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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0162%/8h= −17.8% APRnext payment $0.20 per $10,000 · paid last 24h −0.023%
Price spread now: Vest against Extended−0.031%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Vest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.031% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended IBM-USD231.660.0208pay 0.0026% / 1h45m 49s$53K$236K10x
ShortVest IBM-USD-PERP231.590.0046get 0.0006% / 1h45m 49s25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
−$34.09
Price spread: −0.031% → 0.000%
−$3.13
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Vest: 1 bp × 2 orders
−$2
Net
−$44.22
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 26 min ago; Vest: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 26 min ago1.30 bp15.6 bp −$16190.7 bp −$1,907doesn't fitdoesn't fit
Sell Vest no order-book sample
Vest: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IBMUSDT0.0000%8h231.64−0.009%$13K$127K20xas long as short
Bybit IBMUSDT0.0000%8h231.55−0.049%$977K$358K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h231.68+0.008%$1.4M$1.1M20xas long as short
Gate IBM_USDT0.0000%8h231.66−0.001%$798K$1.5M50xas long as short
Bitget IBMUSDT0.0000%8h231.66−0.001%$793K$360K20xas long as short
Variational Omni IBM0.0000%8h231.68+0.007%$257K$15Kas long as short
GRVT IBM_USDT_Perp0.0000%8h231.66−0.002%$320$169K10xas long as short
SunX IBM-USDT0.0000%8h231.50−0.070%$1K$520K10xas long as short
HTX IBM-USDT0.0000%8h232.11+0.193%$5K$34K20xas long as short
QFEX IBM-USD+0.0025%1h231.63−0.014%$1.2M$3.3M10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter IBM+0.0032%1h231.51−0.066%$38K$43K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.214%$5712xas long as short
Vest IBM-USD-PERPshort+0.0046%1h231.59−0.031%25x
tradeXYZ xyz:IBM+0.0050%1h231.45−0.092%$1.9M$824K10xas long as short
KuCoin IBMUSDTM+0.0100%8h231.59−0.031%$195K$33K20xas long as short
BloFin IBM-USDT+0.0195%8h231.70+0.016%$46K$52K20xas long as short
Binance IBMUSDT+0.0207%8h231.70+0.018%$3.9M$5.5M20xas long as short
Extended IBM-USDlong+0.0208%1h231.66long leg$53K$236K10x