IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0150%/8h= −16.5% APRnext payment −$1.50 per $10,000 · paid last 24h −0.048%

Price spread now: Bitget against Binance+0.009%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 2 days (all we have)−0.075%−$7 · spread now +0.009%, 7d avg −0.036%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.045% dearer against Binance than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.036%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.132% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IBMUSDT	231.48	0.0150	pay 0.0150% / 8h	7h 04m	$3.9M	$5.3M	20x
Short	Bitget IBMUSDT	231.50	0	get 0.0000% / 8h	7h 04m	$792K	$349K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$31.58
Price spread: +0.009% → −0.036%: $4.5
Slippage, 4 orders: −$45.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.15
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 1 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 Binance live order book, 4 min ago	0.43 bp	9.1 bp −$9	28.8 bp −$288	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.73 bp	17.5 bp −$18	71.2 bp −$712	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 IBMUSDT	0.0000%	8h	231.41	−0.029%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.34	−0.060%	$974K	$350K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.45	−0.013%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.51	+0.013%	$800K	$1.5M	50x	as long as short
Bitget IBMUSDTshort	0.0000%	8h	231.50	+0.009%	$792K	$349K	20x
Variational Omni IBM	0.0000%	8h	231.42	−0.025%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.34	−0.060%	$1K	$489K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.93	+0.194%	$5K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0025%	8h	231.58	+0.042%	$412	$162K	10x	as long as short
QFEX IBM-USD	+0.0025%	1h	231.41	−0.030%	$1.2M	$3.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.32	−0.069%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.146%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.39	−0.039%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.26	−0.095%	$1.9M	$721K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.43	−0.022%	$194K	$33K	20x	as long as short
Binance IBMUSDTlong	+0.0150%	8h	231.48	long leg	$3.9M	$5.3M	20x
Extended IBM-USD	+0.0152%	1h	231.43	−0.022%	$53K	$234K	10x	as long as short
BloFin IBM-USDT	+0.0176%	8h	231.53	+0.022%	$664	$52K	20x	as long as short