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 Bitget+0.018%7-day average −0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2732.729% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.018%, 7d avg −0.103%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.120% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IWMUSDT	285.34	0	get 0.0000% / 8h	1m 44s	$441K	$15K	20x
Short	Gate IWM_USDT	285.39	0	get 0.0000% / 8h	1m 44s	$606K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.103%: $12.02
Slippage, 4 orders: −$245.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$260.9
Costs to cover: 2.729%
Break-even: never at this rate

Slippage from Bitget: live order book, 29 min ago; Gate: live order book, 34 min ago.

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 Bitget live order book, 29 min ago	6.65 bp	13.3 bp −$13	35.4 bp −$354	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	7.70 bp	206.9 bp −$207	doesn't fit	doesn't fit	doesn't fit

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 IWMUSDT	0.0000%	8h	285.16	−0.063%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.09	−0.088%	$556K	$61K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.33	−0.004%	$437K	$158K	20x	as long as short
Gate IWM_USDTshort	0.0000%	8h	285.39	+0.018%	$606K	$160K	20x
Bitget IWMUSDTlong	0.0000%	8h	285.34	long leg	$441K	$15K	20x
Variational Omni IWM	0.0000%	8h	285.35	+0.004%	$170K	$217K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.28	−0.021%	$399	$464K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.67	+0.116%	$443	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.40	+0.021%	$765K	$82K	10x	as long as short
Lighter IWM	+0.0032%	1h	285.62	+0.098%	$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	−0.123%	$566K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.07	−0.095%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0054%	8h	285.39	+0.018%	$67K	$33K	20x	as long as short
MEXC IWM_USDT	+0.0080%	8h	285.28	−0.021%	$881K	$86K	50x	as long as short
Binance IWMUSDT	+0.0081%	8h	285.38	+0.015%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.46	+0.042%	$140K	$905K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0439%	8h	285.36	+0.007%	$970	$102K	10x	as long as short