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

Net, funding: paid 7d − costs−$838as in the Funding arb table

Net, price: spread back to 7d avg − costs−$810as in the Price arb table

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

Long on KuCoin Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.049% dearer against KuCoin than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.

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

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$21
Price spread: +0.035% → −0.014%: $4.86
Slippage, 4 orders: −$791.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$831.21
Costs to cover: 8.151%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 50 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, 5 min ago	5.18 bp	736.5 bp −$736	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 50 min ago	3.24 bp	13.3 bp −$13	70.5 bp −$705	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	+0.039%	$47K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.47	−0.034%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.58	+0.015%	$54K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.64	+0.039%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.49	−0.026%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.54	−0.004%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.57	+0.009%	$805K	$1.4M	50x	as long as short
Bitget IBMUSDTshort	0.0000%	8h	231.63	+0.035%	$786K	$337K	20x
Variational Omni IBM	0.0000%	8h	231.60	+0.024%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.56	+0.005%	$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	−0.009%	$952	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.02	+0.203%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0026%	1h	231.54	−0.004%	$1.2M	$2.4M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.46	−0.039%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.172%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.065%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.073%	$1.9M	$762K	10x	as long as short
KuCoin IBMUSDTMlong	+0.0100%	8h	231.55	long leg	$194K	$34K	20x