IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.083%

Price spread now: GRVT against Bitget+0.009%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.214%+$21 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now +0.009%, 7d avg +0.031%

Together, before fees+0.451%+ Points / potential airdropGRVT: Active · farm board+$45 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.022% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IBMUSDT	231.56	0	get 0.0000% / 8h	5h 13m	$786K	$342K	20x
Short	GRVT IBM_USDT_Perp	231.58	0.0002	get 0.0002% / 8h	5h 13m	$447	$157K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0.42
Price spread: +0.009% → +0.031%: −$2.21
Slippage, 4 orders: −$32.62
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$55.41
Costs to cover: 0.536%
Break-even: 930.5 days

Slippage from Bitget: live order book, 47 min ago; GRVT: live order book, 45 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, 47 min ago	3.67 bp	15.1 bp −$15	49.8 bp −$498	doesn't fit	doesn't fit
Sell GRVT live order book, 45 min ago	1.51 bp	12.9 bp −$13	doesn't fit	doesn't fit	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	231.49	−0.028%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.41	−0.065%	$977K	$348K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.60	+0.017%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.55	−0.004%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDTlong	0.0000%	8h	231.56	long leg	$786K	$342K	20x
Variational Omni IBM	0.0000%	8h	231.50	−0.026%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.29	−0.117%	$828	$486K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.78	+0.095%	$5K	$33K	20x	as long as short
GRVT IBM_USDT_Perpshort	+0.0002%	8h	231.58	+0.009%	$447	$157K	10x
Lighter IBM	+0.0032%	1h	231.51	−0.022%	$38K	$43K	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	−13.176%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.46	−0.043%	$1.2M	$2.6M	10x	as long as short
BloFin IBM-USDT	+0.0036%	8h	231.48	−0.035%	$669	$52K	20x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.44	−0.052%	—	—	25x	as long as short
Binance IBMUSDT	+0.0046%	8h	231.58	+0.009%	$3.9M	$5.4M	20x	as long as short
Extended IBM-USD	+0.0048%	1h	231.52	−0.017%	$54K	$236K	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.42	−0.060%	$1.9M	$745K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.53	−0.013%	$194K	$34K	20x	as long as short