Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.048%
Price spread now: Binance against Bybit+0.058%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.058%, 7d avg +0.074%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IBMUSDT | 231.96 | 0 | get 0.0000% / 8h | 2h 25m | $983K | $340K | 50x |
| Short | Binance IBMUSDT | 232.09 | 0 | get 0.0000% / 8h | 2h 25m | $3.8M | $5.5M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.058% → +0.074%
- −$1.64
- Slippage, 4 orders
- −$28.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$50.83
- Costs to cover
- 0.492%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 19 min ago; Binance: live order book, 12 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 Bybit live order book, 19 min ago | 3.88 bp | 12.3 bp −$12 | 77.7 bp −$777 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.22 bp | 13.2 bp −$13 | 38.8 bp −$388 | 135.6 bp −$13.6K | 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 | −0.0013% | 8h | 232.19 | +0.099% | $46K | $52K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 232.08 | +0.052% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.04 | +0.034% | $57K | $234K | 10x | as long as short |
| Binance IBMUSDTshort | 0.0000% | 8h | 232.09 | +0.058% | $3.8M | $5.5M | 20x | |
| Bybit IBMUSDTlong | 0.0000% | 8h | 231.96 | long leg | $983K | $340K | 50x | |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.03 | +0.030% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.10 | +0.060% | $804K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.09 | +0.056% | $789K | $325K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.06 | +0.044% | $257K | $13K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 232.16 | +0.085% | $77 | $161K | 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 | 232.01 | +0.022% | $851 | $476K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.38 | +0.181% | $6K | $33K | 20x | as long as short |
| QFEX IBM-USD | +0.0030% | 1h | 232.00 | +0.017% | $1.2M | $2.2M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 232.04 | +0.034% | $38K | $44K | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.326% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.83 | −0.056% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.81 | −0.065% | $1.8M | $807K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.03 | +0.030% | $195K | $39K | 20x | as long as short |
Bybit IBMUSDT
Binance IBMUSDT
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_Perp
SunX IBM-USDT
HTX IBM-USDT
Lighter IBM
Injective IBM/USDC PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM