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 −0.040%

Price spread now: Variational Omni against KuCoin+0.048%7-day average +0.008% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.100%−$10 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now +0.048%, 7d avg +0.008%

Together, before fees+0.047%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.040% dearer against KuCoin than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.008%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IBMUSDTM	231.46	0.0100	pay 0.0100% / 8h	13m 49s	$194K	$34K	20x
Short	Variational Omni IBM	231.57	0	get 0.0000% / 8h	13m 49s	$256K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.048%Rate

Funding earned: −$21
Price spread: +0.048% → +0.008%: $3.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$29.02
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 41 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.

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 KuCoin live order book, 41 min ago	7.14 bp	650.4 bp −$650	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	2.79 bp	doesn't fit	71.3 bp −$713	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	231.80	+0.147%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.43	−0.013%	$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	231.53	+0.030%	$797K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.61	+0.065%	$798K	$403K	20x	as long as short
Variational Omni IBMshort	0.0000%	8h	231.57	+0.048%	$256K	$15K	—
SunX IBM-USDT	0.0000%	8h	231.31	−0.065%	$1K	$535K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.86	+0.173%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.53	+0.030%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.54	+0.035%	$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	−13.138%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.026%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.41	−0.022%	$2.0M	$810K	10x	as long as short
KuCoin IBMUSDTMlong	+0.0100%	8h	231.46	long leg	$194K	$34K	20x
Extended IBM-USD	+0.0192%	1h	231.57	+0.046%	$54K	$202K	10x	as long as short
Binance IBMUSDT	+0.0193%	8h	231.61	+0.065%	$3.9M	$5.8M	20x	as long as short
BloFin IBM-USDT	+0.0207%	8h	231.69	+0.099%	$46K	$52K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0432%	8h	231.57	+0.046%	$621	$170K	10x	as long as short