Funding arb · Price arb /

IWM

RWAall IWM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.008%

Price spread now: Markets by Kinetiq against Gate−0.063%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2212.210% of the position

Long on Gate Short on Markets by Kinetiq

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.063%, 7d avg +0.022%

Together, before fees+0.306%+$31 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: Markets by Kinetiq is 0.085% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IWM_USDT	287.11	0	get 0.0000% / 8h	5h 45m	$604K	$158K	20x
Short	Markets by Kinetiq mkts:SMALL2000	286.93	0.0006	get 0.0001% / 1h	45m 10s	$528K	$378K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Markets by Kinetiq 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 Markets by KinetiqbpOrdersPrice spread, now −0.063%Rate

Funding earned: $1.18
Price spread: −0.063% → +0.022%: −$8.5
Slippage, 4 orders: −$204.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Markets by Kinetiq: 0.81 bp × 2 orders: −$1.62
Net: −$228.29
Costs to cover: 2.210%
Break-even: 1357.2 days

Slippage from Gate: live order book, 64 min ago; Markets by Kinetiq: live order book, 57 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, 64 min ago	6.82 bp	191.4 bp −$191	doesn't fit	doesn't fit	doesn't fit
Sell Markets by Kinetiq live order book, 57 min ago	1.75 bp	2.6 bp −$3	45.0 bp −$450	doesn't fit	doesn't fit

IWM on 17 exchanges

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	287.28	+0.059%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	287.20	+0.031%	$569K	$76K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	287.09	−0.007%	$402K	$212K	20x	as long as short
Gate IWM_USDTlong	0.0000%	8h	287.11	long leg	$604K	$158K	20x
Bitget IWMUSDT	0.0000%	8h	287.34	+0.080%	$446K	$18K	20x	as long as short
Variational Omni IWM	0.0000%	8h	287.32	+0.074%	$171K	$216K	—	as long as short
SunX IWM-USDT	0.0000%	8h	287.40	+0.101%	$739	$466K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	287.75	+0.223%	$532	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	287.35	+0.084%	$772K	$88K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000short	+0.0006%	1h	286.93	−0.063%	$528K	$378K	20x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IWM	+0.0032%	1h	287.38	+0.094%	$75K	$3K	10x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	287.03	−0.028%	—	$1K	25x	as long as short
Binance IWMUSDT	+0.0053%	8h	287.34	+0.080%	$1.1M	$1.3M	20x	as long as short
MEXC IWM_USDT	+0.0053%	8h	287.25	+0.049%	$888K	$83K	50x	as long as short
BloFin IWM-USDT	+0.0074%	8h	287.32	+0.073%	$66K	$36K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	287.30	+0.066%	$138K	$1.1M	20x	as long as short
GRVT IWM_USDT_Perp	+0.0107%	8h	287.39	+0.098%	$638	$106K	10x	as long as short