Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against KuCoin+0.017%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$860as in the Funding arb table
Net, price: spread back to 7d avg − costs−$852as in the Price arb table
costs, in and out, $10k−$8518.510% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.017%, 7d avg +0.024%
=The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IBMUSDTM | 231.55 | 0.0100 | pay 0.0100% / 8h | 4h 15m | $194K | $34K | 20x |
| Short | Binance IBMUSDT | 231.59 | 0 | get 0.0000% / 8h | 4h 15m | $3.8M | $5.4M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$21
- Price spread: +0.017% → +0.024%
- −$0.73
- Slippage, 4 orders
- −$828.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$872.72
- Costs to cover
- 8.510%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 65 min ago; Binance: live order book, 8 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 KuCoin live order book, 65 min ago | 4.97 bp | 622.5 bp −$622 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.22 bp | 10.5 bp −$11 | 18.8 bp −$188 | 133.2 bp −$13.3K | 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 | 231.46 | −0.039% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 231.53 | −0.010% | $54K | $237K | 10x | as long as short |
| Binance IBMUSDTshort | 0.0000% | 8h | 231.59 | +0.017% | $3.8M | $5.4M | 20x | |
| Bybit IBMUSDT | 0.0000% | 8h | 231.46 | −0.039% | $982K | $348K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.52 | −0.013% | $1.4M | $1.1M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 231.54 | −0.004% | $805K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.59 | +0.017% | $786K | $341K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.55 | +0.002% | $256K | $15K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 231.57 | +0.007% | $572 | $159K | 10x | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.48 | −0.030% | $803 | $484K | 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 | 232.04 | +0.212% | $5K | $34K | 20x | as long as short |
| BloFin IBM-USDT | +0.0001% | 8h | 231.60 | +0.022% | $47K | $51K | 20x | as long as short |
| QFEX IBM-USD | +0.0026% | 1h | 231.50 | −0.022% | $1.2M | $2.4M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.39 | −0.069% | $38K | $43K | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.172% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.41 | −0.060% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.40 | −0.065% | $1.9M | $757K | 10x | as long as short |
| KuCoin IBMUSDTMlong | +0.0100% | 8h | 231.55 | long leg | $194K | $34K | 20x |
KuCoin IBMUSDTM
Binance IBMUSDT
Aster IBMUSDT
Extended IBM-USD
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_Perp
SunX IBM-USDT
HTX IBM-USDT
BloFin IBM-USDT
Lighter IBM
Injective IBM/USDC PERP
tradeXYZ xyz:IBM