Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.008%
Price spread now: Extended against Binance−0.018%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$550.553% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 2 days (all we have)−0.017%−$2 · spread now −0.018%, 7d avg −0.027%
=Together, before fees−0.052%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IBMUSDT | 231.54 | 0.0100 | pay 0.0100% / 8h | 41m 59s | $3.9M | $5.8M | 20x |
| Short | Extended IBM-USD | 231.50 | 0.0096 | get 0.0012% / 1h | 41m 59s | $54K | $202K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.8
- Price spread: −0.018% → −0.027%
- $0.89
- Slippage, 4 orders
- −$40.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$55.18
- Costs to cover
- 0.553%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Extended: live order book, 35 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 Binance live order book, 11 min ago | 0.22 bp | 11.2 bp −$11 | 28.5 bp −$285 | doesn't fit | doesn't fit |
| Sell Extended live order book, 35 min ago | 1.51 bp | 15.2 bp −$15 | 169.9 bp −$1,699 | 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 IBMUSDT | 0.0000% | 8h | 231.45 | −0.037% | $13K | $126K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.37 | −0.073% | $976K | $376K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.50 | −0.017% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 231.49 | −0.022% | $802K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.52 | −0.009% | $798K | $405K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.47 | −0.032% | $256K | $15K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.27 | −0.117% | $888 | $533K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.88 | +0.147% | $5K | $34K | 20x | as long as short |
| QFEX IBM-USD | +0.0031% | 1h | 231.39 | −0.065% | $1.2M | $3.2M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.54 | 0.000% | $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 | −13.168% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.50 | −0.017% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.35 | −0.082% | $2.0M | $808K | 10x | as long as short |
| BloFin IBM-USDT | +0.0079% | 8h | 231.54 | 0.000% | $46K | $52K | 20x | as long as short |
| Extended IBM-USDshort | +0.0096% | 1h | 231.50 | −0.018% | $54K | $202K | 10x | |
| Binance IBMUSDTlong | +0.0100% | 8h | 231.54 | long leg | $3.9M | $5.8M | 20x | |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.30 | −0.104% | $194K | $34K | 20x | as long as short |
| GRVT IBM_USDT_Perp | +0.0361% | 8h | 231.47 | −0.030% | $213 | $169K | 10x | as long as short |
Binance IBMUSDT
Extended IBM-USD
Aster IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
SunX IBM-USDT
HTX IBM-USDT
Lighter IBM
Injective IBM/USDC PERP
tradeXYZ xyz:IBM
BloFin IBM-USDT
KuCoin IBMUSDTM
GRVT IBM_USDT_Perp