Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.058%

Price spread now: Gate against OKX−0.004%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.004%, 7d avg +0.034%

Together, before fees+0.151%+$15 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 0.038% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IBM-USDT-SWAP	231.53	0	get 0.0000% / 8h	46m 59s	$1.4M	$1.2M	20x
Short	Gate IBM_USDT	231.52	0	get 0.0000% / 8h	46m 59s	$810K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.034%: −$3.82
Slippage, 4 orders: −$37.72
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$66.54
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Gate: live order book, just now.

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 OKX live order book, 5 min ago	0.22 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, just now	3.46 bp	18.6 bp −$19	198.0 bp −$1,980	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	231.38	−0.065%	$13K	$126K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.36	−0.073%	$976K	$376K	50x	as long as short
OKX IBM-USDT-SWAPlong	0.0000%	8h	231.53	long leg	$1.4M	$1.2M	20x
Gate IBM_USDTshort	0.0000%	8h	231.52	−0.004%	$810K	$1.5M	50x
Bitget IBMUSDT	0.0000%	8h	231.48	−0.022%	$798K	$405K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.54	+0.005%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.25	−0.121%	$971	$533K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.63	+0.043%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.48	−0.022%	$1.2M	$3.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.54	+0.004%	$38K	$47K	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	−13.165%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.50	−0.013%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.32	−0.091%	$2.0M	$810K	10x	as long as short
Extended IBM-USD	+0.0088%	1h	231.45	−0.036%	$54K	$202K	10x	as long as short
Binance IBMUSDT	+0.0088%	8h	231.49	−0.018%	$3.9M	$5.8M	20x	as long as short
BloFin IBM-USDT	+0.0092%	8h	231.52	−0.004%	$46K	$52K	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.29	−0.104%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0353%	8h	231.50	−0.012%	$442	$170K	10x	as long as short