IWM

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 Gate+0.038%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$549as in the Funding arb table

Net, price: spread back to 7d avg − costs−$573as in the Price arb table

costs, in and out, $10k−$5685.683% of the position

Long on Gate 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)+0.092%+$9 · spread now +0.038%, 7d avg +0.085%

Together, before fees+0.285%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.046% cheaper against Gate than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.085%). If the spread goes back, that is −$5 on $10k: about 37 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IWM_USDT	285.83	0	get 0.0000% / 8h	3h 49m	$611K	$155K	20x
Short	KuCoin IWMUSDTM	285.94	0.0100	get 0.0100% / 8h	3h 49m	$137K	$860K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.038%Rate

Funding earned: $21
Price spread: +0.038% → +0.085%: −$4.63
Slippage, 4 orders: −$541.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$551.91
Costs to cover: 5.683%
Break-even: 191.0 days

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 60 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 Gate live order book, 2 min ago	9.98 bp	46.5 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 60 min ago	2.62 bp	256.2 bp −$256	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
BloFin IWM-USDT	−0.0004%	8h	285.84	+0.003%	$65K	$32K	20x	as long as short
Aster IWMUSDT	0.0000%	8h	285.67	−0.055%	$2K	$221	20x	as long as short
Binance IWMUSDT	0.0000%	8h	285.83	0.000%	$1.0M	$1.1M	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.53	−0.105%	$553K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.65	−0.063%	$399K	$114K	20x	as long as short
Gate IWM_USDTlong	0.0000%	8h	285.83	long leg	$611K	$155K	20x
MEXC IWM_USDT	0.0000%	8h	285.75	−0.028%	$886K	$86K	50x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.72	−0.038%	$443K	$14K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.78	−0.016%	$153K	$201K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.72	−0.038%	$1K	$421K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IWM-USDT	0.0000%	8h	285.86	+0.010%	$383	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.82	−0.003%	$764K	$73K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.27	+0.154%	$75K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.56	−0.094%	$566K	$370K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.42	−0.143%	—	—	25x	as long as short
KuCoin IWMUSDTMshort	+0.0100%	8h	285.94	+0.038%	$137K	$860K	20x
GRVT IWM_USDT_Perp	+0.0557%	8h	285.67	−0.056%	$289	$114K	10x	as long as short