IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against KuCoin+0.042%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$517as in the Funding arb table

Net, price: spread back to 7d avg − costs−$485as in the Price arb table

costs, in and out, $10k−$4984.976% of the position

Long on KuCoin Short on Gate

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)−0.106%−$11 · spread now +0.042%, 7d avg −0.082%

Together, before fees−0.298%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.124% dearer against KuCoin than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.082%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IWMUSDTM	284.71	0.0100	pay 0.0100% / 8h	7h 28m	$141K	$927K	20x
Short	Gate IWM_USDT	284.83	0	get 0.0000% / 8h	7h 28m	$600K	$164K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.042%Rate

Funding earned: −$21
Price spread: +0.042% → −0.082%: $12.37
Slippage, 4 orders: −$470.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$506.27
Costs to cover: 4.976%
Break-even: never at this rate

Slippage from KuCoin: live order book, 45 min ago; Gate: live order book, 2 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, 45 min ago	3.50 bp	174.2 bp −$174	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.26 bp	44.1 bp −$44	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	284.59	−0.042%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.47	−0.084%	$564K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.80	+0.032%	$436K	$158K	20x	as long as short
Gate IWM_USDTshort	0.0000%	8h	284.83	+0.042%	$600K	$164K	20x
Bitget IWMUSDT	0.0000%	8h	284.62	−0.032%	$440K	$16K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.86	+0.052%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	284.85	+0.050%	$1K	$101K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	284.83	+0.042%	$946	$462K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.49	−0.077%	$728	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	284.77	+0.021%	$763K	$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	284.69	−0.007%	$74K	$19K	10x	as long as short
BloFin IWM-USDT	+0.0039%	8h	284.78	+0.025%	$67K	$34K	20x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.52	−0.067%	$564K	$359K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.46	−0.088%	—	$1K	25x	as long as short
MEXC IWM_USDT	+0.0067%	8h	284.68	−0.011%	$880K	$84K	50x	as long as short
Binance IWMUSDT	+0.0067%	8h	284.73	+0.006%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTMlong	+0.0100%	8h	284.71	long leg	$141K	$927K	20x