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: OKX against SunX−0.101%57s7-day average +0.049% · you buy dearer than you sell

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

Long on SunX Short on OKX

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)+0.106%+$11 · spread now −0.101%, 7d avg +0.049%

Together, before fees+0.106%+$11 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: OKX is 0.151% cheaper against SunX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.049%. The two prices were read 57 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	SunX IWM-USDT	286.03	0	get 0.0000% / 8h	2h 02m	$1K	$458K	10x
Short	OKX IWM-USDT-SWAP	285.74	0	get 0.0000% / 8h	2h 02m	$400K	$120K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → +0.049%: −$15.07
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.07
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 68 min ago; OKX: live order book, 43 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, 68 min ago	244.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 43 min ago	2.10 bp	28.8 bp −$29	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	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-SWAPshort	0.0000%	8h	285.74	−0.101%	$400K	$120K	20x
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-USDT	0.0000%	8h	286.06	+0.010%	$712	$37K	20x	as long as short
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