Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.021%
Price spread now: Markets by Kinetiq against KuCoin−0.122%51s7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$468as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4654.649% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.122%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Markets by Kinetiq is 0.072% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.051%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IWMUSDTM | 285.91 | 0.0100 | pay 0.0100% / 8h | 4h 32m | $137K | $863K | 20x |
| Short | Markets by Kinetiq mkts:SMALL2000 | 285.56 | 0.0046 | get 0.0006% / 1h | 32m 49s | $566K | $403K | 20x |
KuCoin IWMUSDTM
Markets by Kinetiq mkts:SMALL2000Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.41
- Price spread: −0.122% → −0.051%
- −$7.16
- Slippage, 4 orders
- −$451.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$483.51
- Costs to cover
- 4.649%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 16 min ago; Markets by Kinetiq: live order book, 63 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, 16 min ago | 2.62 bp | 206.4 bp −$206 | doesn't fit | doesn't fit | doesn't fit |
| Sell Markets by Kinetiq live order book, 63 min ago | 0.17 bp | 1.0 bp −$1 | 30.0 bp −$300 | 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 | −0.0023% | 8h | 285.91 | 0.000% | $65K | $32K | 20x | as long as short |
| Aster IWMUSDT | 0.0000% | 8h | 285.58 | −0.115% | $2K | $221 | 20x | as long as short |
| Binance IWMUSDT | 0.0000% | 8h | 285.87 | −0.014% | $1.0M | $1.1M | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.49 | −0.147% | $551K | $58K | 25x | as long as short |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 285.71 | −0.070% | $399K | $114K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 285.88 | −0.010% | $611K | $157K | 20x | as long as short |
| MEXC IWM_USDT | 0.0000% | 8h | 285.73 | −0.063% | $886K | $87K | 50x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 285.74 | −0.059% | $443K | $14K | 20x | as long as short |
| Variational Omni IWM | 0.0000% | 8h | 285.86 | −0.017% | $153K | $203K | — | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 285.72 | −0.066% | $1K | $414K | 10x | as long as short |
BloFin IWM-USDT
Aster IWMUSDT
Binance IWMUSDT
Bybit IWMUSDT
OKX IWM-USDT-SWAP
Gate IWM_USDT
MEXC IWM_USDT
Bitget IWMUSDT
Variational Omni IWM
SunX IWM-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IWM-USDT | 0.0000% | 8h | 286.21 | +0.105% | $395 | $37K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 285.81 | −0.035% | $764K | $72K | 10x | as long as short |
| Lighter IWM | +0.0032% | 1h | 285.67 | −0.084% | $75K | $18K | 10x | as long as short |
| Markets by Kinetiq mkts:SMALL2000short | +0.0046% | 1h | 285.56 | −0.122% | $566K | $403K | 20x | |
| Vest IWM-USD-PERP | +0.0046% | 1h | 285.37 | −0.189% | — | — | 25x | as long as short |
| KuCoin IWMUSDTMlong | +0.0100% | 8h | 285.91 | long leg | $137K | $863K | 20x | |
| GRVT IWM_USDT_Perp | +0.0516% | 8h | 285.83 | −0.028% | $292 | $117K | 10x | as long as short |
HTX IWM-USDT
Phemex IWMUSDT
Lighter IWM
Vest IWM-USD-PERP
GRVT IWM_USDT_Perp