Funding arb · Price arb /

IWM

RWAall IWM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest−0.018%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on SunX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IWM-USD-PERP	285.49	0.0046	pay 0.0006% / 1h	12m 03s	—	—	25x
Short	SunX IWM-USDT	285.44	0	get 0.0000% / 8h	1h 12m	$1K	$453K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$9.59
Price spread: −0.018% → 0.000%: −$1.75
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.34
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; SunX: live order book, 49 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 SunX live order book, 49 min ago	500.15 bp	doesn't fit	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	285.60	+0.038%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.50	+0.004%	$557K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.32	−0.060%	$437K	$160K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.76	+0.095%	$608K	$161K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.68	+0.067%	$442K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.71	+0.075%	$160K	$207K	—	as long as short
SunX IWM-USDTshort	0.0000%	8h	285.44	−0.018%	$1K	$453K	10x
HTX IWM-USDT	0.0000%	8h	285.79	+0.105%	$674	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.79	+0.105%	$765K	$81K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.09	+0.210%	$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	285.43	−0.021%	$566K	$364K	20x	as long as short
Vest IWM-USD-PERPlong	+0.0046%	1h	285.49	long leg	—	—	25x
MEXC IWM_USDT	+0.0072%	8h	285.67	+0.063%	$885K	$84K	50x	as long as short
Binance IWMUSDT	+0.0073%	8h	285.82	+0.116%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0077%	8h	285.70	+0.074%	$67K	$33K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.71	+0.077%	$140K	$847K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0568%	8h	285.70	+0.074%	$540	$103K	10x	as long as short