Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

IWM

RWAAll IWM markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BingXNCSKIWM2USD-USDT
280.93+0.0042pay 0.0042% / 8h2h 29m$973K$1.6M—Long BingX
SHORT
PhemexIWMUSDT
280.9300.0000% / 8h2h 29m$893K$86K10xShort Phemex
Price gap0.000%
Funding gap−0.0042% /8h

Funding costs $1 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$11−0.0042% /8h now · paid −0.113% over the last 7D
Price$0spread 0.000% now, avg +0.005% → −0.005% if it goes back
Costs−$1251.254% of $10k · taker + slippage, in and out
Result−$137−1.37%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now0.000%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

IWM on 18 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size11.5 / 41.0 bp
    At $10k entering Phemex costs 41.0 bp, fee and slippage, 3.6× BingX’s.
  • Note: Margin at max leverage— + $1,000
    BingX —, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$1.26Long BingX: 3 payments, −$1.26; short Phemex: 3 payments, $0.00.
  • Note: Gap at its usual level0.000% vs +0.005%
    The price leg adds little either way.
  • Watch: Short leg is thinner$893K vs $973K OI
    Phemex sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · Phemex Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0054%/8h × 21 periods−$11.32
Price spread0.000% → +0.005% (7d avg)−$0.48
Slippage, 4 orderslive order books−$103.40
Fee BingX bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$137.20
Costs to cover1.254%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; Phemex: live order book, 26 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX4.1011.5 bp−$1239.3 bp−$393101.1 bp−$10.1K578.4 bp−$289.2K
SELL · SHORTPhemex1.6041.0 bp−$41doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

IWM news

posts that mention IWM or iShares Russell 2000 ETF, from every exchangeSearch all news →
09-21 13:35gTrade (Gains Network)Listingnew market IWM/USD ($IWM) seen by our collector