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: OKX against Aster−0.017%7-day average — · you buy dearer than you sell

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

Long on Aster Short on OKX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IWMUSDT	285.71	0	get 0.0000% / 8h	2h 13m	$2K	$221	20x
Short	OKX IWM-USDT-SWAP	285.66	0	get 0.0000% / 8h	2h 13m	$400K	$120K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → 0.000%: −$1.71
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.71
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; OKX: live order book, 32 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 OKX live order book, 32 min ago	2.10 bp	28.8 bp −$29	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	285.71	long leg	$2K	$221	20x
Bybit IWMUSDT	0.0000%	8h	285.56	−0.052%	$556K	$62K	25x	as long as short
OKX IWM-USDT-SWAPshort	0.0000%	8h	285.66	−0.017%	$400K	$120K	20x
Gate IWM_USDT	0.0000%	8h	285.90	+0.067%	$610K	$162K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.81	+0.035%	$443K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.88	+0.062%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	286.04	+0.116%	$1K	$459K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	286.08	+0.130%	$758	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.93	+0.077%	$766K	$80K	10x	as long as short
Lighter IWM	+0.0032%	1h	285.75	+0.014%	$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	285.40	−0.108%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.47	−0.084%	—	—	25x	as long as short
MEXC IWM_USDT	+0.0059%	8h	285.83	+0.042%	$886K	$83K	50x	as long as short
Binance IWMUSDT	+0.0060%	8h	285.96	+0.088%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0085%	8h	285.92	+0.074%	$65K	$33K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.95	+0.084%	$139K	$849K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0684%	8h	285.93	+0.077%	$292	$107K	10x	as long as short