Funding arb · Price arb /

IWM

RWAall IWM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.009%

Price spread now: Aster against Markets by Kinetiq+0.060%7-day average — · you sell dearer than you buy

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

Long on Markets by Kinetiq Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.060% dearer against Markets by Kinetiq than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Markets by Kinetiq mkts:SMALL2000	285.40	0.0046	pay 0.0006% / 1h	51m 14s	$566K	$363K	20x
Short	Aster IWMUSDT	285.57	0	get 0.0000% / 8h	1h 51m	$2K	$221	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Markets by Kinetiq. 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 Markets by KinetiqbpFee AsterbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$9.59
Price spread: +0.060% → 0.000%: $5.97
Slippage, 4 orders: no order book: not counted
Fee Markets by Kinetiq: 0.81 bp × 2 orders: −$1.62
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.24
Costs to cover: 0.096%
Break-even: never at this rate

Slippage unknown: Markets by Kinetiq: live order book, 15 min ago; Aster: 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 Markets by Kinetiq live order book, 15 min ago	0.88 bp	6.0 bp −$6	42.4 bp −$424	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 IWMUSDTshort	0.0000%	8h	285.57	+0.060%	$2K	$221	20x
Bybit IWMUSDT	0.0000%	8h	285.51	+0.039%	$556K	$62K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.42	+0.007%	$400K	$121K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.73	+0.116%	$609K	$158K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.78	+0.133%	$443K	$15K	20x	as long as short
SunX IWM-USDT	0.0000%	8h	285.79	+0.137%	$1K	$454K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.70	+0.105%	$791	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.80	+0.140%	$765K	$80K	10x	as long as short
Variational Omni IWM	+0.0015%	8h	285.77	+0.131%	$160K	$207K	—	as long as short
Lighter IWM	+0.0032%	1h	286.08	+0.238%	$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
Markets by Kinetiq mkts:SMALL2000long	+0.0046%	1h	285.40	long leg	$566K	$363K	20x
Vest IWM-USD-PERP	+0.0046%	1h	285.47	+0.025%	—	—	25x	as long as short
MEXC IWM_USDT	+0.0079%	8h	285.70	+0.105%	$885K	$81K	50x	as long as short
Binance IWMUSDT	+0.0079%	8h	285.74	+0.119%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0088%	8h	285.82	+0.147%	$65K	$33K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.85	+0.158%	$138K	$847K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0685%	8h	285.74	+0.118%	$286	$105K	10x	as long as short