Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit+0.091%7-day average +0.020% · you sell dearer than you buy

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

Long on Bybit Short on SunX

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)−0.112%−$11 · spread now +0.091%, 7d avg +0.020%

Together, before fees−0.088%−$9 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: SunX is 0.071% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IWMUSDT	284.64	0	get 0.0000% / 8h	7h 32m	$564K	$73K	25x
Short	SunX IWM-USDT	284.90	0	get 0.0000% / 8h	7h 32m	$960	$461K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.020%: $7.12
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$11.88
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 57 min ago; SunX: live order book, 8 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 Bybit live order book, 57 min ago	3.68 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	500.18 bp	doesn't fit	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	284.71	+0.023%	$2K	$221	20x	as long as short
Bybit IWMUSDTlong	0.0000%	8h	284.64	long leg	$564K	$73K	25x
OKX IWM-USDT-SWAP	0.0000%	8h	284.80	+0.056%	$436K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	284.91	+0.095%	$601K	$164K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.71	+0.025%	$440K	$16K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.87	+0.082%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	284.90	+0.090%	$1K	$101K	10x	as long as short
SunX IWM-USDTshort	0.0000%	8h	284.90	+0.091%	$960	$461K	10x
HTX IWM-USDT	0.0000%	8h	285.04	+0.141%	$715	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	284.96	+0.112%	$764K	$85K	10x	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	284.83	+0.067%	$74K	$19K	10x	as long as short
BloFin IWM-USDT	+0.0041%	8h	284.95	+0.109%	$67K	$34K	20x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.50	−0.049%	$564K	$359K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.59	−0.018%	—	$1K	25x	as long as short
MEXC IWM_USDT	+0.0069%	8h	284.77	+0.046%	$880K	$84K	50x	as long as short
Binance IWMUSDT	+0.0070%	8h	284.89	+0.088%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	284.79	+0.053%	$141K	$922K	20x	as long as short