Funding arb · Price arb /

IBM

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Swap Backtest

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 −0.083%

Price spread now: Bitget against GRVT−0.006%113s7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.555% of the position

Long on GRVT Short on Bitget

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)−0.178%−$18 · spread now −0.006%, 7d avg −0.030%

Together, before fees−0.392%+ Points / potential airdropGRVT: Active · farm board−$39 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: Bitget is 0.023% dearer against GRVT than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT IBM_USDT_Perp	231.60	0	get 0.0000% / 8h	3h 57m	$35	$159K	10x
Short	Bitget IBMUSDT	231.59	0	get 0.0000% / 8h	3h 57m	$786K	$337K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.030%: $2.33
Slippage, 4 orders: −$34.52
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$53.19
Costs to cover: 0.555%
Break-even: never at this rate

Slippage from GRVT: live order book, 55 min ago; Bitget: live order book, 58 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 GRVT live order book, 55 min ago	1.73 bp	11.5 bp −$12	33.0 bp −$330	doesn't fit	doesn't fit
Sell Bitget live order book, 58 min ago	3.24 bp	13.3 bp −$13	70.5 bp −$705	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	231.43	−0.074%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.55	−0.022%	$54K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.59	−0.006%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.45	−0.067%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.55	−0.024%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.56	−0.019%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDTshort	0.0000%	8h	231.59	−0.006%	$786K	$337K	20x
Variational Omni IBM	0.0000%	8h	231.59	−0.004%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perplong	0.0000%	8h	231.60	long leg	$35	$159K	10x
SunX IBM-USDT	0.0000%	8h	231.50	−0.045%	$945	$476K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	231.79	+0.080%	$6K	$34K	20x	as long as short
BloFin IBM-USDT	+0.0029%	8h	231.66	+0.024%	$47K	$51K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.38	−0.097%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.44	−0.071%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.193%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.088%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.35	−0.110%	$1.9M	$763K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.52	−0.037%	$194K	$34K	20x	as long as short