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 +0.002%

Price spread now: Binance against BloFin−0.004%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IWM-USDT	286.00	0.0002	pay 0.0002% / 8h	2h 50m	$65K	$32K	20x
Short	Binance IWMUSDT	285.99	0.0002	get 0.0002% / 8h	2h 50m	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0.03
Price spread: −0.004% → 0.000%: −$0.43
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.4
Costs to cover: 0.220%
Break-even: 4873.9 days

Slippage unknown: BloFin: no order-book sample; Binance: live order book, 12 min ago. 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 BloFin no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	0.70 bp	15.5 bp −$15	56.5 bp −$565	doesn't fit	doesn't fit

BloFin: 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	285.68	−0.113%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.55	−0.157%	$554K	$61K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.78	−0.077%	$401K	$117K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.93	−0.024%	$609K	$159K	20x	as long as short
MEXC IWM_USDT	0.0000%	8h	285.70	−0.105%	$885K	$82K	50x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.87	−0.045%	$443K	$14K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.94	−0.021%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.97	−0.010%	$1K	$467K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.83	−0.059%	$477	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.96	−0.014%	$766K	$79K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IWM-USDTlong	+0.0002%	8h	286.00	long leg	$65K	$32K	20x
Binance IWMUSDTshort	+0.0002%	8h	285.99	−0.004%	$1.1M	$1.1M	20x
Lighter IWM	+0.0032%	1h	285.75	−0.087%	$75K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.43	−0.199%	$566K	$371K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.43	−0.199%	—	—	25x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.91	−0.031%	$138K	$852K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0640%	8h	285.92	−0.028%	$286	$108K	10x	as long as short