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Funding arb · Price arb /

IBM

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.013%
Price spread now: Bybit against QFEX−0.052%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Long on QFEXShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.023%−$2 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.052%, 7d avg −0.038%
Together, before fees−0.032%−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX IBM-USD232.200.0030pay 0.0004% / 1h12m 11s$1.2M$2.2M10x
ShortBybit IBMUSDT232.080get 0.0000% / 8h2h 12m$983K$340K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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

Funding earned
−$6.28
Price spread: −0.052% → −0.038%
−$1.4
Slippage, 4 orders
−$20.83
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$49.51
Costs to cover
0.418%
Break-even
never at this rate
Slippage from QFEX: live order book, 5 min ago; Bybit: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 5 min ago2.37 bp8.1 bp −$815.3 bp −$153doesn't fitdoesn't fit
Sell Bybit live order book, 33 min ago3.88 bp12.5 bp −$1270.9 bp −$709doesn't fitdoesn't fit

IBM on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IBMUSDT0.0000%8h232.08−0.052%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h232.21+0.004%$53K$239K10xas long as short
Binance IBMUSDT0.0000%8h232.28+0.033%$3.8M$5.5M20xas long as short
Bybit IBMUSDTshort0.0000%8h232.08−0.052%$983K$340K50x
OKX IBM-USDT-SWAP0.0000%8h232.26+0.026%$1.4M$1.2M20xas long as short
Gate IBM_USDT0.0000%8h232.29+0.039%$753K$1.5M50xas long as short
Bitget IBMUSDT0.0000%8h232.24+0.017%$790K$327K20xas long as short
Variational Omni IBM0.0000%8h232.25+0.020%$257K$13K—as long as short
GRVT IBM_USDT_Perp0.0000%8h232.21+0.006%$385$162K10xas long as short
SunX IBM-USDT0.0000%8h232.03−0.073%$852$474K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IBM-USDT0.0000%8h232.40+0.086%$6K$33K20xas long as short
BloFin IBM-USDT+0.0014%8h232.29+0.039%$46K$52K20xas long as short
QFEX IBM-USDlong+0.0030%1h232.20long leg$1.2M$2.2M10x
Lighter IBM+0.0032%1h231.96−0.103%$38K$48K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.415%—$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.99−0.090%——25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.88−0.138%$1.8M$808K10xas long as short
KuCoin IBMUSDTM+0.0100%8h232.12−0.034%$195K$41K20xas long as short