IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.83 per $10,000 · paid last 24h +0.008%

Price spread now: Binance against Bybit+0.039%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$980.977% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 2 days (all we have)−0.007%−$1 · spread now +0.039%, 7d avg +0.092%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.054% cheaper against Bybit than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.092%). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.033% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IWMUSDT	284.77	0	get 0.0000% / 8h	7h 48m	$560K	$70K	25x
Short	Binance IWMUSDT	284.88	0.0083	get 0.0083% / 8h	7h 48m	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: $17.48
Price spread: +0.039% → +0.092%: −$5.37
Slippage, 4 orders: −$76.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$85.57
Costs to cover: 0.977%
Break-even: 41.3 days

Slippage from Bybit: live order book, 41 min ago; Binance: live order book, 14 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 Bybit live order book, 41 min ago	3.68 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.17 bp	8.9 bp −$9	55.1 bp −$551	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	284.86	+0.031%	$2K	$221	20x	as long as short
Bybit IWMUSDTlong	0.0000%	8h	284.77	long leg	$560K	$70K	25x
OKX IWM-USDT-SWAP	0.0000%	8h	284.96	+0.067%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.02	+0.088%	$603K	$160K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.92	+0.053%	$441K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.97	+0.070%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	285.07	+0.105%	$485	$102K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	284.94	+0.060%	$667	$461K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.48	−0.102%	$541	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.04	+0.095%	$764K	$83K	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	285.36	+0.207%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.69	−0.028%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.73	−0.014%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0069%	8h	284.99	+0.077%	$67K	$33K	20x	as long as short
MEXC IWM_USDT	+0.0083%	8h	284.92	+0.053%	$880K	$83K	50x	as long as short
Binance IWMUSDTshort	+0.0083%	8h	284.88	+0.039%	$1.1M	$1.2M	20x
KuCoin IWMUSDTM	+0.0100%	8h	285.04	+0.095%	$141K	$910K	20x	as long as short