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: Gate against Variational Omni+0.100%7-day average −0.061% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.100%, 7d avg −0.061%

Together, before fees−0.110%+ Points / potential airdropVariational Omni: Active · farm board−$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: Gate is 0.161% dearer against Variational Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IWM	284.68	0	get 0.0000% / 8h	7h 22m	$169K	$217K	—
Short	Gate IWM_USDT	284.97	0	get 0.0000% / 8h	7h 22m	$601K	$165K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → −0.061%: $16.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $1.09
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 12 min ago; Gate: live order book, 9 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 Variational Omni RFQ quote, 12 min ago	2.67 bp	doesn't fit	109.2 bp −$1,092	doesn't fit	doesn't fit
Sell Gate live order book, 9 min ago	8.26 bp	44.1 bp −$44	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	284.84	+0.054%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.82	+0.048%	$564K	$74K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.91	+0.079%	$437K	$158K	20x	as long as short
Gate IWM_USDTshort	0.0000%	8h	284.97	+0.100%	$601K	$165K	20x
Bitget IWMUSDT	0.0000%	8h	285.05	+0.128%	$441K	$16K	20x	as long as short
Variational Omni IWMlong	0.0000%	8h	284.68	long leg	$169K	$217K	—
GRVT IWM_USDT_Perp	0.0000%	8h	284.76	+0.027%	$1K	$100K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	284.65	−0.012%	$771	$463K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.80	+0.041%	$738	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.04	+0.125%	$764K	$85K	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	285.21	+0.185%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.71	+0.009%	$564K	$359K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.76	+0.027%	—	$1K	25x	as long as short
Binance IWMUSDT	+0.0060%	8h	285.05	+0.129%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0060%	8h	284.96	+0.097%	$880K	$85K	50x	as long as short
BloFin IWM-USDT	+0.0066%	8h	284.86	+0.062%	$67K	$34K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	284.84	+0.055%	$141K	$935K	20x	as long as short