Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Aster+0.033%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.033% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IWMUSDT	284.76	0	get 0.0000% / 8h	7h 23m	$2K	$221	20x
Short	Bitget IWMUSDT	284.85	0	get 0.0000% / 8h	7h 23m	$440K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → 0.000%: $3.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.68
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bitget: live order book, 3 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 Aster no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	9.13 bp	30.2 bp −$30	43.5 bp −$435	doesn't fit	doesn't fit

Aster: 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.

IWM on 17 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 IWMUSDTlong	0.0000%	8h	284.76	long leg	$2K	$221	20x
Bybit IWMUSDT	0.0000%	8h	284.66	−0.033%	$564K	$74K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.63	−0.044%	$436K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	284.89	+0.047%	$601K	$165K	20x	as long as short
Bitget IWMUSDTshort	0.0000%	8h	284.85	+0.033%	$440K	$16K	20x
Variational Omni IWM	0.0000%	8h	284.68	−0.025%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	284.76	+0.002%	$1K	$100K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	284.65	−0.037%	$771	$463K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.80	+0.016%	$738	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	284.89	+0.047%	$764K	$85K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IWM	+0.0032%	1h	285.05	+0.103%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.58	−0.062%	$564K	$359K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.59	−0.058%	—	$1K	25x	as long as short
MEXC IWM_USDT	+0.0060%	8h	284.78	+0.009%	$880K	$85K	50x	as long as short
Binance IWMUSDT	+0.0060%	8h	284.91	+0.054%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0066%	8h	284.86	+0.037%	$67K	$34K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	284.82	+0.023%	$141K	$934K	20x	as long as short