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: Aster against Bybit+0.060%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.060% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it 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	Bybit IWMUSDT	285.36	0	get 0.0000% / 8h	1h 35m	$557K	$60K	25x
Short	Aster IWMUSDT	285.53	0	get 0.0000% / 8h	1h 35m	$2K	$221	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → 0.000%: $6.01
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$12.99
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 65 min ago; Aster: 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 Bybit live order book, 65 min ago	1.05 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 IWMUSDTshort	0.0000%	8h	285.53	+0.060%	$2K	$221	20x
Bybit IWMUSDTlong	0.0000%	8h	285.36	long leg	$557K	$60K	25x
OKX IWM-USDT-SWAP	0.0000%	8h	285.32	−0.014%	$437K	$160K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.62	+0.091%	$608K	$160K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.58	+0.077%	$442K	$15K	20x	as long as short
SunX IWM-USDT	0.0000%	8h	285.39	+0.011%	$908	$455K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.29	−0.025%	$702	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.63	+0.095%	$765K	$81K	10x	as long as short
Variational Omni IWM	+0.0011%	8h	285.59	+0.081%	$160K	$207K	—	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0031%	1h	285.41	+0.018%	$566K	$363K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IWM	+0.0032%	1h	286.08	+0.252%	$75K	$19K	10x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.40	+0.014%	—	—	25x	as long as short
BloFin IWM-USDT	+0.0058%	8h	285.63	+0.095%	$65K	$33K	20x	as long as short
Binance IWMUSDT	+0.0080%	8h	285.62	+0.091%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0080%	8h	285.63	+0.095%	$885K	$82K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.72	+0.126%	$139K	$848K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0643%	8h	285.69	+0.116%	$297	$104K	10x	as long as short