Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Vest against Markets by Kinetiq−0.063%7-day average — · you buy dearer than you sell

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

Long on Markets by Kinetiq Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: 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: Vest is 0.063% cheaper against Markets by Kinetiq than usual: you would sell low and buy high, −$6 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	Markets by Kinetiq mkts:SMALL2000	285.55	0.0046	pay 0.0006% / 1h	37m 52s	$566K	$370K	20x
Short	Vest IWM-USD-PERP	285.37	0.0046	get 0.0006% / 1h	37m 52s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → 0.000%: −$6.3
Slippage, 4 orders: no order book: not counted
Fee Markets by Kinetiq: 0.81 bp × 2 orders: −$1.62
Fee Vest: 1 bp × 2 orders: −$2
Net: −$9.92
Costs to cover: 0.036%
Break-even: 18794.7 days

Slippage unknown: Markets by Kinetiq: live order book, 48 min ago; Vest: 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, 48 min ago	0.17 bp	1.0 bp −$1	37.2 bp −$372	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
BloFin IWM-USDT	−0.0006%	8h	285.89	+0.119%	$65K	$32K	20x	as long as short
Aster IWMUSDT	0.0000%	8h	285.62	+0.024%	$2K	$221	20x	as long as short
Binance IWMUSDT	0.0000%	8h	285.88	+0.116%	$1.0M	$1.1M	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.52	−0.011%	$553K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.67	+0.042%	$400K	$114K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.86	+0.109%	$611K	$156K	20x	as long as short
MEXC IWM_USDT	0.0000%	8h	285.75	+0.070%	$886K	$87K	50x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.75	+0.070%	$443K	$14K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.78	+0.082%	$153K	$201K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.70	+0.053%	$1K	$422K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IWM-USDT	0.0000%	8h	285.89	+0.119%	$586	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.89	+0.119%	$764K	$73K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.21	+0.231%	$75K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000long	+0.0046%	1h	285.55	long leg	$566K	$370K	20x
Vest IWM-USD-PERPshort	+0.0046%	1h	285.37	−0.063%	—	—	25x
KuCoin IWMUSDTM	+0.0100%	8h	285.94	+0.137%	$137K	$857K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0567%	8h	285.88	+0.116%	$292	$112K	10x	as long as short