IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0684%/8h= +74.9% APRnext payment +$6.84 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Bitget+0.042%53s7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$760.758% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.042%, 7d avg −0.048%

Together, before fees+0.009%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and GRVT is 0.090% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.048%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.84 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IWMUSDT	285.81	0	get 0.0000% / 8h	2h 16m	$443K	$15K	20x
Short	GRVT IWM_USDT_Perp	285.93	0.0684	get 0.0684% / 8h	2h 16m	$292	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. 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 BitgetbpFee GRVTbpOrdersPrice spread, now +0.042%Rate

Funding earned: $143.64
Price spread: +0.042% → −0.048%: $8.97
Slippage, 4 orders: −$54.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $76.77
Costs to cover: 0.758%
Break-even: 3.3 days

Slippage from Bitget: live order book, 24 min ago; GRVT: live order book, 26 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 Bitget live order book, 24 min ago	2.97 bp	10.0 bp −$10	36.6 bp −$366	doesn't fit	doesn't fit
Sell GRVT live order book, 26 min ago	2.10 bp	25.5 bp −$26	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	285.71	−0.034%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.53	−0.098%	$556K	$62K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.68	−0.045%	$400K	$120K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.92	+0.038%	$610K	$162K	20x	as long as short
Bitget IWMUSDTlong	0.0000%	8h	285.81	long leg	$443K	$15K	20x
Variational Omni IWM	0.0000%	8h	285.91	+0.037%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	286.02	+0.073%	$1K	$459K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.78	−0.010%	$749	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.94	+0.045%	$766K	$80K	10x	as long as short
Lighter IWM	+0.0032%	1h	285.75	−0.021%	$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
BloFin IWM-USDT	+0.0034%	8h	285.93	+0.042%	$65K	$32K	20x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.40	−0.143%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.46	−0.122%	—	—	25x	as long as short
MEXC IWM_USDT	+0.0057%	8h	285.80	−0.003%	$886K	$83K	50x	as long as short
Binance IWMUSDT	+0.0058%	8h	285.96	+0.052%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.95	+0.049%	$138K	$851K	20x	as long as short
GRVT IWM_USDT_Perpshort	+0.0684%	8h	285.93	+0.042%	$292	$107K	10x