Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: SunX against Binance−0.155%7-day average −0.077% · you buy dearer than you sell

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

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.155%, 7d avg −0.077%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.077% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IBMUSDT	232.86	0	get 0.0000% / 8h	6h 16m	$3.8M	$4.7M	20x
Short	SunX IBM-USDT	232.50	0	get 0.0000% / 8h	6h 16m	$1K	$404K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → −0.077%: −$7.72
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$25.72
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; SunX: live order book, 27 min ago. 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, 14 min ago	0.22 bp	9.2 bp −$9	35.7 bp −$357	158.9 bp −$15.9K	doesn't fit
Sell SunX live order book, 27 min ago	500.19 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
BloFin IBM-USDT	−0.0006%	8h	232.88	+0.009%	$47K	$61K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.58	−0.119%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.79	−0.030%	$53K	$313K	10x	as long as short
Binance IBMUSDTlong	0.0000%	8h	232.86	long leg	$3.8M	$4.7M	20x
Bybit IBMUSDT	0.0000%	8h	232.66	−0.086%	$1.0M	$306K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.80	−0.026%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.88	+0.009%	$744K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.83	−0.013%	$780K	$288K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.76	−0.044%	$258K	$15K	—	as long as short
SunX IBM-USDTshort	0.0000%	8h	232.50	−0.155%	$1K	$404K	10x

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	233.13	+0.116%	$6K	$34K	20x	as long as short
QFEX IBM-USD	+0.0015%	1h	232.77	−0.039%	$1.2M	$2.0M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.74	−0.052%	$37K	$47K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.661%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.74	−0.052%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0048%	1h	232.67	−0.082%	$1.8M	$789K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.78	−0.034%	$195K	$160K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0367%	8h	232.80	−0.025%	$293	$156K	10x	as long as short