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: Gate against Bybit+0.091%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$365as in the Funding arb table

Net, price: spread back to 7d avg − costs−$358as in the Price arb table

costs, in and out, $10k−$3673.673% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.091%, 7d avg −0.005%

Together, before fees−0.070%−$7 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: Gate is 0.096% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.005%.

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 34m	$557K	$60K	25x
Short	Gate IWM_USDT	285.62	0	get 0.0000% / 8h	1h 34m	$608K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → −0.005%: $9.64
Slippage, 4 orders: −$341.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$357.71
Costs to cover: 3.673%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; Gate: live order book, 7 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 Bybit live order book, just now	4.73 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 7 min ago	6.65 bp	208.4 bp −$208	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	285.52	+0.055%	$2K	$221	20x	as long as short
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_USDTshort	0.0000%	8h	285.62	+0.091%	$608K	$160K	20x
Bitget IWMUSDT	0.0000%	8h	285.56	+0.070%	$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
Lighter IWM	+0.0032%	1h	286.09	+0.256%	$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	+0.0040%	1h	285.41	+0.018%	$566K	$363K	20x	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	+0.0079%	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	285.71	+0.123%	$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