ArbiLayer

IWM arbitrage

live

Live iShares Russell 2000 ETF (Dinari Tokenized ETF) price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.08%Variational → HTX · Perp–Perp
Best perp–perp spread+0.08%Variational → HTX
Markets tracked1010 venues · 10 perp · 0 spot · 0 DEX
Price range0.25%$278.07 – $278.75

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$278.20HTX logoHTX$278.42 +0.08%-0.08% +0.08%— 0.000%— LS Chart →
Gate logoGate$278.22HTX logoHTX$278.42 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
Binance logoBinance$278.24HTX logoHTX$278.42 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
MEXC logoMEXC$278.24HTX logoHTX$278.42 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
OKX logoOKX$278.27HTX logoHTX$278.42 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Bybit logoBybit$278.28HTX logoHTX$278.42 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Aster logoAster$278.30HTX logoHTX$278.42 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Variational logoVariational$278.20Bitget logoBitget$278.22 +0.01%-0.15% +0.01%— 0.000%— LS Chart →
Bitget logoBitget$278.41HTX logoHTX$278.42 +0.00%-0.16% +0.00%— 0.000%— LS Chart →
Gate logoGate$278.22Bitget logoBitget$278.22 0.00%-0.16% 0.00%— 0.000%— LS Chart →
KuCoin logoKuCoin$278.44HTX logoHTX$278.42 -0.01%-0.17% -0.01%— 0.000%— LS Chart →
Binance logoBinance$278.24Bitget logoBitget$278.22 -0.01%-0.17% -0.01%— 0.000%— LS Chart →
MEXC logoMEXC$278.24Bitget logoBitget$278.22 -0.01%-0.17% -0.01%— 0.000%— LS Chart →
Variational logoVariational$278.20Bybit logoBybit$278.16 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
OKX logoOKX$278.27Bitget logoBitget$278.22 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

IWM price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · IWMUSDTMPerpetual $277.94$278.44$278.19+0.00% 0.000%$1.66M
Bybit logoBybitPerpetual · IWMUSDTPerpetual $278.16$278.28$278.22+0.01% 0.000%$351.0K
Variational logoVariationalPerpetual · IWMPerpetual $277.93$278.20$278.07-0.04% 0.000%$162.1K
MEXC logoMEXCPerpetual · IWM_USDTPerpetual $277.98$278.24$278.11-0.03% 0.000%$114.2K
Bitget logoBitgetPerpetual · IWMUSDTPerpetual $278.22$278.41$278.32+0.05% 0.000%$52.6K
Gate logoGatePerpetual · IWM_USDTPerpetual $278.14$278.22$278.18-0.00% 0.000%$49.6K
OKX logoOKXPerpetual · IWM-USDT-SWAPPerpetual $277.92$278.27$278.10-0.03% 0.000%$45.6K
HTX logoHTXPerpetual · IWM-USDTPerpetual $278.42$279.08$278.75+0.20% 0.000%$44.1K
Binance logoBinancePerpetual · IWMUSDTPerpetual $278.12$278.24$278.18-0.00% 0.000%—
Aster logoAsterPerpetual · IWMUSDTPerpetual $278.08$278.30$278.19+0.00% 0.000%—
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

IWM arbitrage explained

Right now iShares Russell 2000 ETF (Dinari Tokenized ETF) (IWM) trades on 10 venues we scan: 10 perpetual markets, 0 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $278.20 and the highest bid on HTX perp at $278.42.

The widest IWM perpetual spread is between Variational and HTX: long IWM on Variational at $278.20 and short on HTX at $278.42 for +0.08% gross, or -0.08% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

Small IWM gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: IWM funding rates · IWM spread charts · iShares Russell 2000 ETF (Dinari Tokenized ETF) price · arbitrage scanner for all coins.

Is there a IWM arbitrage opportunity right now?

The best IWM route right now is to buy on Variational → sell on HTX (Perp–Perp): +0.08% gross and -0.08% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest IWM?

Variational (perp) has the lowest IWM ask at $278.20, and HTX (perp) the highest bid at $278.42. Prices update every 15 seconds on this page.

How many exchanges list IWM?

ArbiLayer tracks 10 IWM markets on 10 venues: 10 perpetual, 0 spot and 0 DEX pools.

How do I arbitrage IWM without transferring coins?

Use two perpetual contracts: go long IWM on the cheaper exchange (Variational now) and short it on the more expensive one (HTX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

CRO +17.46%POWER +14.27%OKB +14.09%BLAST +11.24%UPC +7.62%C98 +6.94%ESPORTS +6.39%OPENAI +6.27%BDX +6.17%AI +4.57%ONE +4.34%ZEUS +3.43%ANTHROPIC +3.28%H100 +3.15%RLC +3.01%ZIL +2.95%EGLD +2.86%SPCX +2.77%