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: Bitget against SunX+0.172%7-day average +0.079% · you sell dearer than you buy

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

Long on SunX Short on Bitget

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)−0.060%−$6 · spread now +0.172%, 7d avg +0.079%

Together, before fees−0.060%−$6 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: Bitget is 0.093% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IWM-USDT	284.65	0	get 0.0000% / 8h	7h 19m	$771	$463K	10x
Short	Bitget IWMUSDT	285.14	0	get 0.0000% / 8h	7h 19m	$441K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.172%Rate

Funding earned: $0
Price spread: +0.172% → +0.079%: $9.26
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$10.74
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 22 min ago; Bitget: live order book, 6 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 SunX live order book, 22 min ago	500.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	9.13 bp	30.2 bp −$30	43.5 bp −$435	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	285.00	+0.125%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.95	+0.105%	$564K	$74K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.20	+0.193%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.10	+0.158%	$601K	$166K	20x	as long as short
Bitget IWMUSDTshort	0.0000%	8h	285.14	+0.172%	$441K	$16K	20x
Variational Omni IWM	0.0000%	8h	285.08	+0.151%	$169K	$217K	—	as long as short
SunX IWM-USDTlong	0.0000%	8h	284.65	long leg	$771	$463K	10x
HTX IWM-USDT	0.0000%	8h	285.19	+0.190%	$730	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.06	+0.144%	$764K	$85K	10x	as long as short
GRVT IWM_USDT_Perp	+0.0016%	8h	285.06	+0.146%	$408	$101K	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	285.07	+0.148%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.92	+0.095%	$564K	$360K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.88	+0.081%	—	$1K	25x	as long as short
MEXC IWM_USDT	+0.0060%	8h	285.12	+0.165%	$881K	$85K	50x	as long as short
Binance IWMUSDT	+0.0061%	8h	285.23	+0.204%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0079%	8h	285.08	+0.151%	$67K	$34K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.03	+0.133%	$142K	$938K	20x	as long as short