IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against KuCoin+0.043%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$939as in the Funding arb table

Net, price: spread back to 7d avg − costs−$924as in the Price arb table

costs, in and out, $10k−$9279.275% of the position

Long on KuCoin Short on Gate

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)−0.036%−$4 · spread now +0.043%, 7d avg +0.012%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.031% dearer against KuCoin than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of +0.012%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IBMUSDTM	232.78	0.0100	pay 0.0100% / 8h	6h 17m	$195K	$159K	20x
Short	Gate IBM_USDT	232.88	0	get 0.0000% / 8h	6h 17m	$744K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.043%Rate

Funding earned: −$21
Price spread: +0.043% → +0.012%: $3.05
Slippage, 4 orders: −$900.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$945.43
Costs to cover: 9.275%
Break-even: never at this rate

Slippage from KuCoin: live order book, 25 min ago; Gate: live order book, 3 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, 25 min ago	4.30 bp	699.1 bp −$699	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.43 bp	19.2 bp −$19	211.1 bp −$2,111	doesn't fit	doesn't fit

IBM on 18 exchanges

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	232.74	−0.017%	$47K	$61K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.58	−0.084%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.79	+0.002%	$53K	$313K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.85	+0.032%	$3.8M	$4.7M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.66	−0.052%	$1.0M	$308K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.80	+0.009%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	232.88	+0.043%	$744K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	232.83	+0.021%	$780K	$288K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.76	−0.010%	$258K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.46	−0.137%	$1K	$404K	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.91	+0.056%	$6K	$33K	20x	as long as short
QFEX IBM-USD	+0.0015%	1h	232.77	−0.004%	$1.2M	$2.0M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.74	−0.017%	$37K	$47K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.631%	—	$57	12x	as long as short
tradeXYZ xyz:IBM	+0.0045%	1h	232.69	−0.039%	$1.8M	$789K	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.74	−0.017%	—	—	25x	as long as short
KuCoin IBMUSDTMlong	+0.0100%	8h	232.78	long leg	$195K	$159K	20x
GRVT IBM_USDT_Perp	+0.0367%	8h	232.80	+0.010%	$293	$156K	10x	as long as short