Settings8H · net · $10k
Funding arb · Price arb /

IBM

RWAall IBM markets
SwapBacktest
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 0.000%
Price spread now: Bitget against Bybit+0.022%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$550.546% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.022%, 7d avg +0.034%
Together, before fees+0.036%+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IBMUSDT231.510get 0.0000% / 8h1m 26s$977K$375K50x
ShortBitget IBMUSDT231.560get 0.0000% / 8h1m 26s$793K$402K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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

Funding earned
$0
Price spread: +0.022% → +0.034%
−$1.27
Slippage, 4 orders
−$31.59
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$55.87
Costs to cover
0.546%
Break-even
never at this rate
Slippage from Bybit: live order book, 9 min ago; Bitget: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 9 min ago2.16 bp14.9 bp −$1583.3 bp −$833doesn't fitdoesn't fit
Sell Bitget live order book, 9 min ago2.37 bp17.2 bp −$1761.4 bp −$614doesn't fitdoesn't fit

IBM on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IBMUSDT0.0000%8h231.51−0.001%$13K$127K20xas long as short
Bybit IBMUSDTlong0.0000%8h231.51long leg$977K$375K50x
OKX IBM-USDT-SWAP0.0000%8h231.61+0.043%$1.4M$1.2M20xas long as short
Gate IBM_USDT0.0000%8h231.59+0.035%$797K$1.5M50xas long as short
Bitget IBMUSDTshort0.0000%8h231.56+0.022%$793K$402K20x
Variational Omni IBM0.0000%8h231.55+0.019%$256K$15Kas long as short
SunX IBM-USDT0.0000%8h231.38−0.056%$1K$536K10xas long as short
HTX IBM-USDT0.0000%8h231.70+0.082%$5K$34K20xas long as short
QFEX IBM-USD+0.0031%1h231.54+0.013%$1.2M$3.3M10xas long as short
Lighter IBM+0.0032%1h231.510.000%$38K$47K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective IBM/USDC PERP+0.0033%1h201.05−13.157%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.40−0.048%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.45−0.026%$2.0M$818K10xas long as short
KuCoin IBMUSDTM+0.0100%8h231.47−0.017%$194K$33K20xas long as short
Extended IBM-USD+0.0216%1h231.53+0.010%$54K$202K10xas long as short
Binance IBMUSDT+0.0216%8h231.58+0.030%$3.9M$5.9M20xas long as short
BloFin IBM-USDT+0.0225%8h231.510.000%$46K$52K20xas long as short
GRVT IBM_USDT_Perp+0.0448%8h231.56+0.022%$590$169K10xas long as short