Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against MEXC−0.102%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 pays, the price is against you. Vest is 0.102% cheaper against MEXC than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 7.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IWM_USDT	285.60	0	get 0.0000% / 8h	4h 39m	$885K	$86K	50x
Short	Vest IWM-USD-PERP	285.31	0.0046	get 0.0006% / 1h	39m 16s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against MEXC. 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 MEXCbpFee VestbpOrdersPrice spread, now −0.102%Rate

Funding earned: $9.59
Price spread: −0.102% → 0.000%: −$10.15
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$2.56
Costs to cover: 0.020%
Break-even: 8.9 days

Slippage unknown: MEXC: live order book, 11 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 MEXC live order book, 11 min ago	5.60 bp	10.9 bp −$11	179.6 bp −$1,796	224.2 bp −$22.4K	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	−0.018%	$2K	$221	20x	as long as short
Binance IWMUSDT	0.0000%	8h	285.77	+0.059%	$1.0M	$1.0M	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.46	−0.049%	$549K	$58K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.91	+0.109%	$400K	$114K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.75	+0.053%	$611K	$157K	20x	as long as short
MEXC IWM_USDTlong	0.0000%	8h	285.60	long leg	$885K	$86K	50x
Bitget IWMUSDT	0.0000%	8h	285.72	+0.042%	$443K	$14K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.77	+0.060%	$153K	$203K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.59	−0.004%	$1K	$401K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.57	−0.011%	$494	$37K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex IWMUSDT	0.0000%	8h	285.81	+0.074%	$764K	$71K	10x	as long as short
BloFin IWM-USDT	+0.0022%	8h	285.80	+0.070%	$65K	$32K	20x	as long as short
Lighter IWM	+0.0032%	1h	285.93	+0.116%	$75K	$18K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.56	−0.014%	$566K	$403K	20x	as long as short
Vest IWM-USD-PERPshort	+0.0046%	1h	285.31	−0.102%	—	—	25x
KuCoin IWMUSDTM	+0.0100%	8h	285.89	+0.102%	$138K	$862K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0501%	8h	285.85	+0.089%	$300	$118K	10x	as long as short