IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0099%/8h= +10.8% APRnext payment +$0.99 per $10,000 · paid last 24h +0.048%

Price spread now: Binance against SunX+0.100%46s7-day average +0.081% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 2 days (all we have)−0.045%−$5 · spread now +0.100%, 7d avg +0.081%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	231.14	0	get 0.0000% / 8h	6h 17m	$1K	$487K	10x
Short	Binance IBMUSDT	231.37	0.0099	get 0.0099% / 8h	6h 17m	$3.9M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.100%Rate

Funding earned: $20.76
Price spread: +0.100% → +0.081%: $1.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $4.57
Costs to cover: 0.180%
Break-even: 5.5 days

Slippage unknown: SunX: live order book, 24 min ago; Binance: live order book, 5 min ago. Net counts fees only.

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 SunX live order book, 24 min ago	514.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.22 bp	13.6 bp −$14	38.3 bp −$383	134.5 bp −$13.4K	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	231.26	+0.050%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.27	+0.056%	$973K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.36	+0.095%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.33	+0.082%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.42	+0.121%	$791K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.36	+0.094%	$256K	$15K	—	as long as short
SunX IBM-USDTlong	0.0000%	8h	231.14	long leg	$1K	$487K	10x
HTX IBM-USDT	0.0000%	8h	231.62	+0.208%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0029%	1h	231.31	+0.074%	$1.2M	$2.9M	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.018%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IBM-USD-PERP	+0.0046%	1h	231.20	+0.026%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.26	+0.052%	$1.9M	$723K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0067%	8h	231.37	+0.099%	$315	$160K	10x	as long as short
Lighter IBM	+0.0096%	1h	231.51	+0.160%	$38K	$43K	10x	as long as short
Extended IBM-USD	+0.0096%	1h	231.31	+0.073%	$53K	$237K	10x	as long as short
Binance IBMUSDTshort	+0.0099%	8h	231.37	+0.100%	$3.9M	$5.2M	20x
KuCoin IBMUSDTM	+0.0100%	8h	231.28	+0.061%	$194K	$33K	20x	as long as short