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: Bybit against HTX+0.028%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.028% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it 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	HTX IWM-USDT	285.29	0	get 0.0000% / 8h	1h 35m	$702	$37K	20x
Short	Bybit IWMUSDT	285.37	0	get 0.0000% / 8h	1h 35m	$557K	$60K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → 0.000%: $2.8
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.2
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Bybit: live order book, 65 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 HTX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 65 min ago	1.05 bp	83.5 bp −$83	doesn't fit	doesn't fit	doesn't fit

HTX: 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	285.52	+0.079%	$2K	$221	20x	as long as short
Bybit IWMUSDTshort	0.0000%	8h	285.37	+0.028%	$557K	$60K	25x
OKX IWM-USDT-SWAP	0.0000%	8h	285.32	+0.011%	$437K	$160K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.62	+0.116%	$608K	$160K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.57	+0.098%	$442K	$15K	20x	as long as short
SunX IWM-USDT	0.0000%	8h	285.39	+0.035%	$908	$455K	10x	as long as short
HTX IWM-USDTlong	0.0000%	8h	285.29	long leg	$702	$37K	20x
Phemex IWMUSDT	0.0000%	8h	285.63	+0.119%	$765K	$81K	10x	as long as short
Variational Omni IWM	+0.0011%	8h	285.59	+0.105%	$160K	$207K	—	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0031%	1h	285.41	+0.042%	$566K	$363K	20x	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	286.08	+0.277%	$75K	$19K	10x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.40	+0.039%	—	—	25x	as long as short
BloFin IWM-USDT	+0.0058%	8h	285.63	+0.119%	$65K	$33K	20x	as long as short
Binance IWMUSDT	+0.0080%	8h	285.62	+0.116%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0080%	8h	285.63	+0.119%	$885K	$82K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.71	+0.147%	$139K	$848K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0643%	8h	285.69	+0.140%	$297	$104K	10x	as long as short