x	as long as short
Vest EWY-USD-PERPshort	+0.0046%	1h	190.75	+0.125%	—	$220K	25x
GRVT EWY_USDT_Perp	+0.0047%	8h	190.56	+0.025%	$753K	$380K	10x	as long as short
Entropy io:EWY	+0.0047%	1h	190.48	−0.017%	$52K	$57K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex EWYUSDT	+0.0048%	1h	190.52	+0.004%	$196K	$142K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	190.43	−0.043%	$531K	$340K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.38	−0.069%	$6.2M	$14.5M	20x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.34	−0.090%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.42	−0.048%	$542	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.51	−0.001%	$229K	$235K	10x	as long as short
Paradex EWY-USD-PERP	+0.0067%	8h	190.51	−0.003%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.44	−0.038%	$981K	$644K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.45	−0.032%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.52	+0.004%	$2K	$1K	20x	as long as short
Hotstuff EWY-PERP	+0.0160%	1h	190.47	−0.022%	$29K	$12K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0263%	8h	190.42	−0.048%	$4.2M	$3.5M	50x	as long as short
Bitget EWYUSDT	+0.0447%	8h	190.46	−0.027%	$2.8M	$1.7M	20x	as long as short
Aster EWYUSDT	+0.0469%	8h	190.55	+0.020%	$295K	$12K	20x	as long as short
Variational Omni EWYlong	+0.0566%	8h	190.51	long leg	$1.2M	$1.1M	—
BloFin EWY-USDT	+0.0568%	8h	190.60	+0.046%	$2K	$214K	50x	as long as short
Binance EWYUSDT	+0.0589%	8h	190.45	−0.032%	$28.5M	$77.4M	50x	as long as short
Extended EWY_24_5-USD	+0.0592%	1h	190.40	−0.057%	$304K	$670K	10x	as long as short
MEXC EWY_USDT	+0.0594%	8h	190.40	−0.059%	$7.0M	$4.1M	100x	as long as short
edgeX EWYUSDC	+0.0962%	4h	190.56	+0.028%	$427K	$283K	20x	as long as short