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 Phemex−0.014%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$663as in the Funding arb table

Net, price: spread back to 7d avg − costs−$685as in the Price arb table

costs, in and out, $10k−$6826.821% of the position

Long on Phemex 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)+0.153%+$15 · spread now −0.014%, 7d avg +0.018%

Together, before fees+0.345%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.032% cheaper against Phemex than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.018%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex IWMUSDT	286.04	0	get 0.0000% / 8h	2h 03m	$766K	$80K	10x
Short	KuCoin IWMUSDTM	286.00	0.0100	get 0.0100% / 8h	2h 03m	$138K	$848K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.014%Rate

Funding earned: $21
Price spread: −0.014% → +0.018%: −$3.24
Slippage, 4 orders: −$658.05
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$664.29
Costs to cover: 6.821%
Break-even: 228.4 days

Slippage from Phemex: live order book, 43 min ago; KuCoin: live order book, 35 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 Phemex live order book, 43 min ago	2.10 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 35 min ago	2.97 bp	297.0 bp −$297	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	285.78	−0.090%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	285.63	−0.143%	$557K	$62K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.74	−0.105%	$400K	$120K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.96	−0.028%	$610K	$163K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.81	−0.080%	$443K	$15K	20x	as long as short
SunX IWM-USDT	0.0000%	8h	286.05	+0.003%	$1K	$458K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	286.06	+0.007%	$658	$37K	20x	as long as short
Phemex IWMUSDTlong	0.0000%	8h	286.04	long leg	$766K	$80K	10x
Variational Omni IWM	+0.0007%	8h	285.97	−0.023%	$160K	$207K	—	as long as short
Lighter IWM	+0.0032%	1h	285.75	−0.101%	$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	285.41	−0.220%	$566K	$363K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	285.54	−0.175%	—	—	25x	as long as short
BloFin IWM-USDT	+0.0052%	8h	286.05	+0.003%	$64K	$33K	20x	as long as short
MEXC IWM_USDT	+0.0075%	8h	285.75	−0.101%	$886K	$84K	50x	as long as short
Binance IWMUSDT	+0.0077%	8h	286.02	−0.007%	$1.1M	$1.2M	20x	as long as short
KuCoin IWMUSDTMshort	+0.0100%	8h	286.00	−0.014%	$138K	$848K	20x
GRVT IWM_USDT_Perp	+0.0694%	8h	285.99	−0.018%	$286	$107K	10x	as long as short