IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.71 per $10,000 · paid last 24h +0.008%

Price spread now: MEXC against Gate−0.014%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2382.382% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.014%, 7d avg +0.067%

Together, before fees+0.075%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.081% cheaper against Gate than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.067%). If the spread goes back, that is −$8 on $10k: about 3.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.008% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IWM_USDT	284.85	0	get 0.0000% / 8h	7h 38m	$601K	$164K	20x
Short	MEXC IWM_USDT	284.81	0.0071	get 0.0071% / 8h	7h 38m	$880K	$84K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.014%Rate

Funding earned: $14.91
Price spread: −0.014% → +0.067%: −$8.1
Slippage, 4 orders: −$223.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$231.38
Costs to cover: 2.382%
Break-even: 115.6 days

Slippage from Gate: live order book, 57 min ago; MEXC: live order book, 52 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, 57 min ago	7.70 bp	16.9 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 52 min ago	3.50 bp	8.0 bp −$8	147.7 bp −$1,477	212.0 bp −$21.2K	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	284.71	−0.049%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.69	−0.056%	$563K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.80	−0.018%	$436K	$158K	20x	as long as short
Gate IWM_USDTlong	0.0000%	8h	284.85	long leg	$601K	$164K	20x
Bitget IWMUSDT	0.0000%	8h	284.79	−0.021%	$441K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.78	−0.025%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	284.83	−0.007%	$775	$100K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	284.80	−0.018%	$823	$462K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.82	−0.011%	$607	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	284.87	+0.007%	$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	+0.004%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.59	−0.091%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.70	−0.053%	—	$1K	25x	as long as short
MEXC IWM_USDTshort	+0.0071%	8h	284.81	−0.014%	$880K	$84K	50x
Binance IWMUSDT	+0.0071%	8h	284.88	+0.010%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0072%	8h	284.75	−0.035%	$67K	$33K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	284.86	+0.004%	$141K	$916K	20x	as long as short