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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.011%
Price spread now: Extended against Binance−0.011%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$590.587% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.054%−$5 on $10k
Price spread, last 2 days (all we have)−0.023%−$2 · spread now −0.011%, 7d avg −0.026%
Together, before fees−0.077%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance IBMUSDT231.610.0174pay 0.0174% / 8h7h 24m$3.9M$5.3M20x
ShortExtended IBM-USD231.590.0176get 0.0022% / 1h24m 43s$53K$283K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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
$0.47
Price spread: −0.011% → −0.026%
$1.51
Slippage, 4 orders
−$43.73
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$56.75
Costs to cover
0.587%
Break-even
847.7 days
Slippage from Binance: live order book, 13 min ago; Extended: live order book, 47 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 Binance live order book, 13 min ago0.22 bp14.0 bp −$1432.8 bp −$328doesn't fitdoesn't fit
Sell Extended live order book, 47 min ago1.30 bp14.9 bp −$15104.3 bp −$1,043doesn'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
Aster IBMUSDT0.0000%8h231.46−0.065%$13K$127K20xas long as short
Bybit IBMUSDT0.0000%8h231.44−0.075%$976K$354K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h231.68+0.029%$1.4M$1.1M20xas long as short
Gate IBM_USDT0.0000%8h231.63+0.007%$802K$1.5M50xas long as short
Bitget IBMUSDT0.0000%8h231.65+0.016%$793K$356K20xas long as short
Variational Omni IBM0.0000%8h231.64+0.012%$256K$15Kas long as short
SunX IBM-USDT0.0000%8h231.54−0.032%$905$497K10xas long as short
HTX IBM-USDT0.0000%8h232.07+0.197%$5K$34K20xas long as short
GRVT IBM_USDT_Perp+0.0015%8h231.67+0.023%$320$164K10xas long as short
QFEX IBM-USD+0.0025%1h231.55−0.028%$1.2M$3.3M10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter IBM+0.0032%1h231.35−0.114%$38K$43K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.196%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.46−0.066%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.39−0.097%$1.9M$727K10xas long as short
KuCoin IBMUSDTM+0.0100%8h231.59−0.010%$195K$33K20xas long as short
Binance IBMUSDTlong+0.0174%8h231.61long leg$3.9M$5.3M20x
Extended IBM-USDshort+0.0176%1h231.59−0.011%$53K$283K10x
BloFin IBM-USDT+0.0192%8h231.61−0.002%$662$52K20xas long as short