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 Bybit+0.013%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,308as in the Price arb table

costs, in and out, $10k−$1,30413.040% of the position

Long on Bybit 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)+0.054%+$5 · spread now +0.013%, 7d avg +0.050%

Together, before fees+0.280%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.037% cheaper against Bybit than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.050%). If the spread goes back, that is −$4 on $10k: about 30 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	Bybit IBMUSDT	232.10	0	get 0.0000% / 8h	2h 07m	$984K	$340K	50x
Short	KuCoin IBMUSDTM	232.13	0.0100	get 0.0100% / 8h	2h 07m	$195K	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.013%Rate

Funding earned: $21
Price spread: +0.013% → +0.050%: −$3.72
Slippage, 4 orders: −$1,281.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,286.75
Costs to cover: 13.040%
Break-even: 435.9 days

Slippage from Bybit: live order book, 38 min ago; KuCoin: live order book, 48 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, 38 min ago	3.88 bp	12.3 bp −$12	77.7 bp −$777	doesn't fit	doesn't fit
Sell KuCoin live order book, 48 min ago	6.25 bp	751.5 bp −$752	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
Aster IBMUSDT	0.0000%	8h	232.06	−0.017%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.20	+0.044%	$53K	$239K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.27	+0.073%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDTlong	0.0000%	8h	232.10	long leg	$984K	$340K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	232.29	+0.082%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.28	+0.078%	$753K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.24	+0.060%	$790K	$327K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.27	+0.075%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.28	+0.076%	$362	$162K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.06	−0.017%	$928	$473K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.42	+0.138%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0007%	8h	232.14	+0.017%	$46K	$52K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.18	+0.034%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.04	−0.026%	$38K	$48K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.378%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.03	−0.030%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.99	−0.047%	$1.8M	$808K	10x	as long as short
KuCoin IBMUSDTMshort	+0.0100%	8h	232.13	+0.013%	$195K	$42K	20x