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: Gate against OKX+0.007%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2542.536% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.007%, 7d avg −0.073%

Together, before fees−0.155%−$16 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: Gate is 0.080% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IWM-USDT-SWAP	284.96	0	get 0.0000% / 8h	7h 48m	$437K	$158K	20x
Short	Gate IWM_USDT	284.98	0	get 0.0000% / 8h	7h 48m	$601K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.073%: $8.05
Slippage, 4 orders: −$228.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$245.57
Costs to cover: 2.536%
Break-even: never at this rate

Slippage from OKX: live order book, 47 min ago; Gate: live order book, 48 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, 47 min ago	7.00 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 48 min ago	7.70 bp	206.9 bp −$207	doesn't fit	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	284.86	−0.036%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.77	−0.067%	$560K	$70K	25x	as long as short
OKX IWM-USDT-SWAPlong	0.0000%	8h	284.96	long leg	$437K	$158K	20x
Gate IWM_USDTshort	0.0000%	8h	284.98	+0.007%	$601K	$160K	20x
Bitget IWMUSDT	0.0000%	8h	284.90	−0.021%	$441K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.97	+0.003%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	285.07	+0.039%	$485	$102K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	284.94	−0.007%	$667	$461K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.48	−0.168%	$541	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.04	+0.028%	$764K	$83K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IWM	+0.0032%	1h	285.36	+0.140%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.69	−0.095%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.72	−0.084%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0069%	8h	284.99	+0.011%	$67K	$33K	20x	as long as short
MEXC IWM_USDT	+0.0083%	8h	284.92	−0.014%	$880K	$83K	50x	as long as short
Binance IWMUSDT	+0.0083%	8h	284.88	−0.028%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.04	+0.028%	$141K	$910K	20x	as long as short