Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%

Price spread now: Gate against Extended+0.004%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$780.782% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.004%, 7d avg +0.027%

Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 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 0.023% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	231.19	0	get 0.0000% / 1h	25m 07s	$54K	$202K	10x
Short	Gate IBM_USDT	231.20	0	get 0.0000% / 8h	2h 25m	$806K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → +0.027%: −$2.26
Slippage, 4 orders: −$58.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$80.42
Costs to cover: 0.782%
Break-even: never at this rate

Slippage from Extended: live order book, 61 min ago; Gate: live order book, 2 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 Extended live order book, 61 min ago	1.73 bp	15.3 bp −$15	116.3 bp −$1,163	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.68 bp	22.3 bp −$22	194.6 bp −$1,946	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	−0.0068%	1h	231.12	−0.030%	$2.0M	$811K	10x	as long as short
BloFin IBM-USDT	−0.0029%	8h	231.25	+0.026%	$46K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	230.99	−0.086%	$13K	$126K	20x	as long as short
Extended IBM-USDlong	0.0000%	1h	231.19	long leg	$54K	$202K	10x
Binance IBMUSDT	0.0000%	8h	231.23	+0.015%	$3.9M	$5.8M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.06	−0.056%	$975K	$379K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.25	+0.026%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	231.20	+0.004%	$806K	$1.5M	50x
Bitget IBMUSDT	0.0000%	8h	231.23	+0.017%	$821K	$387K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.22	+0.011%	$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	−0.017%	$1K	$535K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.50	+0.134%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0018%	1h	231.24	+0.021%	$1.2M	$3.1M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.18	−0.004%	$38K	$50K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.037%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.24	+0.021%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.09	−0.043%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0123%	8h	231.27	+0.034%	$807	$176K	10x	as long as short