Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.013%

Price spread now: Lighter against Bitget−0.060%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 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

Funding pays, the price is against you. Lighter is 0.060% cheaper against Bitget than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 6.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IBMUSDT	231.96	0	get 0.0000% / 8h	2h 46m	$787K	$322K	20x
Short	Lighter IBM	231.82	0.0032	get 0.0004% / 1h	46m 09s	$38K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.060%Rate

Funding earned: $6.72
Price spread: −0.060% → 0.000%: −$6.04
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.32
Costs to cover: 0.120%
Break-even: 18.8 days

Slippage unknown: Bitget: live order book, 64 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 Bitget live order book, 64 min ago	2.38 bp	12.5 bp −$13	35.9 bp −$359	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	231.99	+0.015%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.96	−0.001%	$57K	$234K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.02	+0.026%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.92	−0.017%	$984K	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.02	+0.026%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.04	+0.034%	$807K	$1.4M	50x	as long as short
Bitget IBMUSDTlong	0.0000%	8h	231.96	long leg	$787K	$322K	20x
Variational Omni IBM	0.0000%	8h	232.02	+0.026%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.08	+0.052%	$777	$161K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.82	−0.060%	$897	$477K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.28	+0.138%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0011%	8h	232.16	+0.086%	$47K	$52K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.95	−0.004%	$1.2M	$2.2M	10x	as long as short
Lighter IBMshort	+0.0032%	1h	231.82	−0.060%	$38K	$43K	10x
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.326%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.80	−0.069%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.73	−0.099%	$1.8M	$803K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.94	−0.009%	$195K	$36K	20x	as long as short