IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Binance against KuCoin+0.015%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$471as in the Funding arb table

Net, price: spread back to 7d avg − costs−$455as in the Price arb table

costs, in and out, $10k−$4524.520% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 2 days (all we have)+0.010%+$1 · spread now +0.015%, 7d avg +0.046%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IWMUSDTM	285.96	0.0100	pay 0.0100% / 8h	3h 20m	$138K	$855K	20x
Short	Binance IWMUSDT	286.00	0	get 0.0000% / 8h	3h 20m	$1.0M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.015%Rate

Funding earned: −$21
Price spread: +0.015% → +0.046%: −$3.15
Slippage, 4 orders: −$429.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$476.11
Costs to cover: 4.520%
Break-even: never at this rate

Slippage from KuCoin: live order book, 24 min ago; Binance: live order book, 12 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 KuCoin live order book, 24 min ago	2.62 bp	185.8 bp −$186	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.17 bp	15.6 bp −$16	52.5 bp −$525	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
BloFin IWM-USDT	−0.0020%	8h	285.97	+0.003%	$65K	$32K	20x	as long as short
Aster IWMUSDT	0.0000%	8h	285.80	−0.054%	$2K	$221	20x	as long as short
Binance IWMUSDTshort	0.0000%	8h	286.00	+0.015%	$1.0M	$1.1M	20x
Bybit IWMUSDT	0.0000%	8h	285.66	−0.105%	$553K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.74	−0.077%	$400K	$115K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.92	−0.014%	$611K	$157K	20x	as long as short
MEXC IWM_USDT	0.0000%	8h	285.83	−0.045%	$886K	$88K	50x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.85	−0.038%	$443K	$14K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.93	−0.011%	$155K	$203K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.92	−0.014%	$1K	$424K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IWM-USDT	0.0000%	8h	285.36	−0.210%	$574	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.97	+0.003%	$765K	$74K	10x	as long as short
Lighter IWM	+0.0032%	1h	285.95	−0.003%	$75K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.45	−0.178%	$566K	$371K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.52	−0.154%	—	—	25x	as long as short
KuCoin IWMUSDTMlong	+0.0100%	8h	285.96	long leg	$138K	$855K	20x
GRVT IWM_USDT_Perp	+0.0604%	8h	285.94	−0.007%	$295	$112K	10x	as long as short