Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX+0.026%7-day average +0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.026%, 7d avg +0.002%

Together, before fees−0.187%−$19 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: Bybit is 0.024% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	232.51	0	get 0.0000% / 8h	7h 14m	$935	$452K	10x
Short	Bybit IBMUSDT	232.57	0	get 0.0000% / 8h	7h 14m	$994K	$336K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.002%: $2.39
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$16.61
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 27 min ago; Bybit: live order book, 6 min ago. Net counts fees only.

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 SunX live order book, 27 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	4.09 bp	13.7 bp −$14	74.9 bp −$749	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
BloFin IBM-USDT	−0.0023%	8h	232.66	+0.065%	$47K	$61K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.53	+0.009%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.71	+0.086%	$57K	$315K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.77	+0.112%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDTshort	0.0000%	8h	232.57	+0.026%	$994K	$336K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	232.70	+0.082%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.71	+0.086%	$743K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.54	+0.013%	$781K	$308K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.57	+0.026%	$258K	$15K	—	as long as short
SunX IBM-USDTlong	0.0000%	8h	232.51	long leg	$935	$452K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.88	+0.159%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.59	+0.034%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.531%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0036%	1h	232.68	+0.073%	$1.2M	$2.0M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.48	−0.013%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.45	−0.026%	$1.8M	$807K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0082%	8h	232.45	−0.026%	$209	$164K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.58	+0.030%	$195K	$97K	20x	as long as short