IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0429%/8h= −47.0% APRnext payment −$4.29 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against GRVT+0.012%69s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.641% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 2 days (all we have)−0.027%−$3 · spread now +0.012%, 7d avg +0.002%

Together, before fees−0.064%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT IWM_USDT_Perp	285.71	0.0498	pay 0.0498% / 8h	40m 22s	$986	$103K	10x
Short	Binance IWMUSDT	285.74	0.0069	get 0.0069% / 8h	40m 22s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now +0.012%Rate

Funding earned: −$90.14
Price spread: +0.012% → +0.002%: $0.99
Slippage, 4 orders: −$45.08
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$153.24
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from GRVT: live order book, 56 min ago; Binance: live order book, 7 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 GRVT live order book, 56 min ago	1.58 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.35 bp	7.2 bp −$7	49.2 bp −$492	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
Markets by Kinetiq mkts:SMALL2000	−0.0079%	1h	285.36	−0.121%	$566K	$358K	20x	as long as short
Aster IWMUSDT	0.0000%	8h	285.65	−0.020%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.53	−0.062%	$557K	$61K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.76	+0.019%	$438K	$159K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.73	+0.008%	$607K	$158K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.74	+0.012%	$442K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.72	+0.006%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.48	−0.079%	$968	$455K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.78	+0.026%	$432	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.76	+0.019%	$766K	$81K	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	286.26	+0.194%	$75K	$19K	10x	as long as short
BloFin IWM-USDT	+0.0044%	8h	285.78	+0.026%	$67K	$33K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.51	−0.069%	—	—	25x	as long as short
MEXC IWM_USDT	+0.0068%	8h	285.73	+0.008%	$883K	$84K	50x	as long as short
Binance IWMUSDTshort	+0.0069%	8h	285.74	+0.012%	$1.1M	$1.2M	20x
KuCoin IWMUSDTM	+0.0100%	8h	285.78	+0.026%	$140K	$867K	20x	as long as short
GRVT IWM_USDT_Perplong	+0.0498%	8h	285.71	long leg	$986	$103K	10x