Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%

Price spread now: Gate against Binance+0.022%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 2 days (all we have)−0.053%−$5 · spread now +0.022%, 7d avg −0.009%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.030% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IBMUSDT	231.21	0	get 0.0000% / 8h	2h 27m	$3.9M	$5.8M	20x
Short	Gate IBM_USDT	231.26	0	get 0.0000% / 8h	2h 27m	$806K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.009%: $3.05
Slippage, 4 orders: −$39.29
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61.24
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Gate: live order book, 5 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 Binance live order book, 11 min ago	0.43 bp	12.1 bp −$12	52.6 bp −$526	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.38 bp	17.2 bp −$17	180.8 bp −$1,808	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
tradeXYZ xyz:IBM	−0.0074%	1h	231.13	−0.035%	$2.0M	$811K	10x	as long as short
BloFin IBM-USDT	−0.0008%	8h	231.39	+0.078%	$46K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.01	−0.085%	$13K	$126K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.25	+0.015%	$54K	$202K	10x	as long as short
Binance IBMUSDTlong	0.0000%	8h	231.21	long leg	$3.9M	$5.8M	20x
Bybit IBMUSDT	0.0000%	8h	231.15	−0.026%	$975K	$379K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.25	+0.017%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	231.26	+0.022%	$806K	$1.5M	50x
Bitget IBMUSDT	0.0000%	8h	231.27	+0.026%	$821K	$387K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.34	+0.058%	$256K	$15K	—	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	231.15	−0.026%	$1K	$536K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.59	+0.164%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0018%	1h	231.29	+0.035%	$1.2M	$3.1M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.19	−0.009%	$38K	$50K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.044%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.21	0.000%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.12	−0.039%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0111%	8h	231.29	+0.035%	$67	$175K	10x	as long as short