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: HTX against SunX+0.010%7-day average — · you sell dearer than you buy

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

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IWM-USDT	286.03	0	get 0.0000% / 8h	2h 02m	$1K	$458K	10x
Short	HTX IWM-USDT	286.06	0	get 0.0000% / 8h	2h 02m	$712	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → 0.000%: $1.05
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.95
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 69 min ago; HTX: 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 SunX live order book, 69 min ago	244.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 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	285.79	−0.085%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.64	−0.136%	$557K	$62K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.74	−0.101%	$400K	$120K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.95	−0.028%	$610K	$163K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.81	−0.077%	$443K	$15K	20x	as long as short
SunX IWM-USDTlong	0.0000%	8h	286.03	long leg	$1K	$458K	10x
HTX IWM-USDTshort	0.0000%	8h	286.06	+0.010%	$712	$37K	20x
Phemex IWMUSDT	0.0000%	8h	286.01	−0.007%	$766K	$80K	10x	as long as short
Variational Omni IWM	+0.0007%	8h	285.97	−0.019%	$160K	$207K	—	as long as short
Lighter IWM	+0.0032%	1h	285.88	−0.052%	$75K	$19K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.44	−0.206%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.60	−0.150%	—	—	25x	as long as short
BloFin IWM-USDT	+0.0059%	8h	286.05	+0.007%	$64K	$33K	20x	as long as short
MEXC IWM_USDT	+0.0077%	8h	285.79	−0.084%	$886K	$84K	50x	as long as short
Binance IWMUSDT	+0.0078%	8h	286.02	−0.003%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	286.02	−0.003%	$139K	$849K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0694%	8h	285.99	−0.014%	$286	$107K	10x	as long as short