IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.78 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance−0.098%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$620.622% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 2 days (all we have)+0.131%+$13 · spread now −0.098%, 7d avg −0.009%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.089% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IWMUSDT	286.02	0.0078	pay 0.0078% / 8h	2h 02m	$1.1M	$1.2M	20x
Short	OKX IWM-USDT-SWAP	285.74	0	get 0.0000% / 8h	2h 02m	$400K	$120K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$16.41
Price spread: −0.098% → −0.009%: −$8.85
Slippage, 4 orders: −$42.17
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87.44
Costs to cover: 0.622%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; OKX: 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, 15 min ago	0.17 bp	9.5 bp −$10	48.1 bp −$481	doesn't fit	doesn't fit
Sell OKX live order book, 43 min ago	2.10 bp	28.8 bp −$29	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	285.79	−0.081%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.64	−0.133%	$557K	$62K	25x	as long as short
OKX IWM-USDT-SWAPshort	0.0000%	8h	285.74	−0.098%	$400K	$120K	20x
Gate IWM_USDT	0.0000%	8h	285.95	−0.024%	$610K	$163K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.81	−0.073%	$443K	$15K	20x	as long as short
SunX IWM-USDT	0.0000%	8h	286.03	+0.003%	$1K	$458K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	286.06	+0.014%	$712	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	286.01	−0.003%	$766K	$80K	10x	as long as short
Variational Omni IWM	+0.0007%	8h	285.97	−0.016%	$160K	$207K	—	as long as short
Lighter IWM	+0.0032%	1h	285.88	−0.049%	$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	285.44	−0.203%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.60	−0.147%	—	—	25x	as long as short
BloFin IWM-USDT	+0.0059%	8h	286.05	+0.010%	$64K	$33K	20x	as long as short
MEXC IWM_USDT	+0.0077%	8h	285.79	−0.080%	$886K	$84K	50x	as long as short
Binance IWMUSDTlong	+0.0078%	8h	286.02	long leg	$1.1M	$1.2M	20x
KuCoin IWMUSDTM	+0.0100%	8h	286.02	0.000%	$139K	$849K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0694%	8h	285.99	−0.011%	$286	$107K	10x	as long as short