Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h +0.005%

Price spread now: BloFin against Extended+0.016%774s7-day average — · you sell dearer than you buy

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

Long on Extended Short on BloFin

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 airdropExtended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 774 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	231.14	0.0104	pay 0.0013% / 1h	36m 03s	$54K	$235K	10x
Short	BloFin IBM-USDT	231.18	0.0122	get 0.0122% / 8h	6h 36m	$46K	$52K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee ExtendedbpFee BloFinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $3.7
Price spread: +0.016% → 0.000%: $1.64
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.67
Costs to cover: 0.170%
Break-even: 29.1 days

Slippage unknown: Extended: live order book, 31 min ago; BloFin: 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 Extended live order book, 31 min ago	0.43 bp	14.5 bp −$15	192.9 bp −$1,929	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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	231.07	−0.030%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.10	−0.018%	$972K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.25	+0.047%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.22	+0.034%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.23	+0.038%	$791K	$340K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.19	+0.020%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.42	+0.122%	$194	$160K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.16	+0.008%	$1K	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.57	+0.185%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0029%	1h	231.22	+0.034%	$1.2M	$3.1M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.33	+0.081%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.019%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.13	−0.005%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.12	−0.010%	$1.9M	$723K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.12	−0.010%	$194K	$33K	20x	as long as short
Extended IBM-USDlong	+0.0104%	1h	231.14	long leg	$54K	$235K	10x
Binance IBMUSDT	+0.0105%	8h	231.20	+0.025%	$3.9M	$5.3M	20x	as long as short
BloFin IBM-USDTshort	+0.0122%	8h	231.18	+0.016%	$46K	$52K	20x