Funding arb · Price arb /

IWM

RWAall IWM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against Bitget+0.172%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.172% dearer against Bitget than usual: you sell high and buy low: +$17 more if the spread 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	Bitget IWMUSDT	284.97	0	get 0.0000% / 8h	7h 52m	$441K	$15K	20x
Short	Lighter IWM	285.46	0.0032	get 0.0004% / 1h	52m 30s	$74K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.172%Rate

Funding earned: $6.72
Price spread: +0.172% → 0.000%: $17.19
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $11.91
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 38 min ago; Lighter: 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 Bitget live order book, 38 min ago	6.65 bp	13.3 bp −$13	35.4 bp −$354	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 IWMUSDT	0.0000%	8h	284.90	−0.024%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.82	−0.053%	$560K	$69K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.00	+0.011%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.03	+0.021%	$606K	$158K	20x	as long as short
Bitget IWMUSDTlong	0.0000%	8h	284.97	long leg	$441K	$15K	20x
Variational Omni IWM	0.0000%	8h	285.01	+0.013%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	285.06	+0.032%	$485	$102K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	284.94	−0.011%	$667	$462K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.41	+0.154%	$565	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.10	+0.046%	$764K	$83K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IWMshort	+0.0032%	1h	285.46	+0.172%	$74K	$19K	10x
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.63	−0.119%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.72	−0.088%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0075%	8h	285.00	+0.011%	$67K	$33K	20x	as long as short
Binance IWMUSDT	+0.0086%	8h	285.02	+0.018%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0087%	8h	284.93	−0.014%	$880K	$83K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.01	+0.014%	$141K	$909K	20x	as long as short