IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.83 per $10,000 · paid last 24h +0.036%

Price spread now: GRVT against Binance+0.025%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 2 days (all we have)−0.025%−$2 · spread now +0.025%, 7d avg −0.002%

Together, before fees+0.018%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.027% dearer against Binance than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.002%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IWMUSDT	285.00	0.0083	pay 0.0083% / 8h	7h 48m	$1.1M	$1.2M	20x
Short	GRVT IWM_USDT_Perp	285.07	0	get 0.0000% / 8h	7h 48m	$485	$102K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee BinancebpFee GRVTbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$17.52
Price spread: +0.025% → −0.002%: $2.65
Slippage, 4 orders: −$30.99
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$64.86
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; GRVT: live order book, 43 min ago.

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 Binance live order book, 14 min ago	0.17 bp	13.1 bp −$13	49.6 bp −$496	doesn't fit	doesn't fit
Sell GRVT live order book, 43 min ago	1.92 bp	17.7 bp −$18	doesn't fit	doesn't fit	doesn't fit

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	284.86	−0.048%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.77	−0.081%	$560K	$70K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.96	−0.014%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.02	+0.007%	$603K	$160K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.93	−0.025%	$441K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.97	−0.011%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perpshort	0.0000%	8h	285.07	+0.025%	$485	$102K	10x
SunX IWM-USDT	0.0000%	8h	284.94	−0.021%	$667	$461K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.48	−0.182%	$541	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.04	+0.014%	$764K	$83K	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	285.39	+0.137%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.67	−0.116%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.73	−0.095%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0069%	8h	284.99	−0.004%	$67K	$33K	20x	as long as short
MEXC IWM_USDT	+0.0083%	8h	284.92	−0.028%	$880K	$83K	50x	as long as short
Binance IWMUSDTlong	+0.0083%	8h	285.00	long leg	$1.1M	$1.2M	20x
KuCoin IWMUSDTM	+0.0100%	8h	285.05	+0.018%	$141K	$910K	20x	as long as short