Funding arb · Price arb /

IWM

RWAall IWM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: HTX against Vest+0.251%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 HTX

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 · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.251% dearer against Vest than usual: you sell high and buy low (spread +0.251% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IWM-USD-PERP	287.03	0.0046	pay 0.0006% / 1h	45m 46s	—	$1K	25x
Short	HTX IWM-USDT	287.75	0	get 0.0000% / 8h	5h 45m	$532	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.251%Rate

Funding earned: −$9.59
Price spread: +0.251% → 0.000%: $25.08
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee HTX: 6 bp × 2 orders: −$12
Net: $1.49
Costs to cover: 0.140%
Break-even: from the start

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

Vest and HTX: 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
Aster IWMUSDT	0.0000%	8h	287.23	+0.069%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	287.10	+0.024%	$569K	$76K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	287.09	+0.021%	$402K	$214K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	287.06	+0.010%	$603K	$158K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	287.25	+0.077%	$446K	$18K	20x	as long as short
Variational Omni IWM	0.0000%	8h	287.36	+0.116%	$171K	$216K	—	as long as short
SunX IWM-USDT	0.0000%	8h	287.36	+0.115%	$957	$465K	10x	as long as short
HTX IWM-USDTshort	0.0000%	8h	287.75	+0.251%	$532	$38K	20x
Phemex IWMUSDT	0.0000%	8h	287.38	+0.122%	$772K	$88K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0006%	1h	286.93	−0.035%	$528K	$378K	20x	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	287.34	+0.108%	$75K	$3K	10x	as long as short
Vest IWM-USD-PERPlong	+0.0046%	1h	287.03	long leg	—	$1K	25x
Binance IWMUSDT	+0.0053%	8h	287.34	+0.108%	$1.1M	$1.3M	20x	as long as short
MEXC IWM_USDT	+0.0054%	8h	287.25	+0.077%	$888K	$83K	50x	as long as short
BloFin IWM-USDT	+0.0061%	8h	287.39	+0.125%	$19K	$36K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	287.27	+0.084%	$138K	$1.1M	20x	as long as short
GRVT IWM_USDT_Perp	+0.0108%	8h	287.37	+0.118%	$638	$106K	10x	as long as short