Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.011%

Price spread now: Gate against tradeXYZ+0.134%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.134%, 7d avg +0.113%

Together, before fees−0.068%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.020% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.113%): +$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 33 hours. At the pace of the last 7 days (−0.006% in total) that is about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:IBM	231.73	0.0050	pay 0.0006% / 1h	46m 04s	$1.8M	$803K	10x
Short	Gate IBM_USDT	232.04	0	get 0.0000% / 8h	2h 46m	$807K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.134%Rate

Funding earned: −$10.5
Price spread: +0.134% → +0.113%: $2.03
Slippage, 4 orders: −$29.77
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.24
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 2 min ago; Gate: live order book, 1 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 tradeXYZ live order book, 2 min ago	1.29 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.08 bp	23.1 bp −$23	220.0 bp −$2,200	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	231.99	+0.114%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.96	+0.098%	$57K	$234K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.02	+0.125%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.92	+0.082%	$984K	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.02	+0.125%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	232.04	+0.134%	$807K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	231.96	+0.099%	$787K	$322K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.02	+0.125%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.08	+0.151%	$777	$161K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.82	+0.039%	$897	$477K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.28	+0.237%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0011%	8h	232.16	+0.186%	$47K	$52K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.95	+0.095%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.82	+0.039%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.240%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.80	+0.030%	—	—	25x	as long as short
tradeXYZ xyz:IBMlong	+0.0050%	1h	231.73	long leg	$1.8M	$803K	10x
KuCoin IBMUSDTM	+0.0100%	8h	231.94	+0.091%	$195K	$36K	20x	as long as short