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 Bitget−0.028%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.028% cheaper against Bitget than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IWMUSDT	286.31	0	get 0.0000% / 8h	7h 02m	$443K	$16K	20x
Short	Vest IWM-USD-PERP	286.23	0.0046	get 0.0006% / 1h	2m 24s	—	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.028%Rate

Funding earned: $9.59
Price spread: −0.028% → 0.000%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$7.2
Costs to cover: 0.140%
Break-even: 12.3 days

Slippage unknown: Bitget: live order book, 23 min ago; 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 Bitget live order book, 23 min ago	9.13 bp	16.5 bp −$17	31.5 bp −$315	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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 IWMUSDT	0.0000%	8h	286.57	+0.092%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	286.27	−0.014%	$567K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	286.37	+0.021%	$442K	$170K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	286.39	+0.028%	$603K	$170K	20x	as long as short
Bitget IWMUSDTlong	0.0000%	8h	286.31	long leg	$443K	$16K	20x
Variational Omni IWM	0.0000%	8h	286.37	+0.020%	$170K	$217K	—	as long as short
SunX IWM-USDT	0.0000%	8h	286.21	−0.035%	$899	$468K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	286.79	+0.168%	$482	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	286.41	+0.035%	$769K	$87K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.60	+0.101%	$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	286.20	−0.038%	$526K	$380K	20x	as long as short
Vest IWM-USD-PERPshort	+0.0046%	1h	286.23	−0.028%	—	$1K	25x
KuCoin IWMUSDTM	+0.0100%	8h	286.33	+0.007%	$138K	$956K	20x	as long as short
MEXC IWM_USDT	+0.0119%	8h	286.40	+0.031%	$885K	$86K	50x	as long as short
Binance IWMUSDT	+0.0121%	8h	286.51	+0.070%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0147%	8h	286.49	+0.063%	$67K	$34K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0502%	8h	286.39	+0.027%	$458	$103K	10x	as long as short