Funding arb · Price arb /

IWM

RWAall IWM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.036%

Price spread now: GRVT against Markets by Kinetiq+0.077%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Markets by Kinetiq Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.077%, 7d avg +0.046%

Together, before fees−0.100%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.031% 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 +0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Markets by Kinetiq mkts:SMALL2000	287.08	0.0046	pay 0.0006% / 1h	55m 33s	$512K	$384K	20x
Short	GRVT IWM_USDT_Perp	287.30	0.0078	get 0.0078% / 8h	4h 55m	$776	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 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 Markets by KinetiqbpFee GRVTbpOrdersPrice spread, now +0.077%Rate

Funding earned: $6.79
Price spread: +0.077% → +0.046%: $3.1
Slippage, 4 orders: −$15.73
Fee Markets by Kinetiq: 0.81 bp × 2 orders: −$1.62
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$16.46
Costs to cover: 0.263%
Break-even: 24.0 days

Slippage from Markets by Kinetiq: live order book, 43 min ago; GRVT: live order book, 48 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, 43 min ago	1.04 bp	1.9 bp −$2	33.3 bp −$333	doesn't fit	doesn't fit
Sell GRVT live order book, 48 min ago	1.57 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit

IWM on 17 exchanges

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	287.24	+0.056%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	287.21	+0.045%	$571K	$76K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	287.47	+0.136%	$399K	$235K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	287.14	+0.021%	$604K	$157K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	287.33	+0.087%	$446K	$18K	20x	as long as short
Variational Omni IWM	0.0000%	8h	287.26	+0.062%	$171K	$205K	—	as long as short
SunX IWM-USDT	0.0000%	8h	287.48	+0.139%	$851	$460K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	287.02	−0.021%	$499	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	287.33	+0.087%	$772K	$87K	10x	as long as short
BloFin IWM-USDT	+0.0021%	8h	287.36	+0.098%	$66K	$38K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC IWM_USDT	+0.0029%	8h	287.34	+0.091%	$888K	$83K	50x	as long as short
Binance IWMUSDT	+0.0029%	8h	287.38	+0.103%	$1.1M	$1.2M	20x	as long as short
Lighter IWM	+0.0032%	1h	287.76	+0.237%	$75K	$3K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000long	+0.0046%	1h	287.08	long leg	$512K	$384K	20x
Vest IWM-USD-PERP	+0.0046%	1h	287.04	−0.014%	—	$1K	25x	as long as short
GRVT IWM_USDT_Perpshort	+0.0078%	8h	287.30	+0.077%	$776	$107K	10x
KuCoin IWMUSDTM	+0.0100%	8h	287.60	+0.181%	$162K	$1.1M	20x	as long as short