Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.011%
Price spread now: tradeXYZ against Gate−0.095%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.095%, 7d avg −0.113%
=Together, before fees+0.018%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.113%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate IBM_USDT | 231.65 | 0 | get 0.0000% / 8h | 5h 24m | $799K | $1.4M | 50x |
| Short | tradeXYZ xyz:IBM | 231.43 | 0.0050 | get 0.0006% / 1h | 24m 33s | $1.9M | $726K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Gate. 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
- $10.5
- Price spread: −0.095% → −0.113%
- $1.81
- Slippage, 4 orders
- −$23.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$43.95
- Costs to cover
- 0.563%
- Break-even
- 36.3 days
Slippage from Gate: live order book, 3 min ago; tradeXYZ: live order book, 2 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 Gate live order book, 3 min ago | 4.75 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 1.08 bp | 11.8 bp −$12 | 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 | 231.48 | −0.073% | $13K | $127K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.48 | −0.073% | $974K | $346K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.66 | +0.004% | $1.4M | $1.1M | 20x | as long as short |
| Gate IBM_USDTlong | 0.0000% | 8h | 231.65 | long leg | $799K | $1.4M | 50x | |
| Bitget IBMUSDT | 0.0000% | 8h | 231.60 | −0.022% | $789K | $337K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.59 | −0.025% | $256K | $15K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 231.59 | −0.026% | $102 | $159K | 10x | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.38 | −0.117% | $775 | $485K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.86 | +0.091% | $5K | $33K | 20x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.51 | −0.060% | $38K | $43K | 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 | −13.210% | — | $57 | 12x | as long as short |
| QFEX IBM-USD | +0.0035% | 1h | 231.45 | −0.086% | $1.2M | $2.7M | 10x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.46 | −0.082% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBMshort | +0.0050% | 1h | 231.43 | −0.095% | $1.9M | $726K | 10x | |
| Binance IBMUSDT | +0.0055% | 8h | 231.64 | −0.004% | $3.9M | $5.3M | 20x | as long as short |
| Extended IBM-USD | +0.0056% | 1h | 231.58 | −0.029% | $54K | $240K | 10x | as long as short |
| BloFin IBM-USDT | +0.0082% | 8h | 231.71 | +0.026% | $667 | $52K | 20x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.59 | −0.026% | $193K | $34K | 20x | as long as short |
Gate IBM_USDT
tradeXYZ xyz:IBM
Aster IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_Perp
SunX IBM-USDT
HTX IBM-USDT
Lighter IBM
Injective IBM/USDC PERP
Binance IBMUSDT
Extended IBM-USD
BloFin IBM-USDT
KuCoin IBMUSDTM