Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against Gate+0.157%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.157% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread 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	Gate IWM_USDT	285.72	0	get 0.0000% / 8h	3h 52m	$611K	$155K	20x
Short	Lighter IWM	286.17	0.0032	get 0.0004% / 1h	52m 49s	$75K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.157%Rate

Funding earned: $6.72
Price spread: +0.157% → 0.000%: $15.75
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $7.47
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 63 min ago; Lighter: 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 Gate live order book, 63 min ago	8.05 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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
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 IWMUSDT	0.0000%	8h	285.76	+0.014%	$1.0M	$1.1M	20x	as long as short
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 IWMshort	+0.0032%	1h	286.17	+0.157%	$75K	$19K	10x
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