Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h −0.016%

Price spread now: BloFin against Vest+0.158%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.158% dearer against Vest than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IWM-USD-PERP	285.60	0.0046	pay 0.0006% / 1h	2m 23s	—	—	25x
Short	BloFin IWM-USDT	286.05	0.0059	get 0.0059% / 8h	2h 02m	$64K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.158%Rate

Funding earned: $2.78
Price spread: +0.158% → 0.000%: $15.76
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.54
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; BloFin: 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 BloFin no order-book sample	—	—	—	—	—

Vest and BloFin: 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	+0.065%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.64	+0.014%	$557K	$62K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.74	+0.049%	$400K	$120K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.95	+0.123%	$610K	$163K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.81	+0.074%	$443K	$15K	20x	as long as short
SunX IWM-USDT	0.0000%	8h	286.03	+0.151%	$1K	$458K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	286.06	+0.161%	$712	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	286.01	+0.144%	$766K	$80K	10x	as long as short
Variational Omni IWM	+0.0007%	8h	285.97	+0.131%	$160K	$207K	—	as long as short
Lighter IWM	+0.0032%	1h	285.88	+0.098%	$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	−0.056%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERPlong	+0.0046%	1h	285.60	long leg	—	—	25x
BloFin IWM-USDTshort	+0.0059%	8h	286.05	+0.158%	$64K	$33K	20x
MEXC IWM_USDT	+0.0077%	8h	285.79	+0.067%	$886K	$84K	50x	as long as short
Binance IWMUSDT	+0.0078%	8h	286.02	+0.147%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	286.02	+0.147%	$139K	$849K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0694%	8h	285.99	+0.136%	$286	$107K	10x	as long as short