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 Gate−0.031%7-day average +0.023% · you buy dearer than you sell

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.031%, 7d avg +0.023%

Together, before fees+0.016%+$2 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 0.054% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IWM_USDT	286.08	0	get 0.0000% / 8h	6h 19m	$601K	$165K	20x
Short	SunX IWM-USDT	285.99	0	get 0.0000% / 8h	6h 19m	$749	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → +0.023%: −$5.41
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.41
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 29 min ago; SunX: live order book, 24 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 Gate live order book, 29 min ago	6.82 bp	191.4 bp −$191	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 24 min ago	500.20 bp	doesn't fit	doesn't fit	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	285.98	−0.034%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.94	−0.049%	$567K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	286.45	+0.129%	$440K	$175K	20x	as long as short
Gate IWM_USDTlong	0.0000%	8h	286.08	long leg	$601K	$165K	20x
Bitget IWMUSDT	0.0000%	8h	286.28	+0.070%	$445K	$17K	20x	as long as short
Variational Omni IWM	0.0000%	8h	286.19	+0.039%	$170K	$216K	—	as long as short
SunX IWM-USDTshort	0.0000%	8h	285.99	−0.031%	$749	$466K	10x
HTX IWM-USDT	0.0000%	8h	286.28	+0.070%	$570	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	286.17	+0.031%	$768K	$87K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.56	+0.168%	$75K	$19K	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.80	−0.098%	$526K	$381K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.84	−0.084%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0062%	8h	286.30	+0.077%	$67K	$35K	20x	as long as short
Binance IWMUSDT	+0.0074%	8h	286.17	+0.032%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0074%	8h	286.06	−0.007%	$884K	$85K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.93	−0.052%	$136K	$1.0M	20x	as long as short
GRVT IWM_USDT_Perp	+0.0150%	8h	286.19	+0.039%	$819	$105K	10x	as long as short