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: Bitget against KuCoin−0.046%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$571as in the Funding arb table

Net, price: spread back to 7d avg − costs−$558as in the Price arb table

costs, in and out, $10k−$5525.517% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.046%, 7d avg +0.021%

Together, before fees−0.164%−$16 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 Bitget is 0.066% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IWMUSDTM	285.57	0.0100	pay 0.0100% / 8h	14m 21s	$140K	$892K	20x
Short	Bitget IWMUSDT	285.44	0	get 0.0000% / 8h	14m 21s	$442K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$21
Price spread: −0.046% → +0.021%: −$6.61
Slippage, 4 orders: −$527.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$579.31
Costs to cover: 5.517%
Break-even: never at this rate

Slippage from KuCoin: live order book, 70 min ago; Bitget: live order book, 16 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, 70 min ago	2.45 bp	235.8 bp −$236	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 16 min ago	6.65 bp	35.8 bp −$36	68.1 bp −$681	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	285.30	−0.094%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.21	−0.126%	$557K	$61K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.65	+0.028%	$438K	$156K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.51	−0.021%	$607K	$159K	20x	as long as short
Bitget IWMUSDTshort	0.0000%	8h	285.44	−0.046%	$442K	$15K	20x
Variational Omni IWM	0.0000%	8h	285.48	−0.031%	$169K	$216K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.30	−0.095%	$297	$464K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.82	+0.088%	$457	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.50	−0.025%	$765K	$82K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.05	+0.168%	$75K	$19K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.32	−0.088%	$566K	$357K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.17	−0.140%	—	—	25x	as long as short
MEXC IWM_USDT	+0.0060%	8h	285.42	−0.053%	$882K	$85K	50x	as long as short
Binance IWMUSDT	+0.0061%	8h	285.50	−0.025%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0090%	8h	285.60	+0.011%	$67K	$33K	20x	as long as short
KuCoin IWMUSDTMlong	+0.0100%	8h	285.57	long leg	$140K	$892K	20x
GRVT IWM_USDT_Perp	+0.0446%	8h	285.46	−0.039%	$739	$102K	10x	as long as short