Funding you earn now, next payment 08:00 UTC+0.0139%/8h= +15.3% APRpaid last 24h −0.009%
Price spread now: OKX against Markets by Kinetiq−0.035%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$880.880% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.035%, 7d avg +0.048%
=Funding pays, the price is against you. OKX is 0.083% cheaper against Markets by Kinetiq than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.048%). If the spread goes back, that is −$8 on $10k: about 48 hours of funding at the current rate (+$4 a day). 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:SMALL2000 | 285.42 | −0.0139 | get 0.0017% / 1h | 57m 24s | $566K | $358K | 20x |
| Short | OKX IWM-USDT-SWAP | 285.32 | 0 | get 0.0000% / 8h | 57m 24s | $437K | $160K | 20x |
Markets by Kinetiq mkts:SMALL2000
OKX IWM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $29.29
- Price spread: −0.035% → +0.048%
- −$8.34
- Slippage, 4 orders
- −$76.42
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$67.09
- Costs to cover
- 0.880%
- Break-even
- 23.0 days
Slippage from Markets by Kinetiq: live order book, 69 min ago; OKX: live order book, 43 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, 69 min ago | 0.88 bp | 6.0 bp −$6 | 42.4 bp −$424 | doesn't fit | doesn't fit |
| Sell OKX live order book, 43 min ago | 1.23 bp | 27.6 bp −$28 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Markets by Kinetiq mkts:SMALL2000long | −0.0139% | 1h | 285.42 | long leg | $566K | $358K | 20x | |
| Aster IWMUSDT | 0.0000% | 8h | 285.76 | +0.120% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.56 | +0.049% | $557K | $60K | 25x | as long as short |
| OKX IWM-USDT-SWAPshort | 0.0000% | 8h | 285.32 | −0.035% | $437K | $160K | 20x | |
| Gate IWM_USDT | 0.0000% | 8h | 285.74 | +0.112% | $608K | $157K | 20x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 285.73 | +0.109% | $442K | $15K | 20x | as long as short |
| Variational Omni IWM | 0.0000% | 8h | 285.78 | +0.126% | $160K | $207K | — | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 285.47 | +0.018% | $1K | $453K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 285.83 | +0.144% | $474 | $37K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 285.81 | +0.137% | $766K | $81K | 10x | as long as short |
Aster IWMUSDT
Bybit IWMUSDT
Gate IWM_USDT
Bitget IWMUSDT
Variational Omni IWM
SunX IWM-USDT
HTX IWM-USDT
Phemex IWMUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter IWM | +0.0032% | 1h | 286.32 | +0.315% | $75K | $19K | 10x | as long as short |
| Vest IWM-USD-PERP | +0.0046% | 1h | 285.57 | +0.053% | — | — | 25x | as long as short |
| BloFin IWM-USDT | +0.0057% | 8h | 285.83 | +0.144% | $67K | $33K | 20x | as long as short |
| MEXC IWM_USDT | +0.0076% | 8h | 285.78 | +0.126% | $883K | $83K | 50x | as long as short |
| Binance IWMUSDT | +0.0076% | 8h | 285.79 | +0.130% | $1.1M | $1.2M | 20x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 285.81 | +0.137% | $141K | $855K | 20x | as long as short |
| GRVT IWM_USDT_Perp | +0.0547% | 8h | 285.80 | +0.133% | $1K | $104K | 10x | as long as short |
Lighter IWM
Vest IWM-USD-PERP
BloFin IWM-USDT
MEXC IWM_USDT
Binance IWMUSDT
KuCoin IWMUSDTM
GRVT IWM_USDT_Perp