IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0056%/8h= −6.2% APRnext payment −$0.56 per $10,000 · paid last 24h −0.007%

Price spread now: Phemex against BloFin+0.028%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phemex is 0.028% dearer against BloFin than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.019% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IWM-USDT	284.78	0.0056	pay 0.0056% / 8h	7h 43m	$67K	$33K	20x
Short	Phemex IWMUSDT	284.86	0	get 0.0000% / 8h	7h 43m	$764K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$11.81
Price spread: +0.028% → 0.000%: $2.81
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$33
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Phemex: live order book, 54 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell Phemex live order book, 54 min ago	1.58 bp	45.9 bp −$46	doesn't fit	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	284.70	−0.029%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.64	−0.049%	$563K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.82	+0.014%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	284.87	+0.032%	$601K	$163K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.75	−0.011%	$440K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.92	+0.050%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	285.06	+0.098%	$687	$101K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	284.81	+0.011%	$766	$462K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.67	−0.039%	$544	$38K	20x	as long as short
Phemex IWMUSDTshort	0.0000%	8h	284.86	+0.028%	$764K	$84K	10x

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	+0.028%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.56	−0.077%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.61	−0.060%	—	$1K	25x	as long as short
BloFin IWM-USDTlong	+0.0056%	8h	284.78	long leg	$67K	$33K	20x
Binance IWMUSDT	+0.0078%	8h	284.78	0.000%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0079%	8h	284.81	+0.011%	$880K	$83K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	284.91	+0.046%	$141K	$910K	20x	as long as short