Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.014%

Price spread now: MEXC against Vest+0.088%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 MEXC

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 +$1 a day on $10k at the current rate, and MEXC is 0.088% dearer against Vest than usual: you sell high and buy low: +$9 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	285.47	0.0046	pay 0.0006% / 1h	18m 42s	—	—	25x
Short	MEXC IWM_USDT	285.72	0.0074	get 0.0074% / 8h	1h 18m	$885K	$84K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.088%Rate

Funding earned: $5.95
Price spread: +0.088% → 0.000%: $8.76
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee MEXC: 0 bp × 2 orders: $0
Net: $12.7
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; MEXC: live order book, 17 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 MEXC live order book, 17 min ago	0.17 bp	1.8 bp −$2	113.2 bp −$1,132	210.0 bp −$21.0K	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	285.57	+0.034%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.46	−0.004%	$557K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.32	−0.053%	$437K	$160K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.75	+0.098%	$608K	$161K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.68	+0.074%	$442K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.71	+0.084%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.44	−0.011%	$1K	$454K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.32	−0.053%	$688	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.71	+0.084%	$765K	$81K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.10	+0.221%	$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	285.42	−0.018%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERPlong	+0.0046%	1h	285.47	long leg	—	—	25x
Binance IWMUSDT	+0.0074%	8h	285.71	+0.084%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDTshort	+0.0074%	8h	285.72	+0.088%	$885K	$84K	50x
BloFin IWM-USDT	+0.0084%	8h	285.78	+0.109%	$67K	$33K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.69	+0.077%	$139K	$847K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0593%	8h	285.71	+0.084%	$557	$104K	10x	as long as short