Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against OKX−0.161%7-day average — · you buy dearer than you sell

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

Long on OKX 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.161% cheaper against OKX than usual: you would sell low and buy high, −$16 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	OKX IWM-USDT-SWAP	286.45	0	get 0.0000% / 8h	6h 20m	$440K	$175K	20x
Short	Aster IWMUSDT	285.99	0	get 0.0000% / 8h	6h 20m	$2K	$221	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → 0.000%: −$16.11
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.11
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 28 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 OKX live order book, 28 min ago	1.92 bp	7.8 bp −$8	doesn't fit	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 exchanges

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	285.99	−0.161%	$2K	$221	20x
Bybit IWMUSDT	0.0000%	8h	285.93	−0.182%	$567K	$73K	25x	as long as short
OKX IWM-USDT-SWAPlong	0.0000%	8h	286.45	long leg	$440K	$175K	20x
Gate IWM_USDT	0.0000%	8h	286.08	−0.129%	$601K	$165K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	286.27	−0.063%	$445K	$17K	20x	as long as short
Variational Omni IWM	0.0000%	8h	286.19	−0.090%	$170K	$216K	—	as long as short
SunX IWM-USDT	0.0000%	8h	286.13	−0.112%	$890	$466K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	286.28	−0.059%	$570	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	286.21	−0.084%	$769K	$87K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.54	+0.031%	$75K	$19K	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.80	−0.227%	$526K	$381K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.89	−0.195%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0062%	8h	286.30	−0.052%	$67K	$35K	20x	as long as short
Binance IWMUSDT	+0.0075%	8h	286.15	−0.106%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0075%	8h	286.05	−0.140%	$884K	$85K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	286.02	−0.150%	$136K	$1.0M	20x	as long as short
GRVT IWM_USDT_Perp	+0.0150%	8h	286.19	−0.090%	$819	$105K	10x	as long as short