Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.008%

Price spread now: KuCoin against Extended−0.032%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,295as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,314as in the Price arb table

costs, in and out, $10k−$1,30913.094% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.032%, 7d avg +0.014%

Together, before fees+0.205%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.045% cheaper against Extended than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.014%). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	232.20	0	get 0.0000% / 1h	8m 50s	$53K	$239K	10x
Short	KuCoin IBMUSDTM	232.13	0.0100	get 0.0100% / 8h	2h 08m	$195K	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.032%Rate

Funding earned: $21
Price spread: −0.032% → +0.014%: −$4.54
Slippage, 4 orders: −$1,292.4
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,292.94
Costs to cover: 13.094%
Break-even: 438.0 days

Slippage from Extended: live order book, 38 min ago; KuCoin: live order book, 47 min ago.

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, 38 min ago	1.51 bp	15.1 bp −$15	168.5 bp −$1,685	doesn't fit	doesn't fit
Sell KuCoin live order book, 47 min ago	6.25 bp	751.5 bp −$752	doesn't fit	doesn't fit	doesn't fit

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	232.07	−0.058%	$13K	$127K	20x	as long as short
Extended IBM-USDlong	0.0000%	1h	232.20	long leg	$53K	$239K	10x
Binance IBMUSDT	0.0000%	8h	232.27	+0.029%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.10	−0.045%	$984K	$340K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.26	+0.024%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.28	+0.033%	$753K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.24	+0.016%	$790K	$327K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.27	+0.030%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.28	+0.031%	$362	$162K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.06	−0.062%	$852	$474K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.42	+0.093%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0007%	8h	232.14	−0.027%	$46K	$52K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.20	−0.002%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.04	−0.071%	$38K	$48K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.417%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.03	−0.075%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.99	−0.092%	$1.8M	$808K	10x	as long as short
KuCoin IBMUSDTMshort	+0.0100%	8h	232.13	−0.032%	$195K	$42K	20x