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: SunX against OKX+0.088%47s7-day average −0.047% · you sell dearer than you buy

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

Long on OKX Short on SunX

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)−0.081%−$8 · spread now +0.088%, 7d avg −0.047%

Together, before fees−0.081%−$8 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: SunX is 0.135% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.047%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IWM-USDT-SWAP	284.82	0	get 0.0000% / 8h	7h 43m	$437K	$158K	20x
Short	SunX IWM-USDT	285.07	0	get 0.0000% / 8h	7h 43m	$790	$461K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.047%: $13.48
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 52 min ago; SunX: live order book, 68 min ago. 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, 52 min ago	7.00 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 68 min ago	500.27 bp	doesn't fit	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	284.76	−0.022%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.70	−0.042%	$563K	$73K	25x	as long as short
OKX IWM-USDT-SWAPlong	0.0000%	8h	284.82	long leg	$437K	$158K	20x
Gate IWM_USDT	0.0000%	8h	284.89	+0.025%	$601K	$163K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.72	−0.035%	$440K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.92	+0.036%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	285.06	+0.084%	$687	$101K	10x	as long as short
SunX IWM-USDTshort	0.0000%	8h	285.07	+0.088%	$790	$461K	10x
HTX IWM-USDT	0.0000%	8h	284.85	+0.011%	$544	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	284.88	+0.021%	$764K	$84K	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	284.86	+0.014%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.56	−0.091%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.61	−0.074%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0063%	8h	285.00	+0.063%	$67K	$33K	20x	as long as short
Binance IWMUSDT	+0.0078%	8h	284.80	−0.007%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0079%	8h	284.79	−0.011%	$880K	$83K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	284.91	+0.032%	$141K	$910K	20x	as long as short