Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: OKX against Gate+0.004%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.004%, 7d avg −0.033%

Together, before fees−0.135%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.037% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IBM_USDT	231.57	0	get 0.0000% / 8h	5h 51m	$799K	$1.4M	50x
Short	OKX IBM-USDT-SWAP	231.58	0	get 0.0000% / 8h	5h 51m	$1.4M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.033%: $3.72
Slippage, 4 orders: −$28.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$49.92
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from Gate: live order book, just now; OKX: live order book, 5 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 Gate live order book, just now	3.67 bp	14.5 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.51 bp	11.7 bp −$12	156.3 bp −$1,563	doesn't fit	doesn't fit

IBM on 17 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	231.49	−0.037%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.50	−0.030%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAPshort	0.0000%	8h	231.58	+0.004%	$1.4M	$1.1M	20x
Gate IBM_USDTlong	0.0000%	8h	231.57	long leg	$799K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	231.60	+0.013%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.61	+0.016%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.27	−0.130%	$934	$486K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.13	+0.242%	$5K	$34K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.52	−0.022%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.180%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0035%	1h	231.58	+0.004%	$1.2M	$2.8M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.43	−0.060%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.43	−0.060%	$1.9M	$725K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0087%	8h	231.59	+0.007%	$192	$158K	10x	as long as short
Binance IBMUSDT	+0.0095%	8h	231.67	+0.043%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0096%	1h	231.61	+0.017%	$53K	$235K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.64	+0.030%	$194K	$33K	20x	as long as short