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 −0.046%

Price spread now: Aster against KuCoin−0.018%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,594as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,575as in the Price arb table

costs, in and out, $10k−$1,57115.711% of the position

Long on KuCoin Short on Aster

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)+0.025%+$3 · spread now −0.018%, 7d avg +0.025%

Together, before fees−0.201%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.043% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IBMUSDTM	231.12	0.0100	pay 0.0100% / 8h	6h 34m	$194K	$33K	20x
Short	Aster IBMUSDT	231.08	0	get 0.0000% / 8h	6h 34m	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$21
Price spread: −0.018% → +0.025%: −$4.29
Slippage, 4 orders: −$1,551.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,596.39
Costs to cover: 15.711%
Break-even: never at this rate

Slippage from KuCoin: live order book, just now; Aster: live order book, 31 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 KuCoin live order book, just now	4.33 bp	706.6 bp −$707	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 31 min ago	24.40 bp	62.8 bp −$63	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 IBMUSDTshort	0.0000%	8h	231.08	−0.018%	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.12	0.000%	$972K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.25	+0.056%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.20	+0.035%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.24	+0.052%	$791K	$339K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.19	+0.030%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.42	+0.132%	$194	$160K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.16	+0.017%	$1K	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.50	+0.164%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0029%	1h	231.16	+0.017%	$1.2M	$3.1M	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	231.35	+0.100%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.011%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.07	−0.022%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.04	−0.035%	$1.9M	$723K	10x	as long as short
KuCoin IBMUSDTMlong	+0.0100%	8h	231.12	long leg	$194K	$33K	20x
Binance IBMUSDT	+0.0102%	8h	231.25	+0.058%	$3.9M	$5.2M	20x	as long as short
Extended IBM-USD	+0.0104%	1h	231.20	+0.033%	$54K	$235K	10x	as long as short
BloFin IBM-USDT	+0.0122%	8h	231.18	+0.026%	$46K	$52K	20x	as long as short