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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.041%
Price spread now: BloFin against Bitget+0.022%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.022% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget IBMUSDT232.210get 0.0000% / 8h10m 52s$780K$347K20x
ShortBloFin IBM-USDT232.260.0010get 0.0010% / 8h10m 52s$47K$60K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$2.04
Price spread: +0.022% → 0.000%
$2.15
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$19.8
Costs to cover
0.240%
Break-even
74.9 days
Slippage unknown: Bitget: live order book, 25 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 25 min ago3.88 bp18.6 bp −$1949.9 bp −$499doesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IBMUSDT0.0000%8h232.11−0.043%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h232.16−0.023%$53K$311K10xas long as short
Binance IBMUSDT0.0000%8h232.21−0.001%$3.8M$5.6M20xas long as short
Bybit IBMUSDT0.0000%8h232.03−0.078%$1.0M$349K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h232.12−0.039%$1.4M$1.2M20xas long as short
Gate IBM_USDT0.0000%8h232.22+0.004%$743K$1.5M50xas long as short
Bitget IBMUSDTlong0.0000%8h232.21long leg$780K$347K20x
Variational Omni IBM0.0000%8h232.19−0.008%$257K$13Kas long as short
GRVT IBM_USDT_Perp0.0000%8h232.210.000%$93$168K10xas long as short
SunX IBM-USDT0.0000%8h232.10−0.047%$884$471K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IBM-USDT0.0000%8h232.25+0.017%$6K$33K20xas long as short
BloFin IBM-USDTshort+0.0010%8h232.26+0.022%$47K$60K20x
Lighter IBM+0.0032%1h232.32+0.047%$38K$49K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.419%$5712xas long as short
QFEX IBM-USD+0.0043%1h232.13−0.034%$1.2M$2.1M10xas long as short
Vest IBM-USD-PERP+0.0046%1h232.05−0.069%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.91−0.129%$1.8M$799K10xas long as short
KuCoin IBMUSDTM+0.0100%8h232.16−0.022%$194K$56K20xas long as short