Settings8H · net · $10k
Funding arb · Price arb /

IWM

RWAall IWM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0079%/8h= −8.6% APRnext payment $0.79 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.091%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1051.054% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.025%−$2 on $10k
Price spread, last 2 days (all we have)+0.047%+$5 · spread now −0.091%, 7d avg −0.092%
Together, before fees+0.022%+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.092%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance IWMUSDT285.620.0079pay 0.0079% / 8h1h 34m$1.1M$1.2M20x
ShortBybit IWMUSDT285.360get 0.0000% / 8h1h 34m$557K$60K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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

Funding earned
−$16.52
Price spread: −0.091% → −0.092%
$0.1
Slippage, 4 orders
−$84.35
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$121.78
Costs to cover
1.054%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago0.17 bp15.1 bp −$1555.5 bp −$555doesn't fitdoesn't fit
Sell Bybit live order book, just now4.73 bp43.0 bp −$43doesn't fitdoesn't fitdoesn't fit

IWM on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IWMUSDT0.0000%8h285.52−0.036%$2K$22120xas long as short
Bybit IWMUSDTshort0.0000%8h285.36−0.091%$557K$60K25x
OKX IWM-USDT-SWAP0.0000%8h285.32−0.105%$437K$160K20xas long as short
Gate IWM_USDT0.0000%8h285.620.000%$608K$160K20xas long as short
Bitget IWMUSDT0.0000%8h285.56−0.021%$442K$15K20xas long as short
SunX IWM-USDT0.0000%8h285.39−0.081%$908$455K10xas long as short
HTX IWM-USDT0.0000%8h285.29−0.116%$702$37K20xas long as short
Phemex IWMUSDT0.0000%8h285.63+0.004%$765K$81K10xas long as short
Variational Omni IWM+0.0011%8h285.59−0.010%$160K$207Kas long as short
Lighter IWM+0.0032%1h286.09+0.165%$75K$19K10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Markets by Kinetiq mkts:SMALL2000+0.0040%1h285.41−0.074%$566K$363K20xas long as short
Vest IWM-USD-PERP+0.0046%1h285.40−0.077%25xas long as short
BloFin IWM-USDT+0.0058%8h285.63+0.004%$65K$33K20xas long as short
Binance IWMUSDTlong+0.0079%8h285.62long leg$1.1M$1.2M20x
MEXC IWM_USDT+0.0080%8h285.63+0.004%$885K$82K50xas long as short
KuCoin IWMUSDTM+0.0100%8h285.71+0.032%$139K$848K20xas long as short
GRVT IWM_USDT_Perp+0.0643%8h285.69+0.025%$297$104K10xas long as short