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 −0.029%

Price spread now: tradeXYZ against KuCoin−0.069%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,483as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,469as in the Price arb table

costs, in and out, $10k−$1,47114.715% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.069%, 7d avg −0.094%

Together, before fees−0.174%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.025% dearer against KuCoin than usual: you sell high and buy low (spread −0.069% now, against its 7-day average of −0.094%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IBMUSDTM	231.59	0.0100	pay 0.0100% / 8h	5h 24m	$193K	$34K	20x
Short	tradeXYZ xyz:IBM	231.43	0.0050	get 0.0006% / 1h	24m 31s	$1.9M	$726K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee KuCoinbpFee tradeXYZbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$10.5
Price spread: −0.069% → −0.094%: $2.46
Slippage, 4 orders: −$1,441.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$1,479.54
Costs to cover: 14.715%
Break-even: never at this rate

Slippage from KuCoin: live order book, 71 min ago; tradeXYZ: 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 KuCoin live order book, 71 min ago	4.33 bp	706.6 bp −$707	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 2 min ago	1.08 bp	11.8 bp −$12	doesn't fit	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	−0.047%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.48	−0.047%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.66	+0.030%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.65	+0.026%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.60	+0.004%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.59	+0.001%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.59	0.000%	$102	$159K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.38	−0.091%	$775	$485K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.86	+0.117%	$5K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.51	−0.035%	$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	−13.187%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.45	−0.060%	$1.2M	$2.7M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.46	−0.056%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.43	−0.069%	$1.9M	$726K	10x
Binance IBMUSDT	+0.0055%	8h	231.64	+0.022%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0056%	1h	231.58	−0.004%	$54K	$240K	10x	as long as short
BloFin IBM-USDT	+0.0082%	8h	231.71	+0.052%	$667	$52K	20x	as long as short
KuCoin IBMUSDTMlong	+0.0100%	8h	231.59	long leg	$193K	$34K	20x