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: Bybit against KuCoin−0.112%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$533as in the Funding arb table

Net, price: spread back to 7d avg − costs−$515as in the Price arb table

costs, in and out, $10k−$5115.114% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.217%−$22 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.112%, 7d avg −0.077%

Together, before fees−0.221%−$22 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 Bybit is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.077%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IWMUSDTM	285.94	0.0100	pay 0.0100% / 8h	3h 24m	$139K	$855K	20x
Short	Bybit IWMUSDT	285.62	0	get 0.0000% / 8h	3h 24m	$553K	$60K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$21
Price spread: −0.112% → −0.077%: −$3.51
Slippage, 4 orders: −$488.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$535.93
Costs to cover: 5.114%
Break-even: never at this rate

Slippage from KuCoin: live order book, 20 min ago; Bybit: live order book, 21 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, 20 min ago	2.62 bp	185.8 bp −$186	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 21 min ago	0.88 bp	46.8 bp −$47	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
BloFin IWM-USDT	−0.0001%	8h	285.95	+0.003%	$65K	$32K	20x	as long as short
Aster IWMUSDT	0.0000%	8h	285.67	−0.094%	$2K	$221	20x	as long as short
Binance IWMUSDT	0.0000%	8h	285.95	+0.003%	$1.0M	$1.1M	20x	as long as short
Bybit IWMUSDTshort	0.0000%	8h	285.62	−0.112%	$553K	$60K	25x
OKX IWM-USDT-SWAP	0.0000%	8h	285.71	−0.080%	$400K	$115K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.90	−0.014%	$611K	$157K	20x	as long as short
MEXC IWM_USDT	0.0000%	8h	285.81	−0.045%	$886K	$87K	50x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.85	−0.031%	$443K	$14K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.90	−0.013%	$155K	$203K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.94	0.000%	$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	285.83	−0.038%	$566	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.91	−0.010%	$765K	$74K	10x	as long as short
Lighter IWM	+0.0032%	1h	285.67	−0.094%	$75K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.44	−0.175%	$566K	$371K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.46	−0.168%	—	—	25x	as long as short
KuCoin IWMUSDTMlong	+0.0100%	8h	285.94	long leg	$139K	$855K	20x
GRVT IWM_USDT_Perp	+0.0594%	8h	285.91	−0.009%	$294	$112K	10x	as long as short