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 Bybit+0.073%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$783as in the Funding arb table

Net, price: spread back to 7d avg − costs−$803as in the Price arb table

costs, in and out, $10k−$8058.054% of the position

Long on Bybit 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)+0.013%+$1 · spread now +0.073%, 7d avg +0.050%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IBMUSDT	231.45	0	get 0.0000% / 8h	3h 47m	$982K	$347K	50x
Short	KuCoin IBMUSDTM	231.62	0.0100	get 0.0100% / 8h	3h 47m	$195K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.073%Rate

Funding earned: $21
Price spread: +0.073% → +0.050%: $2.34
Slippage, 4 orders: −$782.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$782.08
Costs to cover: 8.054%
Break-even: 267.7 days

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 23 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, 3 min ago	3.03 bp	13.7 bp −$14	87.6 bp −$876	doesn't fit	doesn't fit
Sell KuCoin live order book, 23 min ago	5.18 bp	44.1 bp −$44	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
BloFin IBM-USDT	−0.0009%	8h	231.52	+0.030%	$46K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.42	−0.011%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.52	+0.032%	$54K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.59	+0.059%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDTlong	0.0000%	8h	231.45	long leg	$982K	$347K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	231.64	+0.082%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.56	+0.048%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.58	+0.056%	$786K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.55	+0.045%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.56	+0.049%	$933	$160K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	231.42	−0.013%	$1K	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.83	+0.164%	$6K	$34K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.53	+0.035%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.44	−0.004%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.135%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.34	−0.048%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.32	−0.056%	$1.9M	$763K	10x	as long as short
KuCoin IBMUSDTMshort	+0.0100%	8h	231.62	+0.073%	$195K	$34K	20x