Funding arb · Price arb /

IWM

RWAall IWM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.009%

Price spread now: Markets by Kinetiq against MEXC−0.060%50s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as 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−$310.305% of the position

Long on MEXC Short on Markets by Kinetiq

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.060%, 7d avg −0.038%

Together, before fees+0.229%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Markets by Kinetiq is 0.021% cheaper against MEXC than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.038%). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$1 a day). The two prices were read 50 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	285.71	0	get 0.0000% / 8h	3h 38m	$885K	$86K	50x
Short	Markets by Kinetiq mkts:SMALL2000	285.54	0.0046	get 0.0006% / 1h	38m 57s	$566K	$370K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Markets by Kinetiq 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 Markets by KinetiqbpOrdersPrice spread, now −0.060%Rate

Funding earned: $9.59
Price spread: −0.060% → −0.038%: −$2.13
Slippage, 4 orders: −$28.91
Fee MEXC: 0 bp × 2 orders: $0
Fee Markets by Kinetiq: 0.81 bp × 2 orders: −$1.62
Net: −$23.07
Costs to cover: 0.305%
Break-even: 23.8 days

Slippage from MEXC: live order book, 7 min ago; Markets by Kinetiq: live order book, 47 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, 7 min ago	5.07 bp	7.0 bp −$7	150.2 bp −$1,502	210.7 bp −$21.1K	doesn't fit
Sell Markets by Kinetiq live order book, 47 min ago	0.17 bp	13.2 bp −$13	71.2 bp −$712	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	−0.0006%	8h	285.89	+0.063%	$65K	$32K	20x	as long as short
Aster IWMUSDT	0.0000%	8h	285.60	−0.040%	$2K	$221	20x	as long as short
Binance IWMUSDT	0.0000%	8h	285.82	+0.039%	$1.0M	$1.1M	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.48	−0.081%	$553K	$60K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.68	−0.011%	$399K	$114K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.86	+0.053%	$611K	$156K	20x	as long as short
MEXC IWM_USDTlong	0.0000%	8h	285.71	long leg	$885K	$86K	50x
Bitget IWMUSDT	0.0000%	8h	285.73	+0.007%	$443K	$14K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.78	+0.026%	$153K	$201K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.70	−0.004%	$1K	$422K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IWM-USDT	0.0000%	8h	285.89	+0.063%	$586	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.88	+0.060%	$764K	$73K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.20	+0.172%	$75K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000short	+0.0046%	1h	285.54	−0.060%	$566K	$370K	20x
Vest IWM-USD-PERP	+0.0046%	1h	285.37	−0.119%	—	—	25x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.88	+0.060%	$137K	$857K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0567%	8h	285.88	+0.060%	$292	$112K	10x	as long as short