IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Bitget+0.021%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$464as in the Funding arb table

Net, price: spread back to 7d avg − costs−$479as in the Price arb table

costs, in and out, $10k−$4834.834% of the position

Long on Bitget 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 4 days (all we have)−0.035%−$4 · spread now +0.021%, 7d avg −0.020%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.041% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IWMUSDT	284.98	0	get 0.0000% / 8h	7h 44m	$441K	$15K	20x
Short	KuCoin IWMUSDTM	285.04	0.0100	get 0.0100% / 8h	7h 44m	$141K	$910K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.021%Rate

Funding earned: $21
Price spread: +0.021% → −0.020%: $4.1
Slippage, 4 orders: −$459.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$458.3
Costs to cover: 4.834%
Break-even: 159.8 days

Slippage from Bitget: live order book, 46 min ago; KuCoin: live order book, 30 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, 46 min ago	6.65 bp	13.3 bp −$13	35.4 bp −$354	doesn't fit	doesn't fit
Sell KuCoin live order book, 30 min ago	3.50 bp	260.1 bp −$260	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	284.80	−0.063%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.77	−0.074%	$563K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.90	−0.028%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	284.98	0.000%	$601K	$162K	20x	as long as short
Bitget IWMUSDTlong	0.0000%	8h	284.98	long leg	$441K	$15K	20x
Variational Omni IWM	0.0000%	8h	284.92	−0.020%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	285.05	+0.026%	$687	$101K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	285.07	+0.032%	$770	$461K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.85	−0.046%	$595	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.07	+0.032%	$764K	$84K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IWM	+0.0032%	1h	284.86	−0.042%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.62	−0.126%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.67	−0.109%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0063%	8h	285.00	+0.007%	$67K	$33K	20x	as long as short
MEXC IWM_USDT	+0.0079%	8h	284.88	−0.035%	$880K	$83K	50x	as long as short
Binance IWMUSDT	+0.0080%	8h	284.86	−0.042%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTMshort	+0.0100%	8h	285.04	+0.021%	$141K	$910K	20x