Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.009%
Price spread now: Binance against Markets by Kinetiq+0.129%53s7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as 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−$350.346% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 2 days (all we have)+0.083%+$8 · spread now +0.129%, 7d avg +0.100%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.029% dearer against Markets by Kinetiq than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.100%. Mind the row above: over the last 7 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour. The two prices were read 53 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 | Markets by Kinetiq mkts:SMALL2000 | 285.02 | 0.0046 | pay 0.0006% / 1h | 7m 46s | $566K | $358K | 20x |
| Short | Binance IWMUSDT | 285.39 | 0.0067 | get 0.0067% / 8h | 7m 46s | $1.1M | $1.2M | 20x |
Markets by Kinetiq mkts:SMALL2000
Binance IWMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Markets by Kinetiq. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.41
- Price spread: +0.129% → +0.100%
- $2.85
- Slippage, 4 orders
- −$22.99
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.35
- Costs to cover
- 0.346%
- Break-even
- 50.4 days
Slippage from Markets by Kinetiq: live order book, 48 min ago; Binance: live order book, 10 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 Markets by Kinetiq live order book, 48 min ago | 1.23 bp | 6.4 bp −$6 | 46.0 bp −$460 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.88 bp | 10.3 bp −$10 | 45.1 bp −$451 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IWMUSDT | 0.0000% | 8h | 285.16 | +0.049% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.08 | +0.021% | $556K | $61K | 25x | as long as short |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 285.33 | +0.109% | $437K | $158K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 285.46 | +0.154% | $606K | $160K | 20x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 285.34 | +0.112% | $441K | $15K | 20x | as long as short |
| Variational Omni IWM | 0.0000% | 8h | 285.37 | +0.123% | $169K | $216K | — | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 285.23 | +0.074% | $331 | $464K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 285.16 | +0.049% | $473 | $38K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 285.42 | +0.140% | $765K | $82K | 10x | as long as short |
| Lighter IWM | +0.0032% | 1h | 285.74 | +0.253% | $75K | $19K | 10x | as long as short |
Aster IWMUSDT
Bybit IWMUSDT
OKX IWM-USDT-SWAP
Gate IWM_USDT
Bitget IWMUSDT
Variational Omni IWM
SunX IWM-USDT
HTX IWM-USDT
Phemex IWMUSDT
Lighter IWMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Markets by Kinetiq mkts:SMALL2000long | +0.0046% | 1h | 285.02 | long leg | $566K | $358K | 20x | |
| Vest IWM-USD-PERP | +0.0046% | 1h | 285.02 | 0.000% | — | $1K | 25x | as long as short |
| MEXC IWM_USDT | +0.0065% | 8h | 285.31 | +0.102% | $882K | $85K | 50x | as long as short |
| Binance IWMUSDTshort | +0.0067% | 8h | 285.39 | +0.129% | $1.1M | $1.2M | 20x | |
| BloFin IWM-USDT | +0.0072% | 8h | 285.43 | +0.144% | $67K | $33K | 20x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 285.45 | +0.151% | $140K | $898K | 20x | as long as short |
| GRVT IWM_USDT_Perp | +0.0439% | 8h | 285.38 | +0.125% | $394 | $102K | 10x | as long as short |
Vest IWM-USD-PERP
MEXC IWM_USDT
BloFin IWM-USDT
KuCoin IWMUSDTM
GRVT IWM_USDT_Perp