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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against KuCoin+0.017%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$860as in the Funding arb table
Net, price: spread back to 7d avg − costs−$852as in the Price arb table
costs, in and out, $10k−$8518.510% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.094%−$9 on $10k
Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.017%, 7d avg +0.024%
Together, before fees+0.055%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin IBMUSDTM231.550.0100pay 0.0100% / 8h4h 15m$194K$34K20x
ShortBinance IBMUSDT231.590get 0.0000% / 8h4h 15m$3.8M$5.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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
−$21
Price spread: +0.017% → +0.024%
−$0.73
Slippage, 4 orders
−$828.99
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$872.72
Costs to cover
8.510%
Break-even
never at this rate
Slippage from KuCoin: live order book, 65 min ago; Binance: live order book, 8 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 KuCoin live order book, 65 min ago4.97 bp622.5 bp −$622doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 8 min ago0.22 bp10.5 bp −$1118.8 bp −$188133.2 bp −$13.3Kdoesn'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%8h231.46−0.039%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h231.53−0.010%$54K$237K10xas long as short
Binance IBMUSDTshort0.0000%8h231.59+0.017%$3.8M$5.4M20x
Bybit IBMUSDT0.0000%8h231.46−0.039%$982K$348K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h231.52−0.013%$1.4M$1.1M20xas long as short
Gate IBM_USDT0.0000%8h231.54−0.004%$805K$1.4M50xas long as short
Bitget IBMUSDT0.0000%8h231.59+0.017%$786K$341K20xas long as short
Variational Omni IBM0.0000%8h231.55+0.002%$256K$15Kas long as short
GRVT IBM_USDT_Perp0.0000%8h231.57+0.007%$572$159K10xas long as short
SunX IBM-USDT0.0000%8h231.48−0.030%$803$484K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IBM-USDT0.0000%8h232.04+0.212%$5K$34K20xas long as short
BloFin IBM-USDT+0.0001%8h231.60+0.022%$47K$51K20xas long as short
QFEX IBM-USD+0.0026%1h231.50−0.022%$1.2M$2.4M10xas long as short
Lighter IBM+0.0032%1h231.39−0.069%$38K$43K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.172%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.41−0.060%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.40−0.065%$1.9M$757K10xas long as short
KuCoin IBMUSDTMlong+0.0100%8h231.55long leg$194K$34K20x