Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Vest against KuCoin−0.140%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.140% cheaper against KuCoin than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IWMUSDTM	285.84	0.0100	pay 0.0100% / 8h	1h 52m	$138K	$848K	20x
Short	Vest IWM-USD-PERP	285.44	0.0046	get 0.0006% / 1h	52m 49s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against KuCoin. 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 KuCoinbpFee VestbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$11.41
Price spread: −0.140% → 0.000%: −$13.99
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$39.4
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 46 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 KuCoin live order book, 46 min ago	2.97 bp	271.3 bp −$271	doesn't fit	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
Aster IWMUSDT	0.0000%	8h	285.55	−0.100%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.50	−0.119%	$556K	$62K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.42	−0.147%	$400K	$121K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.71	−0.045%	$609K	$158K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.79	−0.017%	$443K	$15K	20x	as long as short
SunX IWM-USDT	0.0000%	8h	285.79	−0.017%	$1K	$455K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.70	−0.049%	$771	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.84	0.000%	$765K	$80K	10x	as long as short
Variational Omni IWM	+0.0015%	8h	285.77	−0.023%	$160K	$207K	—	as long as short
Lighter IWM	+0.0032%	1h	286.03	+0.066%	$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:SMALL2000	+0.0046%	1h	285.37	−0.164%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERPshort	+0.0046%	1h	285.44	−0.140%	—	—	25x
MEXC IWM_USDT	+0.0078%	8h	285.71	−0.045%	$885K	$81K	50x	as long as short
Binance IWMUSDT	+0.0078%	8h	285.82	−0.006%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0090%	8h	285.83	−0.003%	$65K	$33K	20x	as long as short
KuCoin IWMUSDTMlong	+0.0100%	8h	285.84	long leg	$138K	$848K	20x
GRVT IWM_USDT_Perp	+0.0686%	8h	285.86	+0.006%	$286	$106K	10x	as long as short