IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against OKX+0.133%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$561as in the Funding arb table

Net, price: spread back to 7d avg − costs−$568as in the Price arb table

costs, in and out, $10k−$5815.806% of the position

Long on OKX Short on KuCoin

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)−0.151%−$15 · spread now +0.133%, 7d avg +0.006%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.127% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IWM-USDT-SWAP	285.32	0	get 0.0000% / 8h	1h 14m	$437K	$160K	20x
Short	KuCoin IWMUSDTM	285.70	0.0100	get 0.0100% / 8h	1h 14m	$140K	$847K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.133%Rate

Funding earned: $21
Price spread: +0.133% → +0.006%: $12.68
Slippage, 4 orders: −$558.6
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$546.91
Costs to cover: 5.806%
Break-even: 189.3 days

Slippage from OKX: live order book, 26 min ago; KuCoin: live order book, 10 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 OKX live order book, 26 min ago	1.23 bp	50.5 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	2.45 bp	266.7 bp −$267	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	285.60	+0.099%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.50	+0.063%	$557K	$60K	25x	as long as short
OKX IWM-USDT-SWAPlong	0.0000%	8h	285.32	long leg	$437K	$160K	20x
Gate IWM_USDT	0.0000%	8h	285.76	+0.154%	$608K	$161K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.68	+0.126%	$442K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.71	+0.135%	$160K	$207K	—	as long as short
SunX IWM-USDT	0.0000%	8h	285.44	+0.042%	$1K	$453K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	286.00	+0.238%	$695	$37K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.73	+0.144%	$765K	$81K	10x	as long as short
Lighter IWM	+0.0032%	1h	286.10	+0.273%	$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	285.42	+0.035%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.46	+0.049%	—	—	25x	as long as short
MEXC IWM_USDT	+0.0072%	8h	285.69	+0.130%	$885K	$84K	50x	as long as short
Binance IWMUSDT	+0.0073%	8h	285.74	+0.147%	$1.1M	$1.2M	20x	as long as short
BloFin IWM-USDT	+0.0093%	8h	285.78	+0.161%	$67K	$33K	20x	as long as short
KuCoin IWMUSDTMshort	+0.0100%	8h	285.70	+0.133%	$140K	$847K	20x
GRVT IWM_USDT_Perp	+0.0578%	8h	285.67	+0.124%	$546	$104K	10x	as long as short