Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.029%
Price spread now: KuCoin against tradeXYZ+0.091%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$794as in the Funding arb table
Net, price: spread back to 7d avg − costs−$806as in the Price arb table
costs, in and out, $10k−$8068.055% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.091%, 7d avg +0.093%
=Together, before fees+0.103%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.093%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:IBM | 231.38 | 0.0050 | pay 0.0006% / 1h | 37m 55s | $1.9M | $763K | 10x |
| Short | KuCoin IBMUSDTM | 231.59 | 0.0100 | get 0.0100% / 8h | 3h 37m | $195K | $34K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against tradeXYZ. 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
- $10.5
- Price spread: +0.091% → +0.093%
- −$0.24
- Slippage, 4 orders
- −$775.5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$795.24
- Costs to cover
- 8.055%
- Break-even
- 537.2 days
Slippage from tradeXYZ: live order book, 10 min ago; KuCoin: live order book, 33 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 tradeXYZ live order book, 10 min ago | 1.30 bp | 13.0 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 33 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 | −0.0023% | 8h | 231.62 | +0.104% | $46K | $51K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 231.47 | +0.037% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 231.57 | +0.083% | $53K | $233K | 10x | as long as short |
| Binance IBMUSDT | 0.0000% | 8h | 231.64 | +0.111% | $3.8M | $5.4M | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.48 | +0.043% | $982K | $347K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.58 | +0.086% | $1.4M | $1.1M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 231.58 | +0.086% | $801K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.60 | +0.095% | $786K | $335K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.57 | +0.084% | $256K | $15K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 231.62 | +0.102% | $164 | $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 | 231.46 | +0.035% | $880 | $476K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.95 | +0.246% | $6K | $34K | 20x | as long as short |
| QFEX IBM-USD | +0.0030% | 1h | 231.53 | +0.065% | $1.2M | $2.3M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.45 | +0.030% | $38K | $43K | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.108% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.40 | +0.009% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBMlong | +0.0050% | 1h | 231.38 | long leg | $1.9M | $763K | 10x | |
| KuCoin IBMUSDTMshort | +0.0100% | 8h | 231.59 | +0.091% | $195K | $34K | 20x |
tradeXYZ xyz:IBM
KuCoin IBMUSDTM
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
Binance IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_Perp
SunX IBM-USDT
HTX IBM-USDT
Lighter IBM
Injective IBM/USDC PERP