IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.046%

Price spread now: KuCoin against Aster−0.238%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$798as in the Funding arb table

Net, price: spread back to 7d avg − costs−$842as in the Price arb table

costs, in and out, $10k−$8208.203% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.238%, 7d avg −0.025%

Together, before fees+0.464%+ Points / potential airdropAster: Stage 5 · farm board+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.213% cheaper against Aster than usual: you would sell low and buy high (spread −0.238% now, against its 7-day average of −0.025%). If the spread goes back, that is −$21 on $10k: about 7.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.85	0	get 0.0000% / 8h	36m 03s	$13K	$127K	20x
Short	KuCoin IBMUSDTM	231.30	0.0100	get 0.0100% / 8h	36m 03s	$194K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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 AsterbpFee KuCoinbpOrdersPrice spread, now −0.238%Rate

Funding earned: $21
Price spread: −0.238% → −0.025%: −$21.27
Slippage, 4 orders: −$800.28
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$820.55
Costs to cover: 8.203%
Break-even: 280.5 days

Slippage from Aster: live order book, 40 min ago; KuCoin: live order book, 18 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 Aster live order book, 40 min ago	32.39 bp	56.0 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 18 min ago	7.14 bp	44.2 bp −$44	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 IBMUSDTlong	0.0000%	8h	231.85	long leg	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.38	−0.204%	$976K	$376K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.50	−0.152%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.52	−0.143%	$802K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.52	−0.143%	$798K	$405K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.49	−0.157%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.23	−0.268%	$948	$533K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.95	+0.042%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.31	−0.234%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.53	−0.139%	$38K	$47K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.285%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.45	−0.173%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.35	−0.216%	$2.0M	$810K	10x	as long as short
KuCoin IBMUSDTMshort	+0.0100%	8h	231.30	−0.238%	$194K	$34K	20x
BloFin IBM-USDT	+0.0104%	8h	231.56	−0.126%	$46K	$52K	20x	as long as short
Binance IBMUSDT	+0.0118%	8h	231.52	−0.143%	$3.9M	$5.8M	20x	as long as short
Extended IBM-USD	+0.0120%	1h	231.48	−0.160%	$54K	$202K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0368%	8h	231.50	−0.152%	$715	$170K	10x	as long as short