IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.007%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 2 days (all we have)+0.003%$0 · spread now −0.007%, 7d avg +0.018%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.025% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IWM_USDT	284.88	0.0079	pay 0.0079% / 8h	7h 44m	$880K	$83K	50x
Short	Binance IWMUSDT	284.86	0.0080	get 0.0080% / 8h	7h 44m	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: $0.15
Price spread: −0.007% → +0.018%: −$2.48
Slippage, 4 orders: −$33.17
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.5
Costs to cover: 0.432%
Break-even: 2113.5 days

Slippage from MEXC: live order book, 46 min ago; Binance: live order book, 3 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 MEXC live order book, 46 min ago	3.50 bp	6.4 bp −$6	155.4 bp −$1,554	216.9 bp −$21.7K	doesn't fit
Sell Binance live order book, 3 min ago	0.17 bp	12.3 bp −$12	61.8 bp −$618	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	284.80	−0.028%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.77	−0.039%	$563K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.90	+0.007%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	284.98	+0.035%	$601K	$162K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.98	+0.035%	$441K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.92	+0.015%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	285.05	+0.061%	$687	$101K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	285.07	+0.067%	$770	$461K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.85	−0.011%	$595	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.07	+0.067%	$764K	$84K	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	284.86	−0.007%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.62	−0.091%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.67	−0.074%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0063%	8h	285.00	+0.042%	$67K	$33K	20x	as long as short
MEXC IWM_USDTlong	+0.0079%	8h	284.88	long leg	$880K	$83K	50x
Binance IWMUSDTshort	+0.0080%	8h	284.86	−0.007%	$1.1M	$1.2M	20x
KuCoin IWMUSDTM	+0.0100%	8h	285.04	+0.056%	$141K	$910K	20x	as long as short