IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Binance+0.014%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$575as in the Funding arb table

Net, price: spread back to 7d avg − costs−$588as in the Price arb table

costs, in and out, $10k−$5945.938% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 2 days (all we have)−0.025%−$3 · spread now +0.014%, 7d avg −0.044%

Together, before fees+0.167%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.058% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IWMUSDT	285.66	0.0076	pay 0.0076% / 8h	1h 29m	$1.1M	$1.2M	20x
Short	KuCoin IWMUSDTM	285.70	0.0100	get 0.0100% / 8h	1h 29m	$139K	$846K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $5.03
Price spread: +0.014% → −0.044%: $5.82
Slippage, 4 orders: −$571.8
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$582.94
Costs to cover: 5.938%
Break-even: 818.0 days

Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 69 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, 3 min ago	0.52 bp	14.1 bp −$14	63.9 bp −$639	doesn't fit	doesn't fit
Sell KuCoin live order book, 69 min ago	2.97 bp	297.0 bp −$297	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	285.53	−0.044%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.43	−0.081%	$557K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.32	−0.119%	$437K	$160K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.65	−0.004%	$608K	$160K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.70	+0.014%	$442K	$15K	20x	as long as short
SunX IWM-USDT	0.0000%	8h	285.29	−0.130%	$956	$455K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.70	+0.014%	$771	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.69	+0.011%	$765K	$81K	10x	as long as short
Variational Omni IWM	+0.0004%	8h	285.59	−0.026%	$160K	$207K	—	as long as short
Lighter IWM	+0.0032%	1h	286.08	+0.147%	$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	285.40	−0.091%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.41	−0.088%	—	—	25x	as long as short
MEXC IWM_USDT	+0.0076%	8h	285.66	0.000%	$885K	$83K	50x	as long as short
Binance IWMUSDTlong	+0.0076%	8h	285.66	long leg	$1.1M	$1.2M	20x
KuCoin IWMUSDTMshort	+0.0100%	8h	285.70	+0.014%	$139K	$846K	20x
BloFin IWM-USDT	+0.0106%	8h	285.68	+0.007%	$65K	$33K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0626%	8h	285.64	−0.006%	$1K	$104K	10x	as long as short