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IWM perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-10-15 04:09 UTC

IWM is quoted on 6 contracts. The highest funding rate is on Lighter at +3.50% annualised, quoted per 8h, and the lowest is on OKX at 0.00% — a gap of 3.50 points. Every contract here quotes its rate per 8h.

Highest rate now
+3.50%
Lighter · 8h
Lowest rate now
0.00%
OKX · 8h
Spread
3.50
points

By venue

Venue Rate Annualised 30d realised APR Max leverage 24h turnover Actions
LighterOn-chainIWM +0.0032%8h +3.50% —
no history yet
 10x 11.3K
Liquidation → Trade
AsterOn-chainIWMUSDT 0.0000%8h 0.00% —
no history yet
 20x 11.1K
Liquidation → Trade
BitgetCentralisedIWMUSDT 0.0000%8h 0.00% —
no history yet
 20x 77.5K
Liquidation → Trade
BybitCentralisedIWMUSDT 0.0000%8h 0.00% —
no history yet
 25x 150.9K
Liquidation → Trade
GateCentralisedIWM_USDT 0.0000%8h 0.00% —
no history yet
 20x 127.0K
Liquidation → Trade
OKXCentralisedIWM-USDT-SWAP 0.0000%8h 0.00% —
no history yet
 20x 202.3K
Liquidation → Trade

Common questions

Which exchanges list IWM perpetual futures?

IWM trades as 6 perpetual contracts across 6 venues: Aster, Bitget, Bybit, Gate, Lighter and OKX. The busiest is OKX, with $202.3K of 24h turnover — 35% of the total.

Where is IWM funding cheapest right now?

For a long, the most favourable collected rate is 0.00% annualised on OKX; for a short, it is +3.50% on Lighter — a gap of 3.50 points.

How much funding does a 10,000 USDT IWM position pay per day?

At current rates a 10,000 USDT long pays about +0.96 USDT a day on Lighter and 0.00 USDT on OKX.

How often does IWM funding settle?

It depends on the venue: Lighter every 1h; Aster, Bitget, Bybit, Gate and OKX every 8h.

What is the highest leverage available on IWM?

The highest collected cap is 25x, on Bybit. On Bybit it applies up to 50K USDT of notional; above that the cap drops to 24x.

Further readingCross-venue funding spreads: from gross rates to net P&LHow funding fees work: amounts, signs and settlementHow liquidation price is calculated: tiered maintenance margin and deductions

IWM comparison scope and payment direction

This page retains low-turnover IWM contracts without the main ranking’s $1M threshold. Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. These contracts quote in USD and USDT; check each specification for settlement currency and multiplier before comparing. Annualisation method · Official sources.

Trading link disclosure

Affiliate disclosure: We may earn a commission if you register and trade through some links. Partnerships do not influence the data displayed or rankings.

Margin ladders

Lighter · IWM No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – ∞ quote 6.0000% 10.00x —

Aster · IWMUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 1000000 quote 2.5000% 20.00x —
2 1000000 – 2000000 quote 5.0000% 10.00x 25000
3 2000000 – 5000000 quote 10.0000% 5.00x 125000
4 5000000 – 10000000 quote 12.5000% 4.00x 250000
5 10000000 – 20000000 quote 16.6700% 3.00x 667000
6 20000000 – 40000000 quote 25.0000% 2.00x 2333000
7 40000000 – 1000000000 quote 50.0000% 1.00x 12333000

Bitget · IWMUSDT No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 100000 quote 2.5000% 20.00x —
2 100000 – 500000 quote 4.0000% 15.00x —
3 500000 – 2000000 quote 5.0000% 10.00x —
4 2000000 – 5000000 quote 10.0000% 5.00x —
5 5000000 – 10000000 quote 12.5000% 4.00x —
6 10000000 – 25000000 quote 30.0000% 2.00x —
7 25000000 – ∞ quote 60.0000% 1.00x —

Bybit · IWMUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 50000 quote 2.0000% 25.00x —
2 50000 – 60000 quote 2.0800% 24.00x 40
3 60000 – 75000 quote 2.1700% 23.00x 94
4 75000 – 97500 quote 2.2700% 22.00x 169
5 97500 – 105000 quote 2.3800% 21.00x 276.25
6 105000 – 112500 quote 2.5000% 20.00x 402.25
7 112500 – 150000 quote 2.6300% 19.00x 548.5
8 150000 – 225000 quote 2.7800% 18.00x 773.5
9 225000 – 300000 quote 2.9400% 17.00x 1133.5
10 300000 – 375000 quote 3.1300% 16.00x 1703.5
11 375000 – 450000 quote 3.3300% 15.00x 2453.5
12 450000 – 675000 quote 3.5700% 14.00x 3533.5
13 675000 – 900000 quote 3.8500% 13.00x 5423.5
14 900000 – 1200000 quote 4.1700% 12.00x 8303.5
15 1200000 – 1500000 quote 4.5500% 11.00x 12863.5
16 1500000 – 2500000 quote 5.0000% 10.00x 19613.5
17 2500000 – 3000000 quote 5.5600% 9.00x 33613.5
18 3000000 – 3500000 quote 6.2500% 8.00x 54313.5
19 3500000 – 4000000 quote 7.1400% 7.00x 85463.5
20 4000000 – 4500000 quote 8.3300% 6.00x 133063.5
21 4500000 – 5000000 quote 10.0000% 5.00x 208213.5
22 5000000 – 8750000 quote 11.1100% 4.50x 263713.5
23 8750000 – 12500000 quote 12.5000% 4.00x 385338.5
24 12500000 – 15625000 quote 14.2900% 3.50x 609088.5
25 15625000 – 18750000 quote 16.6700% 3.00x 980963.5
26 18750000 – 25000000 quote 20.0000% 2.50x 1605338.5
27 25000000 – 37500000 quote 25.0000% 2.00x 2855338.5
28 37500000 – 50000000 quote 28.5700% 1.75x 4194088.5
29 50000000 – 65000000 quote 33.3300% 1.50x 6574088.5
30 65000000 – ∞ quote 50.0000% 1.00x 17409588.5

Gate · IWM_USDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 2.5000% 20.00x —
2 5000 – 10000 quote 3.0000% 16.00x 25
3 10000 – 20000 quote 3.5000% 14.00x 75
4 20000 – 30000 quote 4.0000% 12.00x 175
5 30000 – 50000 quote 5.0000% 10.00x 475
6 50000 – 70000 quote 6.5000% 8.00x 1225
7 70000 – 100000 quote 8.0000% 6.00x 2275
8 100000 – 200000 quote 10.0000% 5.00x 4275
9 200000 – 300000 quote 15.0000% 4.00x 14275
10 300000 – 500000 quote 20.0000% 3.00x 29275
11 500000 – 1000000 quote 25.0000% 2.00x 54275
12 1000000 – 1500000 quote 40.0000% 1.50x 204275
13 1500000 – ∞ quote 70.0000% 1.05x 654275

OKX · IWM-USDT-SWAP No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 70 base 2.0000% 20.00x —
2 70.01 – 140 base 3.0000% 15.00x —
3 140.01 – 210 base 4.0000% 12.50x —
4 210.01 – 280 base 4.5000% 11.76x —
5 280.01 – 350 base 5.0000% 11.11x —
6 350.01 – 420 base 5.5000% 10.52x —
7 420.01 – 490 base 6.0000% 10.00x —
8 490.01 – 560 base 6.5000% 9.52x —
9 560.01 – 630 base 7.0000% 9.09x —
10 630.01 – 700 base 7.5000% 8.69x —
11 700.01 – 770 base 8.0000% 8.33x —
12 770.01 – 840 base 8.5000% 8.00x —
13 840.01 – 910 base 9.0000% 7.69x —
14 910.01 – 980 base 9.5000% 7.40x —
15 980.01 – 1050 base 10.0000% 7.14x —
16 1050.01 – 1120 base 10.5000% 6.89x —
17 1120.01 – 1190 base 11.0000% 6.66x —
18 1190.01 – 1260 base 11.5000% 6.45x —
19 1260.01 – 1330 base 12.0000% 6.25x —
20 1330.01 – 1400 base 12.5000% 6.06x —
21 1400.01 – 1470 base 13.0000% 5.88x —
22 1470.01 – 1540 base 13.5000% 5.71x —
23 1540.01 – 1610 base 14.0000% 5.55x —
24 1610.01 – 1680 base 14.5000% 5.40x —
25 1680.01 – 1750 base 15.0000% 5.26x —
26 1750.01 – 1820 base 15.5000% 5.12x —
27 1820.01 – 1890 base 16.0000% 5.00x —
28 1890.01 – 1960 base 16.5000% 4.87x —
29 1960.01 – 2030 base 17.0000% 4.76x —
30 2030.01 – 2100 base 17.5000% 4.65x —
31 2100.01 – 2170 base 18.0000% 4.54x —
32 2170.01 – 2240 base 18.5000% 4.44x —
33 2240.01 – 2310 base 19.0000% 4.34x —
34 2310.01 – 2380 base 19.5000% 4.25x —
35 2380.01 – 2450 base 20.0000% 4.16x —
36 2450.01 – 2520 base 20.5000% 4.08x —
37 2520.01 – 2590 base 21.0000% 4.00x —
38 2590.01 – 2660 base 21.5000% 3.92x —
39 2660.01 – 2730 base 22.0000% 3.84x —
40 2730.01 – 2800 base 22.5000% 3.77x —
41 2800.01 – 2870 base 23.0000% 3.70x —
42 2870.01 – 2940 base 23.5000% 3.63x —
43 2940.01 – 3010 base 24.0000% 3.57x —
44 3010.01 – 3080 base 24.5000% 3.50x —
45 3080.01 – 3150 base 25.0000% 3.44x —
46 3150.01 – 3220 base 25.5000% 3.38x —
47 3220.01 – 3290 base 26.0000% 3.33x —
48 3290.01 – 3360 base 26.5000% 3.27x —
49 3360.01 – 3430 base 27.0000% 3.22x —
50 3430.01 – 3500 base 27.5000% 3.17x —
51 3500.01 – 3570 base 28.0000% 3.12x —
52 3570.01 – 3640 base 28.5000% 3.07x —
53 3640.01 – 3710 base 29.0000% 3.03x —
54 3710.01 – 3780 base 29.5000% 2.98x —
55 3780.01 – 3850 base 30.0000% 2.94x —
56 3850.01 – 3920 base 30.5000% 2.89x —
57 3920.01 – 3990 base 31.0000% 2.85x —
58 3990.01 – 4060 base 31.5000% 2.81x —
59 4060.01 – 4130 base 32.0000% 2.77x —
60 4130.01 – 4200 base 32.5000% 2.73x —
61 4200.01 – 4270 base 33.0000% 2.70x —
62 4270.01 – 4340 base 33.5000% 2.66x —
63 4340.01 – 4410 base 34.0000% 2.63x —
64 4410.01 – 4480 base 34.5000% 2.59x —
65 4480.01 – 4550 base 35.0000% 2.56x —
66 4550.01 – 4620 base 35.5000% 2.53x —
67 4620.01 – 4690 base 36.0000% 2.50x —
68 4690.01 – 4760 base 36.5000% 2.46x —
69 4760.01 – 4830 base 37.0000% 2.43x —
70 4830.01 – 4900 base 37.5000% 2.40x —
71 4900.01 – 4970 base 38.0000% 2.38x —
72 4970.01 – 5040 base 38.5000% 2.35x —
73 5040.01 – 5110 base 39.0000% 2.32x —
74 5110.01 – 5180 base 39.5000% 2.29x —
75 5180.01 – 5250 base 40.0000% 2.27x —
76 5250.01 – 5320 base 40.5000% 2.24x —
77 5320.01 – 5390 base 41.0000% 2.22x —
78 5390.01 – 5460 base 41.5000% 2.19x —
79 5460.01 – 5530 base 42.0000% 2.17x —
80 5530.01 – 5600 base 42.5000% 2.15x —
81 5600.01 – 5670 base 43.0000% 2.12x —
82 5670.01 – 5740 base 43.5000% 2.10x —
83 5740.01 – 5810 base 44.0000% 2.08x —
84 5810.01 – 5880 base 44.5000% 2.06x —
85 5880.01 – 5950 base 45.0000% 2.04x —
86 5950.01 – 6020 base 45.5000% 2.02x —
87 6020.01 – 6090 base 46.0000% 2.00x —