Settings8H · net · $10k
Funding arb · Price arb /

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.029%
Price spread now: KuCoin against tradeXYZ+0.091%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$794as in the Funding arb table
Net, price: spread back to 7d avg − costs−$806as in the Price arb table
costs, in and out, $10k−$8068.055% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.113%+$11 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.091%, 7d avg +0.093%
Together, before fees+0.103%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.093%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:IBM231.380.0050pay 0.0006% / 1h37m 55s$1.9M$763K10x
ShortKuCoin IBMUSDTM231.590.0100get 0.0100% / 8h3h 37m$195K$34K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$10.5
Price spread: +0.091% → +0.093%
−$0.24
Slippage, 4 orders
−$775.5
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$795.24
Costs to cover
8.055%
Break-even
537.2 days
Slippage from tradeXYZ: live order book, 10 min ago; KuCoin: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 10 min ago1.30 bp13.0 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 33 min ago5.18 bp44.1 bp −$44doesn't fitdoesn't fitdoesn't fit

IBM on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin IBM-USDT−0.0023%8h231.62+0.104%$46K$51K20xas long as short
Aster IBMUSDT0.0000%8h231.47+0.037%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h231.57+0.083%$53K$233K10xas long as short
Binance IBMUSDT0.0000%8h231.64+0.111%$3.8M$5.4M20xas long as short
Bybit IBMUSDT0.0000%8h231.48+0.043%$982K$347K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h231.58+0.086%$1.4M$1.1M20xas long as short
Gate IBM_USDT0.0000%8h231.58+0.086%$801K$1.4M50xas long as short
Bitget IBMUSDT0.0000%8h231.60+0.095%$786K$335K20xas long as short
Variational Omni IBM0.0000%8h231.57+0.084%$256K$15Kas long as short
GRVT IBM_USDT_Perp0.0000%8h231.62+0.102%$164$160K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX IBM-USDT0.0000%8h231.46+0.035%$880$476K10xas long as short
HTX IBM-USDT0.0000%8h231.95+0.246%$6K$34K20xas long as short
QFEX IBM-USD+0.0030%1h231.53+0.065%$1.2M$2.3M10xas long as short
Lighter IBM+0.0032%1h231.45+0.030%$38K$43K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.108%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.40+0.009%25xas long as short
tradeXYZ xyz:IBMlong+0.0050%1h231.38long leg$1.9M$763K10x
KuCoin IBMUSDTMshort+0.0100%8h231.59+0.091%$195K$34K20x