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: Binance against Gate+0.014%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2342.341% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 2 days (all we have)+0.094%+$9 · spread now +0.014%, 7d avg +0.047%

Together, before fees+0.094%+$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: Binance is 0.033% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IWM_USDT	285.72	0	get 0.0000% / 8h	3h 52m	$611K	$155K	20x
Short	Binance IWMUSDT	285.76	0	get 0.0000% / 8h	3h 52m	$1.0M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.047%: −$3.3
Slippage, 4 orders: −$209.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$237.41
Costs to cover: 2.341%
Break-even: never at this rate

Slippage from Gate: live order book, 63 min ago; Binance: live order book, 10 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 Gate live order book, 63 min ago	8.05 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.17 bp	15.3 bp −$15	45.2 bp −$452	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
BloFin IWM-USDT	−0.0021%	8h	285.77	+0.017%	$65K	$32K	20x	as long as short
Aster IWMUSDT	0.0000%	8h	285.58	−0.049%	$2K	$221	20x	as long as short
Binance IWMUSDTshort	0.0000%	8h	285.76	+0.014%	$1.0M	$1.1M	20x
Bybit IWMUSDT	0.0000%	8h	285.47	−0.087%	$553K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.56	−0.056%	$399K	$114K	20x	as long as short
Gate IWM_USDTlong	0.0000%	8h	285.72	long leg	$611K	$155K	20x
MEXC IWM_USDT	0.0000%	8h	285.66	−0.021%	$885K	$86K	50x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.72	0.000%	$443K	$14K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.71	−0.002%	$153K	$201K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.57	−0.052%	$1K	$421K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IWM-USDT	0.0000%	8h	285.66	−0.021%	$383	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.75	+0.010%	$764K	$73K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.17	+0.157%	$75K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.56	−0.056%	$566K	$370K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.39	−0.115%	—	—	25x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.92	+0.070%	$138K	$860K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0557%	8h	285.78	+0.022%	$289	$114K	10x	as long as short