Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.030%

Price spread now: Vest against GRVT−0.135%63s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropGRVT: Active · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.135% cheaper against GRVT than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 9.8 days of funding at the current rate (+$1 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT IWM_USDT_Perp	285.05	0	get 0.0000% / 8h	7h 43m	$687	$101K	10x
Short	Vest IWM-USD-PERP	284.67	0.0046	get 0.0006% / 1h	43m 41s	—	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against GRVT. 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 GRVTbpFee VestbpOrdersPrice spread, now −0.135%Rate

Funding earned: $9.59
Price spread: −0.135% → 0.000%: −$13.48
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$14.89
Costs to cover: 0.110%
Break-even: 17.9 days

Slippage unknown: GRVT: live order book, 49 min ago; Vest: 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 GRVT live order book, 49 min ago	1.92 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Aster IWMUSDT	0.0000%	8h	284.75	−0.106%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.70	−0.124%	$563K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.82	−0.082%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	284.89	−0.058%	$601K	$163K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.72	−0.117%	$440K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.92	−0.046%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perplong	0.0000%	8h	285.05	long leg	$687	$101K	10x
SunX IWM-USDT	0.0000%	8h	285.07	+0.006%	$790	$461K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.85	−0.072%	$544	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	284.88	−0.061%	$764K	$84K	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	284.86	−0.068%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.56	−0.173%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERPshort	+0.0046%	1h	284.67	−0.135%	—	$1K	25x
BloFin IWM-USDT	+0.0063%	8h	285.00	−0.019%	$67K	$33K	20x	as long as short
Binance IWMUSDT	+0.0078%	8h	284.80	−0.089%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0079%	8h	284.79	−0.093%	$880K	$83K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	284.92	−0.047%	$141K	$910K	20x	as long as short