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: Variational Omni against HTX+0.047%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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.047% dearer against HTX than usual: you sell high and buy low, +$5 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	285.78	0	get 0.0000% / 8h	2h 16m	$749	$37K	20x
Short	Variational Omni IWM	285.91	0	get 0.0000% / 8h	2h 16m	$160K	$207K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → 0.000%: $4.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.28
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Variational Omni: RFQ quote, 33 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 Variational Omni RFQ quote, 33 min ago	2.36 bp	doesn't fit	79.3 bp −$793	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	285.71	−0.024%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.53	−0.087%	$556K	$62K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.68	−0.035%	$400K	$120K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.92	+0.049%	$610K	$162K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.81	+0.010%	$443K	$15K	20x	as long as short
Variational Omni IWMshort	0.0000%	8h	285.91	+0.047%	$160K	$207K	—
SunX IWM-USDT	0.0000%	8h	286.02	+0.084%	$1K	$459K	10x	as long as short
HTX IWM-USDTlong	0.0000%	8h	285.78	long leg	$749	$37K	20x
Phemex IWMUSDT	0.0000%	8h	285.95	+0.059%	$766K	$80K	10x	as long as short
Lighter IWM	+0.0032%	1h	285.75	−0.010%	$75K	$19K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IWM-USDT	+0.0034%	8h	285.93	+0.052%	$65K	$32K	20x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.40	−0.133%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.46	−0.112%	—	—	25x	as long as short
MEXC IWM_USDT	+0.0057%	8h	285.80	+0.007%	$886K	$83K	50x	as long as short
Binance IWMUSDT	+0.0058%	8h	285.95	+0.059%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.95	+0.059%	$138K	$851K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0684%	8h	285.93	+0.052%	$292	$107K	10x	as long as short