Funding arb · Price arb /

IWM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Vest+0.144%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.144% dearer against Vest than usual: you sell high and buy low (spread +0.144% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IWM-USD-PERP	285.92	0.0046	pay 0.0006% / 1h	57m 59s	—	$1K	25x
Short	Variational Omni IWM	286.33	0	get 0.0000% / 8h	6h 57m	$170K	$217K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.144%Rate

Funding earned: −$9.59
Price spread: +0.144% → 0.000%: $14.41
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.82
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 36 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 Variational Omni RFQ quote, 36 min ago	2.67 bp	doesn't fit	92.7 bp −$927	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	286.02	+0.035%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.94	+0.007%	$568K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.68	−0.084%	$439K	$180K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	286.16	+0.084%	$602K	$162K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.97	+0.017%	$442K	$16K	20x	as long as short
Variational Omni IWMshort	0.0000%	8h	286.33	+0.144%	$170K	$217K	—
SunX IWM-USDT	0.0000%	8h	286.20	+0.098%	$913	$468K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	286.32	+0.140%	$544	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	286.24	+0.112%	$768K	$87K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.37	+0.157%	$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
Vest IWM-USD-PERPlong	+0.0046%	1h	285.92	long leg	—	$1K	25x
KuCoin IWMUSDTM	+0.0100%	8h	286.04	+0.042%	$167K	$982K	20x	as long as short
Binance IWMUSDT	+0.0118%	8h	286.07	+0.053%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0119%	8h	286.07	+0.052%	$884K	$83K	50x	as long as short
BloFin IWM-USDT	+0.0125%	8h	286.32	+0.140%	$67K	$34K	20x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0134%	1h	285.96	+0.014%	$526K	$381K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0542%	8h	286.36	+0.154%	$988	$104K	10x	as long as short