IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0171%/8h= −18.8% APRnext payment −$1.71 per $10,000 · paid last 24h −0.048%

Price spread now: OKX against Binance+0.052%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 2 days (all we have)−0.060%−$6 · spread now +0.052%, 7d avg −0.014%

Together, before fees−0.188%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.065% dearer against Binance than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.014%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.128% in total) that is about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IBMUSDT	231.56	0.0171	pay 0.0171% / 8h	7h 22m	$3.9M	$5.3M	20x
Short	OKX IBM-USDT-SWAP	231.68	0	get 0.0000% / 8h	7h 22m	$1.4M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$36.01
Price spread: +0.052% → −0.014%: $6.54
Slippage, 4 orders: −$37.59
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87.06
Costs to cover: 0.576%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; OKX: live order book, 5 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, 1 min ago	0.22 bp	13.4 bp −$13	36.3 bp −$363	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.43 bp	19.3 bp −$19	197.9 bp −$1,979	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	231.36	−0.087%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.39	−0.074%	$973K	$355K	50x	as long as short
OKX IBM-USDT-SWAPshort	0.0000%	8h	231.68	+0.052%	$1.4M	$1.1M	20x
Gate IBM_USDT	0.0000%	8h	231.49	−0.030%	$800K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.61	+0.021%	$793K	$356K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.64	+0.035%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.42	−0.061%	$921	$496K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.02	+0.198%	$5K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0024%	8h	231.64	+0.033%	$320	$164K	10x	as long as short
QFEX IBM-USD	+0.0025%	1h	231.43	−0.056%	$1.2M	$3.3M	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	231.25	−0.134%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.176%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.44	−0.052%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.078%	$1.9M	$727K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.49	−0.030%	$195K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0157%	8h	231.72	+0.069%	$663	$52K	20x	as long as short
Extended IBM-USD	+0.0168%	1h	231.49	−0.030%	$53K	$271K	10x	as long as short
Binance IBMUSDTlong	+0.0171%	8h	231.56	long leg	$3.9M	$5.3M	20x