IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.045%

Price spread now: KuCoin against Bitget−0.035%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$793as in the Funding arb table

Net, price: spread back to 7d avg − costs−$820as in the Price arb table

costs, in and out, $10k−$8158.151% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.035%, 7d avg +0.014%

Together, before fees+0.293%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.049% cheaper against Bitget than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.014%). If the spread goes back, that is −$5 on $10k: about 39 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IBMUSDT	231.63	0	get 0.0000% / 8h	4h 05m	$786K	$337K	20x
Short	KuCoin IBMUSDTM	231.55	0.0100	get 0.0100% / 8h	4h 05m	$194K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.035%Rate

Funding earned: $21
Price spread: −0.035% → +0.014%: −$4.86
Slippage, 4 orders: −$791.07
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$798.94
Costs to cover: 8.151%
Break-even: 273.3 days

Slippage from Bitget: live order book, 50 min ago; KuCoin: 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 Bitget live order book, 50 min ago	3.24 bp	21.2 bp −$21	46.9 bp −$469	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 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	−0.0025%	8h	231.64	+0.004%	$47K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.47	−0.071%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.57	−0.026%	$54K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.64	+0.003%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.49	−0.060%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.54	−0.039%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.58	−0.022%	$805K	$1.4M	50x	as long as short
Bitget IBMUSDTlong	0.0000%	8h	231.63	long leg	$786K	$337K	20x
Variational Omni IBM	0.0000%	8h	231.60	−0.011%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.61	−0.011%	$565	$158K	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	231.53	−0.043%	$952	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.02	+0.168%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0026%	1h	231.55	−0.035%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.46	−0.073%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.202%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.099%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.108%	$1.9M	$762K	10x	as long as short
KuCoin IBMUSDTMshort	+0.0100%	8h	231.55	−0.035%	$194K	$34K	20x