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iShares Russell 2000 ETF (IWM) Perpetual Futures

iShares Russell 2000 ETF (IWM) Perpetual Futures — Live Data

Market Overview

IWM tracks the Russell 2000 index of US small-cap stocks, representing the performance of smaller domestic companies more exposed to US economic conditions than large multinationals. IWM perpetual futures are useful for expressing views on US domestic economic health, with small-caps outperforming large-caps during strong US growth phases and underperforming during credit tightening cycles.

IWM Perps Data — ETF Category

This page tracks perpetual futures data for ETF contracts including volume, open interest, funding rates, and liquidation flows. ETF perps on decentralized exchanges mirror the exposure of their underlying indices and commodities, making the data directly comparable to index and commodity perp metrics. Open interest in SPY and QQQ perps reflects retail and institutional equity positioning that tends to correlate with crypto market conditions, particularly during tech-driven rallies where BTC and NDX move together. GLD perp funding rates and open interest serve as a proxy for precious metals demand that complements the XAUUSD commodity perp data. Volume trends across ETF perps help identify whether multi-asset traders are rotating between equity, commodity, and crypto exposure on-chain.

Trading Tips for iShares Russell 2000 ETF Perps

IWM is more sensitive to US domestic economic conditions and credit availability than SPY or QQQ. Small-caps rally during rate-cutting cycles as financing costs drop. The IWM/SPY ratio is a classic risk appetite indicator — when IWM outperforms, it signals broad market confidence beyond mega-cap leadership.

Where to Trade iShares Russell 2000 ETF (IWM) Perpetual Futures

iShares Russell 2000 ETF (IWM) perpetual futures are available on 2 exchanges. Compare fees, leverage, and features below to find the best platform for trading IWM perps.

Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Maker Fee
0.080%
Taker Fee
0.080%
Max Leverage
1000x
Rating
8.0/5
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5

Frequently Asked Questions — iShares Russell 2000 ETF (IWM)

What is the current IWM perpetual futures funding rate?
The live iShares Russell 2000 ETF (IWM) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing IWM perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest IWM perp trading fees?
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 IWM perpetual futures trade across all major exchanges. Compare fees for IWM perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does iShares Russell 2000 ETF open interest compare across exchanges?
iShares Russell 2000 ETF (IWM) open interest is broken down by exchange in the chart above, showing the total value of outstanding IWM derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the IWM long/short ratio indicate?
The iShares Russell 2000 ETF long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade IWM perpetual futures?
iShares Russell 2000 ETF (IWM) perps are currently listed on 2 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

Category: ETF · Data updates every 2 minutes · All rates shown are annualized