Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.048%
Price spread now: Binance against Bybit+0.068%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.068%, 7d avg +0.074%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IBMUSDT | 232.13 | 0 | get 0.0000% / 8h | 1h 17m | $1.0M | $355K | 50x |
| Short | Binance IBMUSDT | 232.29 | 0 | get 0.0000% / 8h | 1h 17m | $3.8M | $5.5M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- Price spread: +0.068% → +0.074%
- −$0.59
- Slippage, 4 orders
- −$26.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$48.58
- Costs to cover
- 0.480%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 6 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 Bybit live order book, 3 min ago | 3.23 bp | 12.4 bp −$12 | 86.6 bp −$866 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.29 bp | 9.8 bp −$10 | 36.3 bp −$363 | 141.4 bp −$14.1K | 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 | 232.25 | +0.050% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.22 | +0.040% | $57K | $233K | 10x | as long as short |
| Binance IBMUSDTshort | 0.0000% | 8h | 232.29 | +0.068% | $3.8M | $5.5M | 20x | |
| Bybit IBMUSDTlong | 0.0000% | 8h | 232.13 | long leg | $1.0M | $355K | 50x | |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.22 | +0.039% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.29 | +0.069% | $752K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.24 | +0.047% | $780K | $343K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.25 | +0.051% | $257K | $14K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 232.27 | +0.060% | $780 | $165K | 10x | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 232.06 | −0.030% | $761 | $474K | 10x | as long as short |
Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IBM-USDT | 0.0000% | 8h | 232.41 | +0.121% | $6K | $33K | 20x | as long as short |
| BloFin IBM-USDT | +0.0001% | 8h | 232.30 | +0.073% | $47K | $55K | 20x | as long as short |
| Lighter IBM | +0.0032% | 1h | 232.29 | +0.069% | $38K | $49K | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.389% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.05 | −0.034% | — | — | 25x | as long as short |
| QFEX IBM-USD | +0.0049% | 1h | 232.19 | +0.026% | $1.2M | $2.1M | 10x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 232.01 | −0.052% | $1.8M | $800K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.22 | +0.039% | $195K | $46K | 20x | as long as short |
Bybit IBMUSDT
Binance IBMUSDT
Aster IBMUSDT
Extended IBM-USD
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_Perp
SunX IBM-USDT
HTX IBM-USDT
BloFin IBM-USDT
Lighter IBM
Injective IBM/USDC PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM