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 +0.009%
Price spread now: Binance against Extended+0.027%7-day average +0.038% · 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−$55as in the Price arb table
costs, in and out, $10k−$540.543% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.027%, 7d avg +0.038%
Together, before fees+0.094%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended IBM-USD231.820get 0.0000% / 1h16m 21s$53K$237K10x
ShortBinance IBMUSDT231.890get 0.0000% / 8h3h 16m$3.8M$5.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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: +0.027% → +0.038%
−$1.03
Slippage, 4 orders
−$39.27
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$55.3
Costs to cover
0.543%
Break-even
never at this rate
Slippage from Extended: live order book, 35 min ago; Binance: live order book, 6 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 Extended live order book, 35 min ago1.94 bp16.3 bp −$16186.8 bp −$1,868doesn't fitdoesn't fit
Sell Binance live order book, 6 min ago0.43 bp12.3 bp −$1222.7 bp −$227144.4 bp −$14.4Kdoesn'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%8h231.85+0.010%$13K$127K20xas long as short
Extended IBM-USDlong0.0000%1h231.82long leg$53K$237K10x
Binance IBMUSDTshort0.0000%8h231.89+0.027%$3.8M$5.4M20x
Bybit IBMUSDT0.0000%8h231.67−0.067%$983K$340K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h231.87+0.020%$1.4M$1.2M20xas long as short
Gate IBM_USDT0.0000%8h231.86+0.015%$803K$1.4M50xas long as short
Bitget IBMUSDT0.0000%8h231.67−0.067%$786K$332K20xas long as short
Variational Omni IBM0.0000%8h231.66−0.069%$257K$14Kas long as short
GRVT IBM_USDT_Perp0.0000%8h231.68−0.062%$739$162K10xas long as short
SunX IBM-USDT0.0000%8h231.59−0.101%$936$478K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IBM-USDT0.0000%8h232.24+0.179%$6K$34K20xas long as short
BloFin IBM-USDT+0.0016%8h231.75−0.032%$47K$51K20xas long as short
QFEX IBM-USD+0.0030%1h231.77−0.024%$1.2M$2.2M10xas long as short
Lighter IBM+0.0032%1h231.65−0.075%$38K$43K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.275%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.69−0.058%25xas long as short
tradeXYZ xyz:IBM+0.0047%1h231.59−0.101%$1.9M$777K10xas long as short
KuCoin IBMUSDTM+0.0100%8h231.77−0.024%$195K$34K20xas long as short