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: Gate against HTX−0.004%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Gate

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX IWM-USDT	285.67	0	get 0.0000% / 8h	1h 35m	$703	$37K	20x
Short	Gate IWM_USDT	285.66	0	get 0.0000% / 8h	1h 35m	$608K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → 0.000%: −$0.35
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$27.35
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Gate: live order book, 6 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 Gate live order book, 6 min ago	6.65 bp	208.4 bp −$208	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	285.54	−0.046%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.49	−0.063%	$557K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.32	−0.123%	$437K	$160K	20x	as long as short
Gate IWM_USDTshort	0.0000%	8h	285.66	−0.004%	$608K	$160K	20x
Bitget IWMUSDT	0.0000%	8h	285.75	+0.028%	$442K	$15K	20x	as long as short
SunX IWM-USDT	0.0000%	8h	285.45	−0.077%	$908	$455K	10x	as long as short
HTX IWM-USDTlong	0.0000%	8h	285.67	long leg	$703	$37K	20x
Phemex IWMUSDT	0.0000%	8h	285.68	+0.004%	$765K	$81K	10x	as long as short
Variational Omni IWM	+0.0011%	8h	285.59	−0.028%	$160K	$207K	—	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0031%	1h	285.41	−0.091%	$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	+0.144%	$75K	$19K	10x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.40	−0.095%	—	—	25x	as long as short
Binance IWMUSDT	+0.0080%	8h	285.61	−0.021%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0080%	8h	285.64	−0.011%	$885K	$82K	50x	as long as short
BloFin IWM-USDT	+0.0092%	8h	285.66	−0.004%	$65K	$33K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.72	+0.018%	$139K	$848K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0643%	8h	285.69	+0.007%	$297	$104K	10x	as long as short