Funding arb · Price arb /

IWM

RWAall IWM markets

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 Bitget0.000%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on Bitget Short on OKX

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)+0.034%+$3 · spread now 0.000%, 7d avg −0.029%

Together, before fees+0.034%+$3 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: OKX is 0.029% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IWMUSDT	285.65	0	get 0.0000% / 8h	22m 51s	$442K	$15K	20x
Short	OKX IWM-USDT-SWAP	285.65	0	get 0.0000% / 8h	22m 51s	$438K	$156K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.029%: $2.88
Slippage, 4 orders: −$56.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$76.08
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from Bitget: live order book, 8 min ago; OKX: live order book, 13 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, 8 min ago	6.65 bp	13.3 bp −$13	35.4 bp −$354	doesn't fit	doesn't fit
Sell OKX live order book, 13 min ago	7.00 bp	12.5 bp −$12	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	285.43	−0.076%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.31	−0.119%	$557K	$61K	25x	as long as short
OKX IWM-USDT-SWAPshort	0.0000%	8h	285.65	0.000%	$438K	$156K	20x
Gate IWM_USDT	0.0000%	8h	285.57	−0.028%	$607K	$159K	20x	as long as short
Bitget IWMUSDTlong	0.0000%	8h	285.65	long leg	$442K	$15K	20x
Variational Omni IWM	0.0000%	8h	285.55	−0.036%	$165K	$212K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.24	−0.144%	$585	$463K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.16	−0.172%	$505	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.54	−0.039%	$765K	$82K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.13	+0.168%	$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	285.31	−0.119%	$566K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.30	−0.123%	—	—	25x	as long as short
Binance IWMUSDT	+0.0062%	8h	285.48	−0.060%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0063%	8h	285.50	−0.053%	$882K	$85K	50x	as long as short
BloFin IWM-USDT	+0.0087%	8h	285.50	−0.053%	$67K	$33K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.62	−0.011%	$140K	$883K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0460%	8h	285.59	−0.022%	$328	$101K	10x	as long as short