Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%
Price spread now: Binance against Bybit+0.064%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)+0.189%+$19 · spread now +0.064%, 7d avg +0.073%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IBMUSDT | 232.65 | 0 | get 0.0000% / 8h | 6h 19m | $1.0M | $308K | 50x |
| Short | Binance IBMUSDT | 232.80 | 0 | get 0.0000% / 8h | 6h 19m | $3.8M | $4.7M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.064% → +0.073%
- −$0.92
- Slippage, 4 orders
- −$27.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.87
- Costs to cover
- 0.490%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Binance: 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 Bybit live order book, 4 min ago | 2.15 bp | 13.7 bp −$14 | 85.1 bp −$851 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.22 bp | 12.0 bp −$12 | 31.9 bp −$319 | 119.1 bp −$11.9K | doesn't fit |
IBM on 18 exchanges
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 | 232.58 | −0.029% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.73 | +0.035% | $54K | $312K | 10x | as long as short |
| Binance IBMUSDTshort | 0.0000% | 8h | 232.80 | +0.064% | $3.8M | $4.7M | 20x | |
| Bybit IBMUSDTlong | 0.0000% | 8h | 232.65 | long leg | $1.0M | $308K | 50x | |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.78 | +0.056% | $1.4M | $1.1M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.82 | +0.073% | $743K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.77 | +0.052% | $780K | $288K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.76 | +0.046% | $258K | $15K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 232.46 | −0.082% | $1K | $404K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.77 | +0.052% | $6K | $33K | 20x | as long as short |
Show all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IBM-USDT | +0.0006% | 8h | 232.74 | +0.039% | $47K | $61K | 20x | as long as short |
| QFEX IBM-USD | +0.0015% | 1h | 232.72 | +0.030% | $1.2M | $2.0M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 232.71 | +0.026% | $37K | $47K | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.583% | — | $57 | 12x | as long as short |
| tradeXYZ xyz:IBM | +0.0043% | 1h | 232.65 | 0.000% | $1.8M | $789K | 10x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.63 | −0.009% | — | — | 25x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.76 | +0.047% | $195K | $158K | 20x | as long as short |
| GRVT IBM_USDT_Perp | +0.0359% | 8h | 232.77 | +0.052% | $293 | $156K | 10x | as long as short |
Bybit IBMUSDT
Binance IBMUSDT
Aster IBMUSDT
Extended IBM-USD
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
SunX IBM-USDT
HTX IBM-USDT
BloFin IBM-USDT
Lighter IBM
Injective IBM/USDC PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM
GRVT IBM_USDT_Perp