Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.012%

Price spread now: Lighter against Binance+0.004%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IBMUSDT	231.52	0.0118	pay 0.0118% / 8h	36m 05s	$3.9M	$5.8M	20x
Short	Lighter IBM	231.53	0.0032	get 0.0004% / 1h	36m 05s	$38K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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

Position, each leg$Hold fordaysFee BinancebpFee LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$18
Price spread: +0.004% → 0.000%: $0.43
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27.57
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; Lighter: 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 Binance live order book, 2 min ago	0.22 bp	11.1 bp −$11	25.9 bp −$259	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 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	231.86	+0.146%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.38	−0.060%	$976K	$376K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.50	−0.009%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.52	0.000%	$802K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.52	0.000%	$798K	$405K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.49	−0.014%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.23	−0.125%	$948	$533K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.95	+0.186%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.31	−0.091%	$1.2M	$3.3M	10x	as long as short
Lighter IBMshort	+0.0032%	1h	231.53	+0.004%	$38K	$47K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.161%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.45	−0.030%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.35	−0.073%	$2.0M	$810K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.30	−0.095%	$194K	$34K	20x	as long as short
BloFin IBM-USDT	+0.0104%	8h	231.56	+0.017%	$46K	$52K	20x	as long as short
Binance IBMUSDTlong	+0.0118%	8h	231.52	long leg	$3.9M	$5.8M	20x
Extended IBM-USD	+0.0120%	1h	231.50	−0.007%	$54K	$202K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0368%	8h	231.50	−0.009%	$715	$170K	10x	as long as short