IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.045%

Price spread now: KuCoin against Bitget−0.026%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$836as in the Funding arb table

Net, price: spread back to 7d avg − costs−$863as in the Price arb table

costs, in and out, $10k−$8598.586% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.026%, 7d avg +0.015%

Together, before fees+0.312%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.041% cheaper against Bitget than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.015%). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IBMUSDT	231.58	0	get 0.0000% / 8h	5h 10m	$786K	$342K	20x
Short	KuCoin IBMUSDTM	231.52	0.0100	get 0.0100% / 8h	5h 10m	$194K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.026%Rate

Funding earned: $21
Price spread: −0.026% → +0.015%: −$4.08
Slippage, 4 orders: −$834.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$841.73
Costs to cover: 8.586%
Break-even: 287.6 days

Slippage from Bitget: live order book, 50 min ago; KuCoin: live order book, 10 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, 50 min ago	3.67 bp	15.1 bp −$15	49.8 bp −$498	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	4.97 bp	208.5 bp −$208	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	−0.039%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.41	−0.073%	$977K	$348K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.62	+0.017%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.60	+0.009%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDTlong	0.0000%	8h	231.58	long leg	$786K	$342K	20x
Variational Omni IBM	0.0000%	8h	231.53	−0.022%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.57	−0.004%	$523	$158K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.39	−0.082%	$912	$485K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.89	+0.134%	$5K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0016%	8h	231.57	−0.004%	$669	$52K	20x	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	231.48	−0.043%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.183%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.50	−0.035%	$1.2M	$2.6M	10x	as long as short
Extended IBM-USD	+0.0040%	1h	231.54	−0.018%	$54K	$236K	10x	as long as short
Binance IBMUSDT	+0.0040%	8h	231.60	+0.007%	$3.9M	$5.4M	20x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.44	−0.060%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.34	−0.104%	$1.9M	$748K	10x	as long as short
KuCoin IBMUSDTMshort	+0.0100%	8h	231.52	−0.026%	$194K	$34K	20x