IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0145%/8h= −15.8% APRnext payment −$1.45 per $10,000 · paid last 24h −0.043%

Price spread now: Gate against Binance+0.017%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$620.620% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 2 days (all we have)−0.050%−$5 · spread now +0.017%, 7d avg −0.011%

Together, before fees−0.075%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.028% dearer against Binance than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.011%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.025% in total) that is about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IBMUSDT	231.48	0.0145	pay 0.0145% / 8h	7h 01m	$3.9M	$5.3M	20x
Short	Gate IBM_USDT	231.52	0	get 0.0000% / 8h	7h 01m	$800K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.017%Rate

Funding earned: −$30.35
Price spread: +0.017% → −0.011%: $2.8
Slippage, 4 orders: −$37
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.55
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Gate: 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, 7 min ago	0.43 bp	9.1 bp −$9	28.8 bp −$288	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	6.05 bp	24.8 bp −$25	210.5 bp −$2,105	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	231.37	−0.046%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.34	−0.060%	$973K	$350K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.42	−0.026%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	231.52	+0.017%	$800K	$1.5M	50x
Bitget IBMUSDT	0.0000%	8h	231.50	+0.009%	$792K	$347K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.45	−0.014%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.51	+0.012%	$405	$160K	10x	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	231.87	+0.168%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0025%	1h	231.40	−0.035%	$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	231.37	−0.048%	$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	231.40	−0.035%	—	—	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	231.40	−0.035%	$194K	$33K	20x	as long as short
Extended IBM-USD	+0.0144%	1h	231.42	−0.026%	$53K	$234K	10x	as long as short
Binance IBMUSDTlong	+0.0145%	8h	231.48	long leg	$3.9M	$5.3M	20x
BloFin IBM-USDT	+0.0169%	8h	231.36	−0.052%	$46K	$52K	20x	as long as short