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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%
Price spread now: Extended against Bybit+0.040%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$570.571% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.081%+$8 on $10k
Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.040%, 7d avg +0.037%
Together, before fees+0.075%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IBMUSDT231.480get 0.0000% / 8h3h 43m$982K$347K50x
ShortExtended IBM-USD231.570get 0.0000% / 1h43m 35s$53K$233K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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: +0.040% → +0.037%
$0.38
Slippage, 4 orders
−$41.06
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$56.68
Costs to cover
0.571%
Break-even
never at this rate
Slippage from Bybit: live order book, 7 min ago; Extended: live order book, 8 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 Bybit live order book, 7 min ago3.03 bp13.7 bp −$1487.6 bp −$876doesn't fitdoesn't fit
Sell Extended live order book, 8 min ago1.94 bp15.9 bp −$16178.5 bp −$1,785doesn'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
BloFin IBM-USDT−0.0014%8h231.66+0.078%$47K$51K20xas long as short
Aster IBMUSDT0.0000%8h231.42−0.024%$13K$127K20xas long as short
Extended IBM-USDshort0.0000%1h231.57+0.040%$53K$233K10x
Binance IBMUSDT0.0000%8h231.64+0.067%$3.8M$5.4M20xas long as short
Bybit IBMUSDTlong0.0000%8h231.48long leg$982K$347K50x
OKX IBM-USDT-SWAP0.0000%8h231.64+0.069%$1.4M$1.1M20xas long as short
Gate IBM_USDT0.0000%8h231.61+0.056%$801K$1.4M50xas long as short
Bitget IBMUSDT0.0000%8h231.62+0.060%$786K$335K20xas long as short
Variational Omni IBM0.0000%8h231.60+0.054%$256K$15Kas long as short
GRVT IBM_USDT_Perp0.0000%8h231.61+0.056%$320$160K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX IBM-USDT0.0000%8h231.47−0.004%$1K$476K10xas long as short
HTX IBM-USDT0.0000%8h231.90+0.181%$6K$34K20xas long as short
QFEX IBM-USD+0.0030%1h231.53+0.022%$1.2M$2.3M10xas long as short
Lighter IBM+0.0032%1h231.45−0.013%$38K$43K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.146%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.40−0.035%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.35−0.056%$1.9M$763K10xas long as short
KuCoin IBMUSDTM+0.0100%8h231.61+0.056%$195K$34K20xas long as short