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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Gate against Bybit+0.069%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$680.676% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.106%+$11 on $10k
Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.069%, 7d avg +0.062%
Together, before fees+0.150%+$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IBMUSDT231.170get 0.0000% / 8h6h 23m$972K$346K50x
ShortGate IBM_USDT231.330get 0.0000% / 8h6h 23m$798K$1.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.069% → +0.062%
$0.74
Slippage, 4 orders
−$41.63
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$66.88
Costs to cover
0.676%
Break-even
never at this rate
Slippage from Bybit: live order book, 41 min ago; Gate: live order book, 3 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, 41 min ago4.11 bp15.1 bp −$1583.7 bp −$837doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago3.03 bp19.6 bp −$20185.2 bp −$1,852doesn't fitdoesn't fit

IBM on 17 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%8h231.14−0.012%$13K$127K20xas long as short
Bybit IBMUSDTlong0.0000%8h231.17long leg$972K$346K50x
OKX IBM-USDT-SWAP0.0000%8h231.25+0.035%$1.4M$1.1M20xas long as short
Gate IBM_USDTshort0.0000%8h231.33+0.069%$798K$1.4M50x
Bitget IBMUSDT0.0000%8h231.36+0.082%$791K$338K20xas long as short
Variational Omni IBM0.0000%8h231.34+0.074%$256K$15Kas long as short
SunX IBM-USDT0.0000%8h231.16−0.004%$1K$487K10xas long as short
HTX IBM-USDT0.0000%8h231.84+0.290%$5K$34K20xas long as short
GRVT IBM_USDT_Perp+0.0019%8h231.33+0.067%$507$160K10xas long as short
QFEX IBM-USD+0.0029%1h231.31+0.061%$1.2M$3.0M10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective IBM/USDC PERP+0.0033%1h201.05−13.029%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.14−0.013%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.16−0.004%$1.9M$723K10xas long as short
Lighter IBM+0.0072%1h231.47+0.130%$38K$43K10xas long as short
Extended IBM-USD+0.0096%1h231.33+0.068%$54K$232K10xas long as short
Binance IBMUSDT+0.0098%8h231.37+0.089%$3.9M$5.2M20xas long as short
KuCoin IBMUSDTM+0.0100%8h231.19+0.009%$194K$33K20xas long as short