Settings8H · net · $10k
Funding arb · Price arb /

IWM

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bybit+0.077%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$558as in the Funding arb table
Net, price: spread back to 7d avg − costs−$580as in the Price arb table
costs, in and out, $10k−$5805.799% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.217%+$22 on $10k
Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.077%, 7d avg +0.078%
Together, before fees+0.238%+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IWMUSDT285.560get 0.0000% / 8h50m 31s$557K$60K25x
ShortKuCoin IWMUSDTM285.780.0100get 0.0100% / 8h50m 31s$140K$859K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: +0.077% → +0.078%
−$0.11
Slippage, 4 orders
−$556.92
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$559.03
Costs to cover
5.799%
Break-even
193.3 days
Slippage from Bybit: live order book, 44 min ago; KuCoin: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 44 min ago4.73 bp34.3 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 34 min ago2.45 bp266.7 bp −$267doesn't fitdoesn't fitdoesn't fit

IWM on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Markets by Kinetiq mkts:SMALL2000−0.0107%1h285.42−0.049%$566K$358K20xas long as short
Aster IWMUSDT0.0000%8h285.60+0.015%$2K$22120xas long as short
Bybit IWMUSDTlong0.0000%8h285.56long leg$557K$60K25x
OKX IWM-USDT-SWAP0.0000%8h285.32−0.084%$437K$160K20xas long as short
Gate IWM_USDT0.0000%8h285.77+0.074%$608K$157K20xas long as short
Bitget IWMUSDT0.0000%8h285.76+0.070%$442K$15K20xas long as short
Variational Omni IWM0.0000%8h285.71+0.054%$160K$207Kas long as short
SunX IWM-USDT0.0000%8h285.51−0.018%$979$454K10xas long as short
HTX IWM-USDT0.0000%8h285.75+0.067%$531$37K20xas long as short
Phemex IWMUSDT0.0000%8h285.77+0.074%$765K$81K10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter IWM+0.0032%1h286.25+0.242%$75K$19K10xas long as short
Vest IWM-USD-PERP+0.0046%1h285.52−0.014%25xas long as short
MEXC IWM_USDT+0.0072%8h285.75+0.067%$883K$83K50xas long as short
Binance IWMUSDT+0.0073%8h285.75+0.067%$1.1M$1.2M20xas long as short
BloFin IWM-USDT+0.0082%8h285.82+0.091%$67K$33K20xas long as short
KuCoin IWMUSDTMshort+0.0100%8h285.78+0.077%$140K$859K20x
GRVT IWM_USDT_Perp+0.0529%8h285.80+0.084%$997$104K10xas long as short