Funding you earn now, next payment 07:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h +0.009%
Price spread now: Markets by Kinetiq against Binance−0.070%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 2 days (all we have)−0.146%−$15 · spread now −0.070%, 7d avg −0.099%
=The price spread pays, funding is against you. Markets by Kinetiq is 0.029% dearer against Binance than usual: you sell high and buy low (spread −0.070% now, against its 7-day average of −0.099%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours. Mind the row above: over the last 7 days funding on this pair paid +0.166%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IWMUSDT | 285.61 | 0.0082 | pay 0.0082% / 8h | 1h 37m | $1.1M | $1.2M | 20x |
| Short | Markets by Kinetiq mkts:SMALL2000 | 285.41 | 0.0010 | get 0.0001% / 1h | 37m 45s | $566K | $363K | 20x |
Binance IWMUSDT
Markets by Kinetiq mkts:SMALL2000Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.93
- Price spread: −0.070% → −0.099%
- $2.88
- Slippage, 4 orders
- −$26.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$50.06
- Costs to cover
- 0.380%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Markets by Kinetiq: live order book, 28 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, 10 min ago | 0.17 bp | 15.1 bp −$15 | 55.5 bp −$555 | doesn't fit | doesn't fit |
| Sell Markets by Kinetiq live order book, 28 min ago | 0.88 bp | 4.0 bp −$4 | 63.8 bp −$638 | 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 | 285.58 | −0.010% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.49 | −0.042% | $557K | $60K | 25x | as long as short |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 285.32 | −0.102% | $426K | $156K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 285.64 | +0.011% | $608K | $160K | 20x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 285.76 | +0.053% | $442K | $15K | 20x | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 285.71 | +0.035% | $1K | $455K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 286.31 | +0.245% | $696 | $37K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 285.70 | +0.032% | $765K | $80K | 10x | as long as short |
| Markets by Kinetiq mkts:SMALL2000short | +0.0010% | 1h | 285.41 | −0.070% | $566K | $363K | 20x | |
| Variational Omni IWM | +0.0017% | 8h | 285.91 | +0.105% | $160K | $207K | — | as long as short |
Aster IWMUSDT
Bybit IWMUSDT
OKX IWM-USDT-SWAP
Gate IWM_USDT
Bitget IWMUSDT
SunX IWM-USDT
HTX IWM-USDT
Phemex IWMUSDT
Variational Omni IWMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter IWM | +0.0032% | 1h | 286.09 | +0.168% | $75K | $19K | 10x | as long as short |
| Vest IWM-USD-PERP | +0.0046% | 1h | 285.42 | −0.067% | — | — | 25x | as long as short |
| Binance IWMUSDTlong | +0.0082% | 8h | 285.61 | long leg | $1.1M | $1.2M | 20x | |
| MEXC IWM_USDT | +0.0082% | 8h | 285.65 | +0.014% | $885K | $82K | 50x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 285.73 | +0.042% | $138K | $847K | 20x | as long as short |
| BloFin IWM-USDT | +0.0108% | 8h | 285.94 | +0.116% | $65K | $33K | 20x | as long as short |
| GRVT IWM_USDT_Perp | +0.0655% | 8h | 285.88 | +0.095% | $286 | $105K | 10x | as long as short |
Lighter IWM
Vest IWM-USD-PERP
MEXC IWM_USDT
KuCoin IWMUSDTM
BloFin IWM-USDT
GRVT IWM_USDT_Perp