Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Aster+0.080%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 Gate

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: Gate is 0.080% dearer against Aster than usual: you sell high and buy low, +$8 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	285.16	0	get 0.0000% / 8h	1m 45s	$2K	$221	20x
Short	Gate IWM_USDT	285.39	0	get 0.0000% / 8h	1m 45s	$606K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → 0.000%: $8.05
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$14.95
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: live order book, 34 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 Gate live order book, 34 min ago	7.70 bp	206.9 bp −$207	doesn't fit	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	285.16	long leg	$2K	$221	20x
Bybit IWMUSDT	0.0000%	8h	285.09	−0.025%	$556K	$61K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.33	+0.059%	$437K	$158K	20x	as long as short
Gate IWM_USDTshort	0.0000%	8h	285.39	+0.080%	$606K	$160K	20x
Bitget IWMUSDT	0.0000%	8h	285.34	+0.063%	$441K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.35	+0.067%	$170K	$217K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.28	+0.042%	$399	$464K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.67	+0.179%	$443	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.40	+0.084%	$765K	$82K	10x	as long as short
Lighter IWM	+0.0032%	1h	285.62	+0.161%	$75K	$19K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.99	−0.060%	$566K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.07	−0.032%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0054%	8h	285.39	+0.080%	$67K	$33K	20x	as long as short
MEXC IWM_USDT	+0.0080%	8h	285.28	+0.042%	$881K	$86K	50x	as long as short
Binance IWMUSDT	+0.0081%	8h	285.38	+0.078%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.46	+0.105%	$140K	$905K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0439%	8h	285.36	+0.070%	$970	$102K	10x	as long as short