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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget+0.017%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$580.579% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.017%, 7d avg +0.009%
Together, before fees−0.033%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget IBMUSDT231.640get 0.0000% / 8h7h 24m$793K$356K20x
ShortOKX IBM-USDT-SWAP231.680get 0.0000% / 8h7h 24m$1.4M$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: +0.017% → +0.009%
$0.78
Slippage, 4 orders
−$35.94
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$57.16
Costs to cover
0.579%
Break-even
never at this rate
Slippage from Bitget: live order book, 46 min ago; OKX: live order book, 2 min ago.

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, 46 min ago2.37 bp10.7 bp −$1138.7 bp −$387doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.43 bp19.3 bp −$19197.9 bp −$1,979doesn't fitdoesn't fit

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%8h231.45−0.083%$13K$127K20xas long as short
Bybit IBMUSDT0.0000%8h231.48−0.069%$977K$354K50xas long as short
OKX IBM-USDT-SWAPshort0.0000%8h231.68+0.017%$1.4M$1.1M20x
Gate IBM_USDT0.0000%8h231.60−0.017%$802K$1.5M50xas long as short
Bitget IBMUSDTlong0.0000%8h231.64long leg$793K$356K20x
Variational Omni IBM0.0000%8h231.64+0.001%$256K$15Kas long as short
SunX IBM-USDT0.0000%8h231.54−0.043%$905$497K10xas long as short
HTX IBM-USDT0.0000%8h232.07+0.186%$5K$34K20xas long as short
GRVT IBM_USDT_Perp+0.0015%8h231.67+0.012%$320$164K10xas long as short
QFEX IBM-USD+0.0025%1h231.54−0.043%$1.2M$3.3M10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter IBM+0.0032%1h231.35−0.125%$38K$43K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.206%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.44−0.086%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.39−0.108%$1.9M$727K10xas long as short
KuCoin IBMUSDTM+0.0100%8h231.58−0.026%$195K$33K20xas long as short
Binance IBMUSDT+0.0174%8h231.64−0.001%$3.9M$5.3M20xas long as short
Extended IBM-USD+0.0176%1h231.57−0.030%$53K$283K10xas long as short
BloFin IBM-USDT+0.0192%8h231.61−0.013%$662$52K20xas long as short