IWM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Variational Omni−0.001%7-day average +0.019% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.001%, 7d avg +0.019%

Together, before fees+0.096%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.020% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.019%). If the spread goes back, that is −$2 on $10k: about 16 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	Variational Omni IWM	284.92	0	get 0.0000% / 8h	7h 43m	$169K	$217K	—
Short	KuCoin IWMUSDTM	284.92	0.0100	get 0.0100% / 8h	7h 43m	$141K	$910K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now −0.001%Rate

Funding earned: $21
Price spread: −0.001% → +0.019%: −$2.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $6.96
Costs to cover: 0.120%
Break-even: 4.7 days

Slippage unknown: Variational Omni: RFQ quote, 55 min ago; KuCoin: live order book, 31 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 Variational Omni RFQ quote, 55 min ago	2.94 bp	doesn't fit	81.4 bp −$814	doesn't fit	doesn't fit
Sell KuCoin live order book, 31 min ago	3.50 bp	260.1 bp −$260	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	284.75	−0.060%	$2K	$221	20x	as long as short
Bybit IWMUSDT	0.0000%	8h	284.70	−0.078%	$563K	$73K	25x	as long as short
OKX IWM-USDT-SWAP	0.0000%	8h	284.82	−0.036%	$437K	$158K	20x	as long as short
Gate IWM_USDT	0.0000%	8h	284.89	−0.012%	$601K	$163K	20x	as long as short
Bitget IWMUSDT	0.0000%	8h	284.72	−0.071%	$440K	$15K	20x	as long as short
Variational Omni IWMlong	0.0000%	8h	284.92	long leg	$169K	$217K	—
GRVT IWM_USDT_Perp	0.0000%	8h	285.05	+0.046%	$687	$101K	10x	as long as short
SunX IWM-USDT	0.0000%	8h	285.07	+0.052%	$790	$461K	10x	as long as short
HTX IWM-USDT	0.0000%	8h	284.85	−0.026%	$544	$38K	20x	as long as short
Phemex IWMUSDT	0.0000%	8h	284.88	−0.015%	$764K	$84K	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	284.86	−0.022%	$74K	$19K	10x	as long as short
Markets by Kinetiq mkts:SMALL2000	+0.0046%	1h	284.56	−0.127%	$564K	$358K	20x	as long as short
Vest IWM-USD-PERP	+0.0046%	1h	284.67	−0.089%	—	$1K	25x	as long as short
BloFin IWM-USDT	+0.0063%	8h	285.00	+0.027%	$67K	$33K	20x	as long as short
Binance IWMUSDT	+0.0078%	8h	284.80	−0.043%	$1.1M	$1.2M	20x	as long as short
MEXC IWM_USDT	+0.0079%	8h	284.79	−0.047%	$880K	$83K	50x	as long as short
KuCoin IWMUSDTMshort	+0.0100%	8h	284.92	−0.001%	$141K	$910K	20x