IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0165%/8h= −18.1% APRnext payment −$1.65 per $10,000 · paid last 24h −0.026%

Price spread now: OKX against Binance0.000%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$490.491% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 2 days (all we have)−0.005%$0 · spread now 0.000%, 7d avg −0.014%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IBMUSDT	231.58	0.0165	pay 0.0165% / 8h	22m 06s	$3.9M	$5.8M	20x
Short	OKX IBM-USDT-SWAP	231.58	0	get 0.0000% / 8h	22m 06s	$1.4M	$1.2M	20x

Funding history

latest

Range statsloading…

OKX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BinancebpFee OKXbpOrdersPrice spread, now 0.000%Rate

Slippage from Binance: live order book, 1 min ago; OKX: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 1 min ago	0.65 bp	12.3 bp −$12	36.8 bp −$368	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.30 bp	13.2 bp −$13	176.3 bp −$1,763	doesn't fit	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IBMUSDT	0.0000%	8h	231.93	+0.149%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.39	−0.082%	$976K	$376K	50x	as long as short
OKX IBM-USDT-SWAPshort	0.0000%	8h	231.58	0.000%	$1.4M	$1.2M	20x
Gate IBM_USDT	0.0000%	8h	231.53	−0.022%	$797K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.52	−0.026%	$798K	$404K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.55	−0.011%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.30	−0.121%	$932	$535K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.96	+0.164%	$5K	$33K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.51	−0.030%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.54	−0.017%	$38K	$47K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.183%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.078%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.086%	$2.0M	$808K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.39	−0.082%	$194K	$34K	20x	as long as short
Binance IBMUSDTlong	+0.0165%	8h	231.58	long leg	$3.9M	$5.8M	20x
Extended IBM-USD	+0.0168%	1h	231.54	−0.019%	$54K	$202K	10x	as long as short
BloFin IBM-USDT	+0.0180%	8h	231.67	+0.039%	$46K	$52K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0405%	8h	231.53	−0.022%	$702	$170K	10x	as long as short