Funding arb · Price arb /

IBM

RWAall IBM markets

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 0.000%

Price spread now: OKX against SunX+0.112%7-day average +0.043% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.112%, 7d avg +0.043%

Together, before fees−0.072%−$7 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: OKX is 0.069% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	231.30	0	get 0.0000% / 8h	5h 58m	$877	$487K	10x
Short	OKX IBM-USDT-SWAP	231.56	0	get 0.0000% / 8h	5h 58m	$1.4M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.043%: $6.89
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.11
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 43 min ago; OKX: live order book, 3 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, 43 min ago	514.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.08 bp	11.2 bp −$11	148.4 bp −$1,484	doesn't fit	doesn't fit

IBM on 17 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	231.40	+0.042%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.46	+0.069%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAPshort	0.0000%	8h	231.56	+0.112%	$1.4M	$1.1M	20x
Gate IBM_USDT	0.0000%	8h	231.54	+0.104%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.59	+0.125%	$792K	$335K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.60	+0.129%	$256K	$15K	—	as long as short
SunX IBM-USDTlong	0.0000%	8h	231.30	long leg	$877	$487K	10x
HTX IBM-USDT	0.0000%	8h	232.03	+0.316%	$5K	$34K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.51	+0.091%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.078%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0035%	1h	231.53	+0.099%	$1.2M	$2.8M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	+0.043%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.39	+0.039%	$1.9M	$725K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0076%	8h	231.53	+0.102%	$285	$158K	10x	as long as short
Binance IBMUSDT	+0.0092%	8h	231.62	+0.138%	$3.9M	$5.2M	20x	as long as short
Extended IBM-USD	+0.0096%	1h	231.56	+0.115%	$53K	$237K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.48	+0.078%	$194K	$33K	20x	as long as short