Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.058%

Price spread now: Gate against Bitget−0.004%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$680.684% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.004%, 7d avg +0.028%

Together, before fees+0.160%+$16 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: Gate is 0.032% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IBMUSDT	231.52	0	get 0.0000% / 8h	19m 52s	$798K	$404K	20x
Short	Gate IBM_USDT	231.51	0	get 0.0000% / 8h	19m 52s	$797K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.028%: −$3.22
Slippage, 4 orders: −$41.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.6
Costs to cover: 0.684%
Break-even: never at this rate

Slippage from Bitget: live order book, 56 min ago; Gate: live order book, 3 min ago.

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 Bitget live order book, 56 min ago	4.10 bp	13.8 bp −$14	54.0 bp −$540	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.75 bp	15.6 bp −$16	184.1 bp −$1,841	doesn't fit	doesn't fit

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	231.90	+0.163%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.41	−0.048%	$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_USDTshort	0.0000%	8h	231.51	−0.004%	$797K	$1.5M	50x
Bitget IBMUSDTlong	0.0000%	8h	231.52	long leg	$798K	$404K	20x
Variational Omni IBM	0.0000%	8h	231.57	+0.021%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.30	−0.095%	$932	$534K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.89	+0.160%	$5K	$33K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.45	−0.030%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.54	+0.009%	$38K	$47K	10x	as long as short

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	231.40	−0.052%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.060%	$2.0M	$808K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.42	−0.043%	$194K	$34K	20x	as long as short
Binance IBMUSDT	+0.0173%	8h	231.53	+0.002%	$3.9M	$5.8M	20x	as long as short
Extended IBM-USD	+0.0176%	1h	231.49	−0.014%	$54K	$202K	10x	as long as short
BloFin IBM-USDT	+0.0195%	8h	231.58	+0.026%	$46K	$52K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0418%	8h	231.54	+0.009%	$621	$170K	10x	as long as short