IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0087%/8h= +9.6% APRnext payment +$0.87 per $10,000 · paid last 24h +0.008%

Price spread now: Binance against SunX+0.025%46s7-day average +0.046% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 2 days (all we have)+0.028%+$3 · spread now +0.025%, 7d avg +0.046%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.022% cheaper against SunX than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.046%). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.008% in total) that is about 18 days. The two prices were read 46 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	SunX IWM-USDT	284.95	0	get 0.0000% / 8h	7h 53m	$667	$462K	10x
Short	Binance IWMUSDT	285.02	0.0087	get 0.0087% / 8h	7h 53m	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.025%Rate

Funding earned: $18.33
Price spread: +0.025% → +0.046%: −$2.17
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1.85
Costs to cover: 0.180%
Break-even: 7.7 days

Slippage unknown: SunX: live order book, 58 min ago; Binance: live order book, 9 min ago. Net counts fees only.

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 SunX live order book, 58 min ago	500.27 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.17 bp	8.9 bp −$9	55.1 bp −$551	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	284.95	−0.001%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.86	−0.032%	$560K	$69K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	285.00	+0.018%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	285.08	+0.046%	$606K	$157K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	285.04	+0.032%	$441K	$15K	20x	as long as short
Variational Omni IWM	0.0000%	8h	285.01	+0.020%	$169K	$217K	—	as long as short
GRVT IWM_USDT_Perp	0.0000%	8h	285.06	+0.039%	$485	$102K	10x	as long as short
SunX IWM-USDTlong	0.0000%	8h	284.95	long leg	$667	$462K	10x
HTX IWM-USDT	0.0000%	8h	285.41	+0.161%	$505	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	285.12	+0.060%	$764K	$83K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IWM	+0.0032%	1h	285.50	+0.193%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.73	−0.077%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.77	−0.063%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0079%	8h	285.02	+0.025%	$67K	$33K	20x	as long as short
Binance IWMUSDTshort	+0.0087%	8h	285.02	+0.025%	$1.1M	$1.2M	20x
MEXC IWM_USDT	+0.0088%	8h	285.01	+0.021%	$881K	$83K	50x	as long as short
KuCoin IWMUSDTM	+0.0100%	8h	285.04	+0.032%	$141K	$909K	20x	as long as short