Funding arb · Price arb /

IWM

RWAall IWM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.021%

Price spread now: KuCoin against Markets by Kinetiq+0.102%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$441as in the Funding arb table

Net, price: spread back to 7d avg − costs−$439as in the Price arb table

costs, in and out, $10k−$4444.439% of the position

Long on Markets by Kinetiq Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.102%, 7d avg +0.057%

Together, before fees−0.065%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.045% dearer against Markets by Kinetiq than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Markets by Kinetiq mkts:SMALL2000	284.60	0.0046	pay 0.0006% / 1h	34m 07s	$564K	$358K	20x
Short	KuCoin IWMUSDTM	284.89	0.0100	get 0.0100% / 8h	7h 34m	$141K	$921K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.102%Rate

Funding earned: $11.41
Price spread: +0.102% → +0.057%: $4.48
Slippage, 4 orders: −$430.32
Fee Markets by Kinetiq: 0.81 bp × 2 orders: −$1.62
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$428.05
Costs to cover: 4.439%
Break-even: 269.6 days

Slippage from Markets by Kinetiq: live order book, 12 min ago; KuCoin: live order book, 40 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, 12 min ago	2.81 bp	6.0 bp −$6	42.2 bp −$422	doesn't fit	doesn't fit
Sell KuCoin live order book, 40 min ago	3.50 bp	260.1 bp −$260	doesn't fit	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	284.81	+0.075%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.73	+0.046%	$563K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.80	+0.070%	$436K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	284.94	+0.119%	$601K	$164K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.71	+0.039%	$441K	$16K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.87	+0.096%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	284.89	+0.102%	$775	$100K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	284.90	+0.105%	$960	$462K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.04	+0.155%	$715	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.02	+0.148%	$764K	$85K	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	284.85	+0.088%	$74K	$19K	10x	as long as short
BloFin IWM-USDT	+0.0045%	8h	284.93	+0.116%	$67K	$33K	20x	as long as short
Markets by Kinetiq mkts:SMALL2000long	+0.0046%	1h	284.60	long leg	$564K	$358K	20x
Vest IWM-USD-PERP	+0.0046%	1h	284.65	+0.018%	—	$1K	25x	as long as short
Binance IWMUSDT	+0.0070%	8h	284.99	+0.136%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0070%	8h	284.89	+0.102%	$880K	$84K	50x	as long as short
KuCoin IWMUSDTMshort	+0.0100%	8h	284.89	+0.102%	$141K	$921K	20x