Funding you earn now, next payment 01:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h +0.009%
Price spread now: KuCoin against Extended−0.031%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$710as in the Funding arb table
Net, price: spread back to 7d avg − costs−$730as in the Price arb table
costs, in and out, $10k−$7257.252% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.031%, 7d avg +0.014%
=Together, before fees+0.193%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.046% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.148%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended IBM-USD | 231.66 | 0.0208 | pay 0.0026% / 1h | 45m 38s | $53K | $240K | 10x |
| Short | KuCoin IBMUSDTM | 231.59 | 0.0100 | get 0.0100% / 8h | 7h 45m | $195K | $33K | 20x |
Extended IBM-USD
KuCoin IBMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Extended. 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
- −$22.68
- Price spread: −0.031% → +0.014%
- −$4.57
- Slippage, 4 orders
- −$708.22
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$752.47
- Costs to cover
- 7.252%
- Break-even
- never at this rate
Slippage from Extended: live order book, 26 min ago; KuCoin: live order book, 69 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 Extended live order book, 26 min ago | 1.30 bp | 15.6 bp −$16 | 190.7 bp −$1,907 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 69 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 IBMUSDT | 0.0000% | 8h | 231.62 | −0.017% | $13K | $127K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.55 | −0.049% | $977K | $358K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.68 | +0.008% | $1.4M | $1.1M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 231.67 | +0.003% | $798K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.66 | −0.001% | $793K | $360K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.68 | +0.007% | $257K | $15K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 231.66 | −0.002% | $320 | $169K | 10x | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.50 | −0.070% | $1K | $520K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.11 | +0.193% | $5K | $34K | 20x | as long as short |
| QFEX IBM-USD | +0.0025% | 1h | 231.63 | −0.014% | $1.2M | $3.3M | 10x | as long as short |
Aster IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_Perp
SunX IBM-USDT
HTX IBM-USDT
QFEX IBM-USDShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter IBM | +0.0032% | 1h | 231.51 | −0.066% | $38K | $43K | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.214% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.59 | −0.031% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.47 | −0.083% | $1.9M | $824K | 10x | as long as short |
| KuCoin IBMUSDTMshort | +0.0100% | 8h | 231.59 | −0.031% | $195K | $33K | 20x | |
| BloFin IBM-USDT | +0.0195% | 8h | 231.70 | +0.016% | $46K | $52K | 20x | as long as short |
| Binance IBMUSDT | +0.0206% | 8h | 231.71 | +0.021% | $3.9M | $5.5M | 20x | as long as short |
| Extended IBM-USDlong | +0.0208% | 1h | 231.66 | long leg | $53K | $240K | 10x |
Lighter IBM
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
BloFin IBM-USDT
Binance IBMUSDT