Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.069%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 2 days (all we have)−0.123%−$12 · spread now +0.069%, 7d avg +0.007%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.062% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IWM-USDT-SWAP	285.78	0	get 0.0000% / 8h	2h 51m	$401K	$117K	20x
Short	Binance IWMUSDT	285.98	0	get 0.0000% / 8h	2h 51m	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.007%: $6.23
Slippage, 4 orders: −$35.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.04
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from OKX: live order book, 59 min ago; Binance: live order book, 11 min ago.

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, 59 min ago	2.80 bp	12.8 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.70 bp	15.5 bp −$15	56.5 bp −$565	doesn't fit	doesn't fit

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	285.69	−0.033%	$2K	$221	20x	as long as short
Binance IWMUSDTshort	0.0000%	8h	285.98	+0.069%	$1.1M	$1.1M	20x
Bybit IWMUSDT	0.0000%	8h	285.55	−0.080%	$554K	$61K	25x	as long as short
OKX IWM-USDT-SWAPlong	0.0000%	8h	285.78	long leg	$401K	$117K	20x
Gate IWM_USDT	0.0000%	8h	285.91	+0.045%	$609K	$159K	20x	as long as short
MEXC IWM_USDT	0.0000%	8h	285.69	−0.031%	$885K	$81K	50x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.87	+0.031%	$443K	$14K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.91	+0.047%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.97	+0.066%	$1K	$467K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.83	+0.017%	$477	$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	285.96	+0.063%	$766K	$79K	10x	as long as short
BloFin IWM-USDT	+0.0029%	8h	285.98	+0.070%	$65K	$32K	20x	as long as short
Lighter IWM	+0.0032%	1h	285.75	−0.010%	$75K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.43	−0.122%	$566K	$371K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.43	−0.122%	—	—	25x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.91	+0.045%	$138K	$852K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0640%	8h	285.92	+0.049%	$286	$108K	10x	as long as short