IWM

IWM token vs the real share

IWMx on Solana against the ordinary IWM share, sampled every 15 minutes.

Latest basis
+1.08%
token trades above the share · 2026-09-03 01:53 UTC
token$297.1924vsshare$294.01
Pool depth $152price frozen

Read this one carefully. The IWMx price did not change once across the window — an AMM quote only moves when somebody swaps, so this is the price of the last trade, not a live market.

Basis history

1d · 1h buckets · 22 samples
negative = token cheaper than the share
+1.20%0-0.09%
2 Sep3 Sep
Average
+1.09%
Widest discount
+1.04%
Widest premium
+1.17%
Distinct token prices
1

Why this matters for a delta-neutral position

The perps on IWM price off the ordinary share — marks sit within about 0.10–0.15% of it — while the long leg of the carry is bought as a token on Solana. So this gap is not a curiosity: it is the entry cost of the position, charged in full on the way in. Buying at a discount is a rebate if the gap closes before you exit and a loss if it widens, which is precisely the question this series was started to settle. "Distinct token prices" is the quickest sanity check available: if the count is 1, nothing traded and the number above is a leftover quote.

Samples land every 15 minutes and are kept 90 days. Readings beyond ±20% are never recorded — past that it is a broken pool quote, not a basis.

IWM funding rates across venues → xStocks scanner →