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: Aster against Variational Omni+0.018%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IWM	286.92	0	get 0.0000% / 8h	5h 58m	$171K	$216K	—
Short	Aster IWMUSDT	286.97	0	get 0.0000% / 8h	5h 58m	$2K	$221	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → 0.000%: $1.82
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$6.18
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 53 min ago; Aster: 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 Variational Omni RFQ quote, 53 min ago	3.22 bp	doesn't fit	83.4 bp −$834	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 exchanges

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
Markets by Kinetiq mkts:SMALL2000	−0.0150%	1h	286.79	−0.044%	$528K	$384K	20x	as long as short
Aster IWMUSDTshort	0.0000%	8h	286.97	+0.018%	$2K	$221	20x
Bybit IWMUSDT	0.0000%	8h	286.91	−0.003%	$569K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	286.87	−0.017%	$401K	$213K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	286.99	+0.025%	$603K	$157K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	287.04	+0.043%	$446K	$17K	20x	as long as short
Variational Omni IWMlong	0.0000%	8h	286.92	long leg	$171K	$216K	—
SunX IWM-USDT	0.0000%	8h	287.03	+0.039%	$976	$465K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	287.38	+0.161%	$517	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	287.12	+0.071%	$771K	$88K	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IWM	+0.0032%	1h	287.24	+0.112%	$75K	$3K	10x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	286.80	−0.041%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0049%	8h	287.11	+0.067%	$19K	$36K	20x	as long as short
Binance IWMUSDT	+0.0060%	8h	287.13	+0.074%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0062%	8h	287.08	+0.057%	$887K	$83K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	286.92	+0.001%	$137K	$1.0M	20x	as long as short
GRVT IWM_USDT_Perp	+0.0154%	8h	286.88	−0.012%	$858	$104K	10x	as long as short