IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.72 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against MEXC−0.119%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$850.853% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.119%, 7d avg +0.008%

Together, before fees+0.164%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.127% cheaper against MEXC than usual: you would sell low and buy high (−$13 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	MEXC IWM_USDT	285.66	0.0072	pay 0.0072% / 8h	1h 12m	$885K	$84K	50x
Short	OKX IWM-USDT-SWAP	285.32	0	get 0.0000% / 8h	1h 12m	$437K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.119%Rate

Funding earned: −$15.12
Price spread: −0.119% → +0.008%: −$12.69
Slippage, 4 orders: −$75.32
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$113.13
Costs to cover: 0.853%
Break-even: never at this rate

Slippage from MEXC: live order book, 24 min ago; OKX: live order book, 28 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, 24 min ago	0.17 bp	5.4 bp −$5	168.4 bp −$1,684	219.2 bp −$21.9K	doesn't fit
Sell OKX live order book, 28 min ago	1.23 bp	27.6 bp −$28	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	285.61	−0.019%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.52	−0.049%	$557K	$60K	25x	as long as short
OKX IWM-USDT-SWAPshort	0.0000%	8h	285.32	−0.119%	$437K	$160K	20x
Gate IWM_USDT	0.0000%	8h	285.76	+0.035%	$608K	$161K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.68	+0.007%	$442K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.71	+0.016%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.44	−0.077%	$1K	$453K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	285.79	+0.046%	$674	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.79	+0.046%	$765K	$81K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.09	+0.151%	$75K	$19K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	285.43	−0.081%	$566K	$364K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.49	−0.060%	—	—	25x	as long as short
MEXC IWM_USDTlong	+0.0072%	8h	285.66	long leg	$885K	$84K	50x
Binance IWMUSDT	+0.0073%	8h	285.83	+0.059%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0077%	8h	285.70	+0.014%	$67K	$33K	20x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.72	+0.021%	$140K	$847K	20x	as long as short
GRVT IWM_USDT_Perp	+0.0568%	8h	285.70	+0.015%	$540	$103K	10x	as long as short