IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against KuCoin−0.014%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,477as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,470as in the Price arb table

costs, in and out, $10k−$1,46714.671% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 2 days (all we have)+0.030%+$3 · spread now −0.014%, 7d avg +0.016%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.030% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IBMUSDTM	231.61	0.0100	pay 0.0100% / 8h	5h 49m	$194K	$33K	20x
Short	Binance IBMUSDT	231.58	0.0091	get 0.0091% / 8h	5h 49m	$3.9M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.014%Rate

Funding earned: −$1.95
Price spread: −0.014% → +0.016%: −$3
Slippage, 4 orders: −$1,445.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,472.09
Costs to cover: 14.671%
Break-even: never at this rate

Slippage from KuCoin: live order book, 46 min ago; Binance: live order book, 4 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, 46 min ago	4.33 bp	706.6 bp −$707	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.22 bp	12.7 bp −$13	41.8 bp −$418	144.9 bp −$14.5K	doesn't fit

IBM on 17 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	231.45	−0.067%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.46	−0.065%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.57	−0.017%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.56	−0.022%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.58	−0.013%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.54	−0.028%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.38	−0.099%	$935	$486K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.05	+0.190%	$5K	$34K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.51	−0.043%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.195%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0035%	1h	231.51	−0.043%	$1.2M	$2.8M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.45	−0.069%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.099%	$1.9M	$725K	10x	as long as short
Extended IBM-USD	+0.0088%	1h	231.52	−0.041%	$53K	$235K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0089%	8h	231.60	−0.004%	$192	$158K	10x	as long as short
Binance IBMUSDTshort	+0.0091%	8h	231.58	−0.014%	$3.9M	$5.3M	20x
KuCoin IBMUSDTMlong	+0.0100%	8h	231.61	long leg	$194K	$33K	20x