Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: KuCoin against Vest+0.140%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 KuCoin

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 +$2 a day on $10k at the current rate, and KuCoin is 0.140% dearer against Vest than usual: you sell high and buy low: +$14 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	285.44	0.0046	pay 0.0006% / 1h	52m 50s	—	—	25x
Short	KuCoin IWMUSDTM	285.84	0.0100	get 0.0100% / 8h	1h 52m	$138K	$848K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.140%Rate

Funding earned: $11.41
Price spread: +0.140% → 0.000%: $14.01
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $11.42
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 46 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 Vest no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 46 min ago	2.97 bp	297.0 bp −$297	doesn't fit	doesn't fit	doesn't fit

Vest: 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	285.55	+0.040%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.50	+0.021%	$556K	$62K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.42	−0.007%	$400K	$121K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.71	+0.095%	$609K	$158K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.79	+0.123%	$443K	$15K	20x	as long as short
SunX IWM-USDT	0.0000%	8h	285.79	+0.123%	$1K	$455K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.70	+0.091%	$771	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.84	+0.140%	$765K	$80K	10x	as long as short
Variational Omni IWM	+0.0015%	8h	285.77	+0.117%	$160K	$207K	—	as long as short
Lighter IWM	+0.0032%	1h	286.03	+0.207%	$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	285.37	−0.025%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERPlong	+0.0046%	1h	285.44	long leg	—	—	25x
MEXC IWM_USDT	+0.0078%	8h	285.71	+0.095%	$885K	$81K	50x	as long as short
Binance IWMUSDT	+0.0078%	8h	285.82	+0.134%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0090%	8h	285.83	+0.137%	$65K	$33K	20x	as long as short
KuCoin IWMUSDTMshort	+0.0100%	8h	285.84	+0.140%	$138K	$848K	20x
GRVT IWM_USDT_Perp	+0.0686%	8h	285.86	+0.147%	$286	$106K	10x	as long as short