IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.077%

Price spread now: GRVT against Gate+0.055%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now +0.055%, 7d avg +0.011%

Together, before fees+0.264%+ Points / potential airdropGRVT: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.044% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IBM_USDT	231.90	0	get 0.0000% / 8h	7h 56m	$743K	$1.4M	50x
Short	GRVT IBM_USDT_Perp	232.03	0.0019	get 0.0019% / 8h	7h 56m	$631	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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 GatebpFee GRVTbpOrdersPrice spread, now +0.055%Rate

Funding earned: $3.99
Price spread: +0.055% → +0.011%: $4.41
Slippage, 4 orders: −$57.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$73
Costs to cover: 0.814%
Break-even: 135.1 days

Slippage from Gate: live order book, 1 min ago; GRVT: live order book, 36 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 Gate live order book, 1 min ago	2.80 bp	16.9 bp −$17	195.0 bp −$1,950	doesn't fit	doesn't fit
Sell GRVT live order book, 36 min ago	1.51 bp	25.9 bp −$26	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	−0.0021%	8h	231.94	+0.017%	$47K	$60K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.98	+0.033%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.83	−0.028%	$53K	$311K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.88	−0.008%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.88	−0.009%	$1.0M	$353K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.85	−0.022%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTlong	0.0000%	8h	231.90	long leg	$743K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	231.83	−0.030%	$783K	$335K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.07	+0.075%	$257K	$13K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.02	+0.052%	$1K	$457K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.43	+0.229%	$6K	$33K	20x	as long as short
GRVT IBM_USDT_Perpshort	+0.0019%	8h	232.03	+0.055%	$631	$168K	10x
Lighter IBM	+0.0032%	1h	231.91	+0.004%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.303%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0036%	1h	231.89	−0.004%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.69	−0.091%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.77	−0.056%	$1.8M	$803K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.88	−0.009%	$194K	$56K	20x	as long as short