Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Aster−0.029%47s7-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 Vest

What this pair did over the last

the charts below follow

Funding, last 4 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 · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.029% cheaper against Aster than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$1 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IWMUSDT	284.82	0	get 0.0000% / 8h	7h 44m	$2K	$221	20x
Short	Vest IWM-USD-PERP	284.74	0.0046	get 0.0006% / 1h	44m 43s	—	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.029%Rate

Funding earned: $9.59
Price spread: −0.029% → 0.000%: −$2.95
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$3.35
Costs to cover: 0.100%
Break-even: 9.4 days

Slippage unknown: Aster: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample	—	—	—	—	—

Aster and Vest: 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	284.82	long leg	$2K	$221	20x
Bybit IWMUSDT	0.0000%	8h	284.78	−0.015%	$560K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.90	+0.027%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.02	+0.069%	$601K	$162K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.03	+0.072%	$441K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.92	+0.035%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	285.05	+0.081%	$687	$101K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	285.07	+0.086%	$770	$461K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.85	+0.009%	$595	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.07	+0.086%	$764K	$84K	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	284.86	+0.013%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.62	−0.072%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERPshort	+0.0046%	1h	284.74	−0.029%	—	$1K	25x
BloFin IWM-USDT	+0.0063%	8h	285.00	+0.062%	$67K	$33K	20x	as long as short
Binance IWMUSDT	+0.0080%	8h	284.86	+0.013%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0081%	8h	284.98	+0.055%	$880K	$83K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.03	+0.072%	$141K	$910K	20x	as long as short