IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against KuCoin+0.125%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$849as in the Funding arb table

Net, price: spread back to 7d avg − costs−$826as in the Price arb table

costs, in and out, $10k−$8378.367% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.125%, 7d avg +0.013%

Together, before fees−0.239%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.112% dearer against KuCoin than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.013%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IBMUSDTM	232.82	0.0100	pay 0.0100% / 8h	4h 53m	$195K	$256K	20x
Short	Gate IBM_USDT	233.11	0	get 0.0000% / 8h	4h 53m	$744K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.125%Rate

Funding earned: −$21
Price spread: +0.125% → +0.013%: $11.15
Slippage, 4 orders: −$809.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$846.58
Costs to cover: 8.367%
Break-even: never at this rate

Slippage from KuCoin: live order book, 34 min ago; Gate: live order book, 2 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, 34 min ago	3.87 bp	626.1 bp −$626	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.65 bp	22.0 bp −$22	224.4 bp −$2,244	doesn't fit	doesn't fit

IBM on 18 exchanges

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	232.75	−0.028%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.90	+0.034%	$998K	$309K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.96	+0.060%	$1.4M	$1.0M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	233.11	+0.125%	$744K	$1.3M	50x
Bitget IBMUSDT	0.0000%	8h	232.97	+0.064%	$780K	$279K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.75	−0.029%	$258K	$14K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.69	−0.056%	$607	$377K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.57	−0.107%	$7K	$34K	20x	as long as short
QFEX IBM-USD	+0.0014%	1h	232.99	+0.073%	$1.2M	$2.0M	10x	as long as short
BloFin IBM-USDT	+0.0026%	8h	232.80	−0.009%	$48K	$63K	20x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	232.80	−0.009%	$37K	$44K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.646%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.95	+0.056%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.82	0.000%	$1.8M	$787K	10x	as long as short
Binance IBMUSDT	+0.0062%	8h	233.07	+0.107%	$3.8M	$4.7M	20x	as long as short
Extended IBM-USD	+0.0064%	1h	232.99	+0.073%	$53K	$307K	10x	as long as short
KuCoin IBMUSDTMlong	+0.0100%	8h	232.82	long leg	$195K	$256K	20x
GRVT IBM_USDT_Perp	+0.0657%	8h	232.85	+0.013%	$2	$151K	10x	as long as short