Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Aster against Vest+0.049%7-day average — · you sell dearer than you buy

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

Long on Vest 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 airdropVest: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.049% dearer against Vest than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IWM-USD-PERP	285.42	0.0046	pay 0.0006% / 1h	38m 07s	—	—	25x
Short	Aster IWMUSDT	285.56	0	get 0.0000% / 8h	38m 07s	$2K	$221	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$9.59
Price spread: +0.049% → 0.000%: $4.94
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.65
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Vest and 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 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
Markets by Kinetiq mkts:SMALL2000	−0.0059%	1h	285.30	−0.042%	$566K	$358K	20x	as long as short
Aster IWMUSDTshort	0.0000%	8h	285.56	+0.049%	$2K	$221	20x
Bybit IWMUSDT	0.0000%	8h	285.47	+0.018%	$557K	$61K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.76	+0.119%	$438K	$159K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.73	+0.109%	$607K	$158K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.67	+0.088%	$442K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.72	+0.107%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.38	−0.014%	$1K	$455K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.54	+0.042%	$408	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.72	+0.105%	$765K	$81K	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	286.19	+0.270%	$75K	$19K	10x	as long as short
Vest IWM-USD-PERPlong	+0.0046%	1h	285.42	long leg	—	—	25x
Binance IWMUSDT	+0.0067%	8h	285.70	+0.099%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0068%	8h	285.66	+0.084%	$883K	$84K	50x	as long as short
BloFin IWM-USDT	+0.0088%	8h	285.72	+0.105%	$67K	$33K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.73	+0.109%	$141K	$868K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0487%	8h	285.75	+0.115%	$952	$102K	10x	as long as short