Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

IWM

RWAAll IWM markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PhemexIWMUSDT
280.5200.0000% / 8h1h 36m$893K$90K10xLong Phemex
SHORT
BingXNCSKIWM2USD-USDT
280.52+0.0026get 0.0026% / 8h1h 36m$973K$1.6M—Short BingX
Price gap0.000%
Funding gap+0.0026% /8h

Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$11+0.0026% /8h now · paid +0.113% over the last 7D
Price$0spread 0.000% now, avg −0.005% → +0.005% if it goes back
Costs−$1141.144% of $10k · taker + slippage, in and out
Result−$103−1.03%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now0.000%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

IWM on 18 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size42.2 / 10.4 bp
    At $10k entering Phemex costs 42.2 bp, fee and slippage, 4.1× BingX’s.
  • Note: Margin at max leverage$1,000 + —
    Phemex 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$0.78Long Phemex: 3 payments, $0.00; short BingX: 3 payments, +$0.78.
  • Note: Gap at its usual level0.000% vs −0.005%
    The price leg adds little either way.
  • Watch: Long leg is thinner$893K vs $973K OI
    Phemex sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPhemex Yes · BingX Yes
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0054%/8h × 21 periods+$11.32
Price spread0.000% → −0.005% (7d avg)+$0.48
Slippage, 4 orderslive order books−$92.43
Fee Phemex bp × 2 orders−$12.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$102.63
Costs to cover1.144%Break-even70.5 days
Slippage: Phemex: live order book, 15 min ago; BingX: live order book, 20 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhemex2.3242.2 bp−$42doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX4.1010.4 bp−$1038.6 bp−$386148.3 bp−$14.8K630.1 bp−$315.0K

Closing costs about the same again.

Alert

IWM news

posts that mention IWM or iShares Russell 2000 ETF, from every exchangeSearch all news →
09-21 13:35gTrade (Gains Network)Listingnew market IWM/USD ($IWM) seen by our collector