VOL. I · NO. 04 ·
2026
UTC --:--:--
perpsindex.
← RWA / EWJ / Variational vs tradeXYZ
iShares Japan · ETFs ·Mark $94

Variational->EWJ<-tradeXYZ

aligning snapshots…
Spread over time Variational rate − tradeXYZ rate, normalized to 1h
1d 7d 30d 90d
Current spread
−0.0006 %
Variational − tradeXYZ
24h change
+0.0035%
from yesterday
7d average
+0.0007%
rolling mean
30d average
+0.0007%
rolling mean
Capturable
Staggered
Aligned in 2h 45m
※ Editor's note

The spread between Variational (8h window) and tradeXYZ (1h window) is structurally unstable because the two venues fire on different clocks. The displayed spread will rarely be the realized spread. Alignment, not magnitude, is the question you should be asking. Read the article →