Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0041%/8h= +4.4% APRpaid last 24h −0.024%

Price spread now: tradeXYZ against BloFin−0.091%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on tradeXYZ

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.091% cheaper against BloFin than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 7.5 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	BloFin IBM-USDT	231.45	0.0009	pay 0.0009% / 8h	5h 00m	$47K	$51K	20x
Short	tradeXYZ xyz:IBM	231.24	0.0050	get 0.0006% / 1h	0m 54s	$1.9M	$756K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against BloFin. 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 BloFinbpFee tradeXYZbpOrdersPrice spread, now −0.091%Rate

Funding earned: $8.52
Price spread: −0.091% → 0.000%: −$9.07
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$30.56
Costs to cover: 0.300%
Break-even: 32.1 days

Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 7 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 BloFin no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 7 min ago	1.51 bp	10.7 bp −$11	19.4 bp −$194	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IBMUSDT	0.0000%	8h	231.35	−0.043%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.26	−0.082%	$979K	$349K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.45	0.000%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.50	+0.022%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.55	+0.043%	$786K	$342K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.40	−0.020%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.56	+0.048%	$516	$158K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.23	−0.095%	$775	$485K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.66	+0.091%	$5K	$33K	20x	as long as short
BloFin IBM-USDTlong	+0.0009%	8h	231.45	long leg	$47K	$51K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance IBMUSDT	+0.0022%	8h	231.44	−0.002%	$3.9M	$5.4M	20x	as long as short
Extended IBM-USD	+0.0024%	1h	231.38	−0.031%	$54K	$236K	10x	as long as short
Lighter IBM	+0.0032%	1h	231.42	−0.013%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.135%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.33	−0.052%	$1.2M	$2.6M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.29	−0.069%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.24	−0.091%	$1.9M	$756K	10x
KuCoin IBMUSDTM	+0.0100%	8h	231.42	−0.013%	$194K	$34K	20x	as long as short