Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against Bitget−0.146%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.146%, 7d avg −0.079%

Together, before fees+0.201%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.067% cheaper against Bitget than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of −0.079%). If the spread goes back, that is −$7 on $10k: about 4.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IBMUSDT	232.23	0	get 0.0000% / 8h	49m 33s	$780K	$350K	20x
Short	tradeXYZ xyz:IBM	231.89	0.0050	get 0.0006% / 1h	49m 33s	$1.8M	$797K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bitget. 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 BitgetbpFee tradeXYZbpOrdersPrice spread, now −0.146%Rate

Funding earned: $10.5
Price spread: −0.146% → −0.079%: −$6.71
Slippage, 4 orders: −$23.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$49.59
Costs to cover: 0.534%
Break-even: 40.1 days

Slippage from Bitget: live order book, 51 min ago; tradeXYZ: live order book, 7 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 Bitget live order book, 51 min ago	1.72 bp	14.3 bp −$14	33.0 bp −$330	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.08 bp	14.0 bp −$14	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
BloFin IBM-USDT	−0.0005%	8h	232.15	−0.034%	$47K	$59K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.24	+0.006%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.10	−0.057%	$53K	$319K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.17	−0.024%	$3.8M	$5.6M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.99	−0.103%	$1.0M	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.13	−0.043%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.19	−0.017%	$750K	$1.5M	50x	as long as short
Bitget IBMUSDTlong	0.0000%	8h	232.23	long leg	$780K	$350K	20x
Variational Omni IBM	0.0000%	8h	232.13	−0.043%	$256K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.20	−0.013%	$72	$168K	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	231.97	−0.112%	$1K	$471K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.42	+0.082%	$6K	$33K	20x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.426%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.08	−0.065%	$1.2M	$2.0M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.92	−0.133%	—	—	25x	as long as short
Lighter IBM	+0.0048%	1h	232.24	+0.004%	$38K	$49K	10x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.89	−0.146%	$1.8M	$797K	10x
KuCoin IBMUSDTM	+0.0100%	8h	232.09	−0.060%	$195K	$48K	20x	as long as short