IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0079%/8h= −8.7% APRnext payment −$0.79 per $10,000 · paid last 24h +0.036%

Price spread now: GRVT against MEXC+0.086%97s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as 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−$420.423% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.086%, 7d avg +0.001%

Together, before fees−0.053%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.085% dearer against MEXC than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.001%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 97 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	MEXC IWM_USDT	284.81	0.0079	pay 0.0079% / 8h	7h 43m	$880K	$83K	50x
Short	GRVT IWM_USDT_Perp	285.05	0	get 0.0000% / 8h	7h 43m	$687	$101K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$16.59
Price spread: +0.086% → +0.001%: $8.45
Slippage, 4 orders: −$33.32
Fee MEXC: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$50.46
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from MEXC: live order book, 47 min ago; GRVT: live order book, 48 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, 47 min ago	3.50 bp	6.4 bp −$6	155.4 bp −$1,554	216.9 bp −$21.7K	doesn't fit
Sell GRVT live order book, 48 min ago	1.92 bp	17.7 bp −$18	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	284.75	−0.021%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.70	−0.039%	$563K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.90	+0.032%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	284.92	+0.039%	$601K	$163K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.78	−0.011%	$441K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	284.92	+0.040%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perpshort	0.0000%	8h	285.05	+0.086%	$687	$101K	10x
SunX IWM-USDT	0.0000%	8h	285.07	+0.091%	$790	$461K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.85	+0.014%	$544	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	284.88	+0.025%	$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	+0.018%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.62	−0.067%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.67	−0.049%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0063%	8h	285.00	+0.067%	$67K	$33K	20x	as long as short
MEXC IWM_USDTlong	+0.0079%	8h	284.81	long leg	$880K	$83K	50x
Binance IWMUSDT	+0.0080%	8h	284.82	+0.005%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	284.91	+0.035%	$141K	$910K	20x	as long as short