IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0119%/8h= +13.0% APRnext payment +$1.19 per $10,000 · paid last 24h +0.048%

Price spread now: Binance against Bitget+0.013%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$710.708% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 2 days (all we have)+0.053%+$5 · spread now +0.013%, 7d avg +0.036%

Together, before fees+0.185%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.023% cheaper against Bitget than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.036%). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IBMUSDT	231.32	0	get 0.0000% / 8h	6h 48m	$791K	$343K	20x
Short	Binance IBMUSDT	231.35	0.0119	get 0.0119% / 8h	6h 48m	$3.9M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: $24.96
Price spread: +0.013% → +0.036%: −$2.34
Slippage, 4 orders: −$48.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$48.22
Costs to cover: 0.708%
Break-even: 20.5 days

Slippage from Bitget: live order book, 17 min ago; Binance: live order book, 4 min ago.

Cost to enter

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 17 min ago	1.73 bp	27.3 bp −$27	74.2 bp −$742	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.22 bp	15.8 bp −$16	42.8 bp −$428	157.4 bp −$15.7K	doesn't fit

IBM on 18 venues

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	231.12	−0.085%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.20	−0.052%	$973K	$348K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.38	+0.026%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.27	−0.022%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDTlong	0.0000%	8h	231.32	long leg	$791K	$343K	20x
Variational Omni IBM	0.0000%	8h	231.28	−0.018%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.29	−0.015%	$273	$161K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.12	−0.086%	$1K	$488K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.48	+0.069%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0029%	1h	231.17	−0.065%	$1.2M	$3.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.12	−0.086%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.086%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.05	−0.117%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.12	−0.086%	$1.9M	$722K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.17	−0.065%	$194K	$33K	20x	as long as short
Binance IBMUSDTshort	+0.0119%	8h	231.35	+0.013%	$3.9M	$5.3M	20x
Extended IBM-USD	+0.0120%	1h	231.29	−0.013%	$54K	$235K	10x	as long as short
BloFin IBM-USDT	+0.0122%	8h	231.18	−0.061%	$46K	$52K	20x	as long as short