Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.011%

Price spread now: tradeXYZ against Gate−0.091%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$560.557% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.091%, 7d avg −0.113%

Together, before fees+0.014%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IBM_USDT	231.61	0	get 0.0000% / 8h	5h 26m	$799K	$1.4M	50x
Short	tradeXYZ xyz:IBM	231.40	0.0050	get 0.0006% / 1h	26m 21s	$1.9M	$726K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Gate. 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 GatebpFee tradeXYZbpOrdersPrice spread, now −0.091%Rate

Funding earned: $10.5
Price spread: −0.091% → −0.113%: $2.24
Slippage, 4 orders: −$22.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$42.93
Costs to cover: 0.557%
Break-even: 35.6 days

Slippage from Gate: live order book, 1 min ago; tradeXYZ: live order book, 11 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 Gate live order book, 1 min ago	4.75 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	1.30 bp	13.2 bp −$13	25.1 bp −$251	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
Aster IBMUSDT	0.0000%	8h	231.48	−0.057%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.48	−0.056%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.66	+0.022%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDTlong	0.0000%	8h	231.61	long leg	$799K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	231.60	−0.004%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.57	−0.018%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.65	+0.017%	$102	$159K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.38	−0.099%	$766	$485K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.04	+0.186%	$5K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.51	−0.043%	$38K	$43K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.195%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.54	−0.030%	$1.2M	$2.7M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.46	−0.065%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.40	−0.091%	$1.9M	$726K	10x
BloFin IBM-USDT	+0.0055%	8h	231.71	+0.043%	$47K	$52K	20x	as long as short
Binance IBMUSDT	+0.0056%	8h	231.63	+0.011%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0056%	1h	231.58	−0.014%	$54K	$240K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.63	+0.009%	$193K	$34K	20x	as long as short