Funding arb · Price arb /

IWM

RWAall IWM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0139%/8h= +15.3% APRpaid last 24h −0.009%

Price spread now: HTX against Markets by Kinetiq+0.182%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 HTX

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.182% dearer against Markets by Kinetiq than usual: you sell high and buy low: +$18 more if the spread 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	Markets by Kinetiq mkts:SMALL2000	285.42	−0.0139	get 0.0017% / 1h	56m 58s	$566K	$358K	20x
Short	HTX IWM-USDT	285.94	0	get 0.0000% / 8h	56m 58s	$478	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.182%Rate

Funding earned: $29.29
Price spread: +0.182% → 0.000%: $18.22
Slippage, 4 orders: no order book: not counted
Fee Markets by Kinetiq: 0.81 bp × 2 orders: −$1.62
Fee HTX: 6 bp × 2 orders: −$12
Net: $33.89
Costs to cover: 0.136%
Break-even: from the start

Slippage unknown: Markets by Kinetiq: live order book, 69 min ago; HTX: 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, 69 min ago	0.88 bp	6.0 bp −$6	42.4 bp −$424	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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
Markets by Kinetiq mkts:SMALL2000long	−0.0139%	1h	285.42	long leg	$566K	$358K	20x
Aster IWMUSDT	0.0000%	8h	285.76	+0.120%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.55	+0.046%	$557K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.32	−0.035%	$437K	$160K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.73	+0.109%	$608K	$157K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.73	+0.109%	$442K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.78	+0.126%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.49	+0.025%	$1K	$453K	10x	as long as short
HTX IWM-USDTshort	0.0000%	8h	285.94	+0.182%	$478	$37K	20x
Phemex IWMUSDT	0.0000%	8h	285.82	+0.140%	$766K	$81K	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	286.32	+0.315%	$75K	$19K	10x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.57	+0.053%	—	—	25x	as long as short
BloFin IWM-USDT	+0.0063%	8h	285.82	+0.140%	$67K	$33K	20x	as long as short
MEXC IWM_USDT	+0.0076%	8h	285.80	+0.133%	$883K	$83K	50x	as long as short
Binance IWMUSDT	+0.0076%	8h	285.79	+0.130%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.81	+0.137%	$141K	$855K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0547%	8h	285.80	+0.133%	$1K	$104K	10x	as long as short