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 +0.040%

Price spread now: KuCoin against Gate+0.022%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$798as in the Funding arb table

Net, price: spread back to 7d avg − costs−$806as in the Price arb table

costs, in and out, $10k−$8108.097% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.022%, 7d avg −0.011%

Together, before fees+0.093%+$9 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 0.033% dearer against Gate than usual: you sell high and buy low: +$3 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	231.54	0	get 0.0000% / 8h	3h 49m	$801K	$1.4M	50x
Short	KuCoin IBMUSDTM	231.59	0.0100	get 0.0100% / 8h	3h 49m	$195K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.022%Rate

Funding earned: $21
Price spread: +0.022% → −0.011%: $3.29
Slippage, 4 orders: −$782.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$785.45
Costs to cover: 8.097%
Break-even: 268.8 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 21 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, 3 min ago	4.10 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 21 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	−0.009%	$46K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.41	−0.057%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.51	−0.012%	$54K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.58	+0.016%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.43	−0.048%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.64	+0.043%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDTlong	0.0000%	8h	231.54	long leg	$801K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	231.55	+0.004%	$786K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.55	+0.006%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.56	+0.010%	$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	231.48	−0.026%	$1K	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.83	+0.125%	$6K	$34K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.49	−0.022%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.42	−0.052%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.168%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.36	−0.078%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.28	−0.112%	$1.9M	$763K	10x	as long as short
KuCoin IBMUSDTMshort	+0.0100%	8h	231.59	+0.022%	$195K	$34K	20x