Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX−0.039%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.039%, 7d avg −0.044%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX IBM-USDT-SWAP | 232.02 | 0 | get 0.0000% / 8h | 2h 47m | $1.4M | $1.2M | 20x |
| Short | Bybit IBMUSDT | 231.93 | 0 | get 0.0000% / 8h | 2h 47m | $984K | $337K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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: −0.039% → −0.044%
- $0.52
- Slippage, 4 orders
- −$30.92
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$51.4
- Costs to cover
- 0.519%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 62 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 OKX live order book, 4 min ago | 0.65 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 62 min ago | 3.03 bp | 11.1 bp −$11 | 73.3 bp −$733 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IBM-USDT | −0.0021% | 8h | 232.16 | +0.060% | $47K | $52K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 232.00 | −0.007% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 231.99 | −0.013% | $57K | $239K | 10x | as long as short |
| Binance IBMUSDT | 0.0000% | 8h | 232.02 | 0.000% | $3.8M | $5.4M | 20x | as long as short |
| Bybit IBMUSDTshort | 0.0000% | 8h | 231.93 | −0.039% | $984K | $337K | 50x | |
| OKX IBM-USDT-SWAPlong | 0.0000% | 8h | 232.02 | long leg | $1.4M | $1.2M | 20x | |
| Gate IBM_USDT | 0.0000% | 8h | 232.04 | +0.009% | $807K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.96 | −0.026% | $787K | $322K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.11 | +0.039% | $257K | $13K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 232.08 | +0.026% | $777 | $161K | 10x | as long as short |
Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IBM-USDT | 0.0000% | 8h | 231.93 | −0.039% | $1K | $476K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.39 | +0.159% | $6K | $33K | 20x | as long as short |
| QFEX IBM-USD | +0.0030% | 1h | 232.00 | −0.009% | $1.2M | $2.2M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.87 | −0.065% | $38K | $43K | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.348% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.82 | −0.086% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.66 | −0.155% | $1.8M | $803K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.96 | −0.026% | $194K | $36K | 20x | as long as short |
OKX IBM-USDT-SWAP
Bybit IBMUSDT
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
Binance IBMUSDT
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_Perp
SunX IBM-USDT
HTX IBM-USDT
Lighter IBM
Injective IBM/USDC PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM