Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: OKX against Vest+0.053%48s7-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 OKX

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. OKX is 0.053% dearer against Vest than usual: you sell high and buy low (spread +0.053% 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 3.8 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IWM-USD-PERP	284.76	0.0046	pay 0.0006% / 1h	21m 48s	—	$1K	25x
Short	OKX IWM-USDT-SWAP	284.91	0	get 0.0000% / 8h	7h 21m	$437K	$158K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$9.59
Price spread: +0.053% → 0.000%: $5.27
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$16.33
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: live order book, 9 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 OKX live order book, 9 min ago	5.62 bp	23.5 bp −$23	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	284.87	+0.038%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.82	+0.021%	$564K	$74K	25x	as long as short
OKX IWM-USDT-SWAPshort	0.0000%	8h	284.91	+0.053%	$437K	$158K	20x
Gate IWM_USDT	0.0000%	8h	285.04	+0.098%	$601K	$165K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.02	+0.091%	$441K	$16K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.68	−0.027%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	284.76	0.000%	$1K	$100K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	284.65	−0.039%	$771	$463K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.19	+0.151%	$739	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.04	+0.098%	$764K	$85K	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	285.26	+0.176%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.69	−0.025%	$563K	$360K	20x	as long as short
Vest IWM-USD-PERPlong	+0.0046%	1h	284.76	long leg	—	$1K	25x
MEXC IWM_USDT	+0.0060%	8h	284.99	+0.081%	$881K	$85K	50x	as long as short
Binance IWMUSDT	+0.0060%	8h	285.11	+0.124%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0066%	8h	284.86	+0.035%	$67K	$34K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	284.85	+0.032%	$141K	$935K	20x	as long as short