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: OKX against KuCoin−0.070%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$505as in the Funding arb table

Net, price: spread back to 7d avg − costs−$492as in the Price arb table

costs, in and out, $10k−$4864.859% of the position

Long on KuCoin Short on OKX

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)+0.085%+$8 · spread now −0.070%, 7d avg −0.008%

Together, before fees−0.108%−$11 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 OKX is 0.062% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IWMUSDTM	287.29	0.0100	pay 0.0100% / 8h	5h 46m	$138K	$1.1M	20x
Short	OKX IWM-USDT-SWAP	287.09	0	get 0.0000% / 8h	5h 46m	$402K	$214K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$21
Price spread: −0.070% → −0.008%: −$6.21
Slippage, 4 orders: −$463.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$513.14
Costs to cover: 4.859%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; OKX: live order book, 62 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, 1 min ago	10.62 bp	191.8 bp −$192	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 62 min ago	1.92 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit

IWM on 17 exchanges

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	−0.0006%	1h	286.95	−0.118%	$528K	$378K	20x	as long as short
Aster IWMUSDT	0.0000%	8h	287.24	−0.018%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	287.16	−0.045%	$569K	$76K	25x	as long as short
OKX IWM-USDT-SWAPshort	0.0000%	8h	287.09	−0.070%	$402K	$214K	20x
Gate IWM_USDT	0.0000%	8h	287.10	−0.066%	$604K	$158K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	287.34	+0.017%	$446K	$18K	20x	as long as short
Variational Omni IWM	0.0000%	8h	287.36	+0.025%	$171K	$216K	—	as long as short
SunX IWM-USDT	0.0000%	8h	287.36	+0.024%	$957	$465K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	286.62	−0.233%	$585	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	287.36	+0.024%	$772K	$88K	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IWM	+0.0032%	1h	287.37	+0.028%	$75K	$3K	10x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	287.03	−0.091%	—	$1K	25x	as long as short
Binance IWMUSDT	+0.0054%	8h	287.38	+0.031%	$1.1M	$1.3M	20x	as long as short
MEXC IWM_USDT	+0.0054%	8h	287.23	−0.021%	$887K	$83K	50x	as long as short
BloFin IWM-USDT	+0.0061%	8h	287.39	+0.035%	$19K	$36K	20x	as long as short
KuCoin IWMUSDTMlong	+0.0100%	8h	287.29	long leg	$138K	$1.1M	20x
GRVT IWM_USDT_Perp	+0.0108%	8h	287.37	+0.028%	$638	$106K	10x	as long as short