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IWM Funding Rate

IWM perpetual funding on 12 exchanges: the current rate, annualized, what was actually paid and the payment history. Positive means longs pay shorts.

Updated · How we count

IWM funding rate on every exchange

ExchangeRate per 8 hPer periodPredictedBy premiumAnnual1 day · 7 days · 30 daysNext payment24h volume
WEEX8 hbest long−0.0021%−0.0021%—+0.0100%−2.3%−0.0090%−0.126%−0.415%$74.3K
KuCoin8 h0.0000%0.0000%——0.0%0.0000%0.0000%0.0000%$631.9K
MEXC8 h0.0000%0.0000%—+0.0100%0.0%0.0000%+0.0193%+0.161%$100.7K
Bybit8 h0.0000%0.0000%—+0.0031%0.0%0.0000%+0.0176%−0.0038%$57.4K
Binance8 h0.0000%0.0000%—+0.0100%0.0%0.0000%+0.0191%+0.162%—
XT8 h0.0000%0.0000%—−0.0519%0.0%0.0000%+0.0220%−0.0101%$521.8K
LBank8 h0.0000%0.0000%—+0.0100%0.0%0.0000%+0.0191%+0.157%—
HTX8 h0.0000%0.0000%——0.0%+0.0183%+0.0183%+0.0183%$54.1K
Gate8 h0.0000%0.0000%—+0.0692%0.0%0.0000%+0.0334%+0.0152%$69.8K
Toobit8 h0.0000%0.0000%—+0.0100%0.0%0.0000%+0.0191%+0.161%$52.6K
Crypto.com1 h+0.0046%+0.0006%——5.0%+0.0137%+0.841%+3.665%—
Deepcoin8 hbest short+0.0100%+0.0100%——11.0%−0.0300%−0.0182%+0.469%$1.4M

What IWM funding actually paid

Over 7 days, a IWM long paid +0.0721% on average across exchanges (3.8% a year). The most on Crypto.com (+0.841%), the least on WEEX (−0.126%).

Over 30 days, a IWM long paid +0.365% on average across exchanges (4.5% a year). The most on Crypto.com (+3.665%), the least on WEEX (−0.415%).

IWM funding rate history chart

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IWM funding arbitrage right now

Among the exchanges that publish a 24h volume, the lowest rate now is on WEEX (−0.0021% per 8 h), the highest on Deepcoin (+0.0100%). Long on WEEX and short on Deepcoin, price hedged: a difference of 13.2% a year before fees and before the rates move.

Rates only. The price spread between the two perps, fees to enter and exit, book depth and whether the rate holds are in the futures screener →

IWM perpetual futures by exchange

DeepcoinIWM/USDT:USDT$277.0350$1.4M
KuCoinIWM/USDT:USDT$277.0300$631.9K
XTIWM/USDT:USDT$276.6900$521.8K
MEXCIWM/USDT:USDT$277.0350$100.7K
WEEXIWM/USDT:USDT$277.0300$74.3K
GateIWM/USDT:USDT$277.1250$69.8K
BybitIWM/USDT:USDT$276.8500$57.4K
HTXIWM/USDT:USDT$277.5550$54.1K
ToobitIWM/USDT:USDT$277.0450$52.6K
Crypto.comIWM/USD:USD$276.3150—
BinanceIWM/USDT:USDT$277.0350—
LBankIWM/USDT:USDT—
IWM page: spot, routes, networks

FAQ

What is the IWM funding rate?

A periodic payment between long and short holders of IWM perpetual futures that keeps the contract price near spot. When the rate is positive, longs pay shorts; when negative, shorts pay longs. Right now it ranges from −0.0021% to 0.0100% per 8 hours across 12 exchanges.

How often is IWM funding paid?

Every 8 hours on most exchanges, every 1–4 hours on some (Hyperliquid pays hourly). The table shows each exchange's interval and the time to the next payment.

Why is the IWM funding rate different on each exchange?

Each exchange computes it from its own premium of perpetual over index price and its own interval and caps. The difference is what funding arbitrage earns: short where funding is highest, long where it is lowest.

Does a high APR mean high profit?

No. APR extrapolates the current rate over a year, and rates change every period. Compare it with what was actually paid over 7 and 30 days in the table above.