Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h +0.004%

Price spread now: BloFin against tradeXYZ−0.034%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.034% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:IBM	232.84	0.0050	pay 0.0006% / 1h	15m 09s	$1.8M	$789K	10x
Short	BloFin IBM-USDT	232.76	0.0001	get 0.0001% / 8h	6h 15m	$47K	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$10.34
Price spread: −0.034% → 0.000%: −$3.44
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$43.77
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 6 min ago; BloFin: no order-book sample. 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 tradeXYZ live order book, 6 min ago	1.50 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IBM on 18 exchanges

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	232.70	−0.058%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.93	+0.039%	$53K	$313K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	233.00	+0.069%	$3.8M	$4.7M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.85	+0.004%	$1.0M	$306K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.98	+0.060%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	233.06	+0.094%	$744K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.89	+0.021%	$780K	$288K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.81	−0.011%	$258K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.58	−0.112%	$1K	$404K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	233.13	+0.125%	$6K	$34K	20x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IBM-USDTshort	+0.0001%	8h	232.76	−0.034%	$47K	$61K	20x
QFEX IBM-USD	+0.0015%	1h	232.89	+0.021%	$1.2M	$2.0M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.92	+0.034%	$37K	$47K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.653%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.84	0.000%	—	—	25x	as long as short
tradeXYZ xyz:IBMlong	+0.0050%	1h	232.84	long leg	$1.8M	$789K	10x
KuCoin IBMUSDTM	+0.0100%	8h	232.80	−0.017%	$195K	$162K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0370%	8h	232.82	−0.009%	$286	$156K	10x	as long as short