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 −0.046%

Price spread now: Bitget against KuCoin+0.048%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,496as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,467as in the Price arb table

costs, in and out, $10k−$1,47314.733% of the position

Long on KuCoin Short on Bitget

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)−0.040%−$4 · spread now +0.048%, 7d avg −0.016%

Together, before fees−0.266%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.063% dearer against KuCoin than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.016%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IBMUSDTM	231.48	0.0100	pay 0.0100% / 8h	5h 58m	$194K	$33K	20x
Short	Bitget IBMUSDT	231.59	0	get 0.0000% / 8h	5h 58m	$792K	$335K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$21
Price spread: +0.048% → −0.016%: $6.34
Slippage, 4 orders: −$1,449.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,487.94
Costs to cover: 14.733%
Break-even: never at this rate

Slippage from KuCoin: live order book, 37 min ago; Bitget: live order book, 2 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, 37 min ago	4.33 bp	706.6 bp −$707	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.67 bp	12.5 bp −$13	33.4 bp −$334	doesn't fit	doesn't fit

IBM on 17 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	231.40	−0.036%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.47	−0.004%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.56	+0.035%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.54	+0.026%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDTshort	0.0000%	8h	231.59	+0.048%	$792K	$335K	20x
Variational Omni IBM	0.0000%	8h	231.60	+0.052%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.29	−0.082%	$877	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.03	+0.238%	$5K	$34K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.51	+0.013%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.146%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0035%	1h	231.53	+0.022%	$1.2M	$2.8M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.035%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.39	−0.039%	$1.9M	$725K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0076%	8h	231.53	+0.024%	$285	$158K	10x	as long as short
Extended IBM-USD	+0.0088%	1h	231.56	+0.037%	$53K	$237K	10x	as long as short
Binance IBMUSDT	+0.0092%	8h	231.62	+0.060%	$3.9M	$5.2M	20x	as long as short
KuCoin IBMUSDTMlong	+0.0100%	8h	231.48	long leg	$194K	$33K	20x