IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0429%/8h= +47.0% APRnext payment +$4.29 per $10,000 · paid last 24h −0.030%

Price spread now: GRVT against KuCoin+0.010%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$567as in the Funding arb table

Net, price: spread back to 7d avg − costs−$548as in the Price arb table

costs, in and out, $10k−$5525.518% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$15 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.010%, 7d avg −0.024%

Together, before fees−0.140%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and GRVT is 0.034% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.155% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IWMUSDTM	285.77	0.0100	pay 0.0100% / 8h	50m 51s	$140K	$858K	20x
Short	GRVT IWM_USDT_Perp	285.80	0.0529	get 0.0529% / 8h	50m 51s	$997	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.010%Rate

Funding earned: $90.09
Price spread: +0.010% → −0.024%: $3.41
Slippage, 4 orders: −$530.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$458.28
Costs to cover: 5.518%
Break-even: 42.6 days

Slippage from KuCoin: live order book, 33 min ago; GRVT: live order book, 46 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, 33 min ago	2.45 bp	235.8 bp −$236	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 46 min ago	1.58 bp	25.3 bp −$25	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:SMALL2000	−0.0117%	1h	285.42	−0.122%	$566K	$358K	20x	as long as short
Aster IWMUSDT	0.0000%	8h	285.60	−0.059%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.56	−0.073%	$557K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.32	−0.157%	$437K	$160K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.76	−0.003%	$608K	$157K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.74	−0.010%	$442K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.71	−0.019%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.51	−0.091%	$979	$454K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.75	−0.007%	$531	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.77	0.000%	$765K	$81K	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	286.24	+0.164%	$75K	$19K	10x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.53	−0.084%	—	—	25x	as long as short
Binance IWMUSDT	+0.0073%	8h	285.75	−0.007%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0073%	8h	285.77	0.000%	$883K	$83K	50x	as long as short
BloFin IWM-USDT	+0.0082%	8h	285.82	+0.017%	$67K	$33K	20x	as long as short
KuCoin IWMUSDTMlong	+0.0100%	8h	285.77	long leg	$140K	$858K	20x
GRVT IWM_USDT_Perpshort	+0.0529%	8h	285.80	+0.010%	$997	$104K	10x