IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.046%

Price spread now: KuCoin against Aster−0.134%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$798as in the Funding arb table

Net, price: spread back to 7d avg − costs−$831as in the Price arb table

costs, in and out, $10k−$8208.203% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.134%, 7d avg −0.025%

Together, before fees+0.361%+ Points / potential airdropAster: Stage 5 · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.109% cheaper against Aster than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.025%). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.77	0	get 0.0000% / 8h	12m 57s	$13K	$127K	20x
Short	KuCoin IBMUSDTM	231.46	0.0100	get 0.0100% / 8h	12m 57s	$194K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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 AsterbpFee KuCoinbpOrdersPrice spread, now −0.134%Rate

Funding earned: $21
Price spread: −0.134% → −0.025%: −$10.89
Slippage, 4 orders: −$800.28
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$810.17
Costs to cover: 8.203%
Break-even: 277.1 days

Slippage from Aster: live order book, 63 min ago; KuCoin: live order book, 41 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 Aster live order book, 63 min ago	32.39 bp	56.0 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 41 min ago	7.14 bp	44.2 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
Aster IBMUSDTlong	0.0000%	8h	231.77	long leg	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.38	−0.169%	$976K	$376K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.50	−0.117%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.53	−0.104%	$797K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.61	−0.070%	$798K	$403K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.57	−0.086%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.31	−0.199%	$1K	$535K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.86	+0.038%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.51	−0.113%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.53	−0.104%	$38K	$47K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.255%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.160%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.37	−0.173%	$2.0M	$810K	10x	as long as short
KuCoin IBMUSDTMshort	+0.0100%	8h	231.46	−0.134%	$194K	$34K	20x
Binance IBMUSDT	+0.0196%	8h	231.57	−0.085%	$3.9M	$5.8M	20x	as long as short
BloFin IBM-USDT	+0.0197%	8h	231.58	−0.082%	$46K	$52K	20x	as long as short
Extended IBM-USD	+0.0200%	1h	231.54	−0.101%	$54K	$202K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0432%	8h	231.57	−0.089%	$621	$170K	10x	as long as short