IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.79 per $10,000 · paid last 24h −0.036%

Price spread now: MEXC against GRVT−0.086%97s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as 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−$420.423% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.086%, 7d avg −0.001%

Together, before fees+0.053%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.084% cheaper against GRVT than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.001%). If the spread goes back, that is −$8 on $10k: about 3.6 days of funding at the current rate (+$2 a day). The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT IWM_USDT_Perp	285.05	0	get 0.0000% / 8h	7h 43m	$687	$101K	10x
Short	MEXC IWM_USDT	284.81	0.0079	get 0.0079% / 8h	7h 43m	$880K	$83K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.086%Rate

Funding earned: $16.59
Price spread: −0.086% → −0.001%: −$8.45
Slippage, 4 orders: −$33.32
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$34.18
Costs to cover: 0.423%
Break-even: 21.4 days

Slippage from GRVT: live order book, 48 min ago; MEXC: live order book, 47 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, 48 min ago	1.92 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 47 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	284.75	−0.107%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.70	−0.124%	$563K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.90	−0.054%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	284.92	−0.047%	$601K	$163K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.78	−0.096%	$441K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.92	−0.046%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perplong	0.0000%	8h	285.05	long leg	$687	$101K	10x
SunX IWM-USDT	0.0000%	8h	285.07	+0.006%	$790	$461K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.85	−0.072%	$544	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	284.88	−0.061%	$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	−0.068%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.62	−0.152%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.67	−0.135%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0063%	8h	285.00	−0.019%	$67K	$33K	20x	as long as short
MEXC IWM_USDTshort	+0.0079%	8h	284.81	−0.086%	$880K	$83K	50x
Binance IWMUSDT	+0.0080%	8h	284.82	−0.081%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	284.91	−0.051%	$141K	$910K	20x	as long as short