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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.049%
Price spread now: GRVT against Bybit+0.070%50s7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$710.715% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.214%+$21 on $10k
Price spread, last 4 days (all we have)+0.232%+$23 · spread now +0.070%, 7d avg +0.064%
Together, before fees+0.446%+ Points / potential airdropGRVT: Active · farm board+$45 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IBMUSDT232.120get 0.0000% / 8h7h 44m$1.0M$339K50x
ShortGRVT IBM_USDT_Perp232.280get 0.0000% / 8h7h 44m$439$168K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: +0.070% → +0.064%
$0.61
Slippage, 4 orders
−$51.45
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$70.84
Costs to cover
0.715%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; GRVT: live order book, 48 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, 1 min ago3.45 bp16.4 bp −$1685.0 bp −$850doesn't fitdoesn't fit
Sell GRVT live order book, 48 min ago1.51 bp25.9 bp −$26doesn't fitdoesn'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%8h232.15+0.012%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h232.29+0.072%$53K$311K10xas long as short
Binance IBMUSDT0.0000%8h232.28+0.069%$3.8M$5.5M20xas long as short
Bybit IBMUSDTlong0.0000%8h232.12long leg$1.0M$339K50x
OKX IBM-USDT-SWAP0.0000%8h232.33+0.090%$1.4M$1.2M20xas long as short
Gate IBM_USDT0.0000%8h232.40+0.121%$743K$1.4M50xas long as short
Bitget IBMUSDT0.0000%8h232.09−0.013%$779K$334K20xas long as short
Variational Omni IBM0.0000%8h232.30+0.078%$256K$13Kas long as short
GRVT IBM_USDT_Perpshort0.0000%8h232.28+0.070%$439$168K10x
SunX IBM-USDT0.0000%8h232.20+0.034%$766$456K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IBM-USDT0.0000%8h232.20+0.034%$6K$33K20xas long as short
BloFin IBM-USDT+0.0028%8h232.37+0.108%$47K$60K20xas long as short
Lighter IBM+0.0032%1h232.23+0.047%$38K$45K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.385%$5712xas long as short
QFEX IBM-USD+0.0036%1h232.29+0.073%$1.2M$2.1M10xas long as short
Vest IBM-USD-PERP+0.0046%1h232.31+0.082%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h232.13+0.004%$1.8M$802K10xas long as short
KuCoin IBMUSDTM+0.0100%8h232.17+0.022%$195K$69K20xas long as short