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: Phemex against Aster+0.076%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 Phemex

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: Phemex is 0.076% 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	285.59	0	get 0.0000% / 8h	3h 52m	$2K	$221	20x
Short	Phemex IWMUSDT	285.81	0	get 0.0000% / 8h	3h 52m	$764K	$73K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → 0.000%: $7.6
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$12.4
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Phemex: live order book, just now. 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 Phemex live order book, just now	1.22 bp	46.3 bp −$46	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
BloFin IWM-USDT	−0.0021%	8h	285.77	+0.062%	$65K	$32K	20x	as long as short
Aster IWMUSDTlong	0.0000%	8h	285.59	long leg	$2K	$221	20x
Binance IWMUSDT	0.0000%	8h	285.82	+0.078%	$1.0M	$1.1M	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.48	−0.040%	$553K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.65	+0.020%	$399K	$114K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.77	+0.062%	$611K	$155K	20x	as long as short
MEXC IWM_USDT	0.0000%	8h	285.73	+0.048%	$886K	$86K	50x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.72	+0.045%	$443K	$14K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.71	+0.043%	$153K	$201K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.59	−0.001%	$2K	$421K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IWM-USDT	0.0000%	8h	285.66	+0.024%	$329	$37K	20x	as long as short
Phemex IWMUSDTshort	0.0000%	8h	285.81	+0.076%	$764K	$73K	10x
Lighter IWM	+0.0032%	1h	286.17	+0.202%	$75K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.56	−0.011%	$566K	$370K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.41	−0.064%	—	—	25x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.93	+0.118%	$137K	$860K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0557%	8h	285.78	+0.067%	$289	$114K	10x	as long as short