Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.036%

Price spread now: Injective against KuCoin−13.172%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 13.172% cheaper against KuCoin than usual: you would sell low and buy high (−$1,317 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IBMUSDTM	231.55	0.0100	pay 0.0100% / 8h	4h 10m	$194K	$34K	20x
Short	Injective IBM/USDC PERP	201.05	0.0033	get 0.0004% / 1h	10m 33s	—	$57	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now −13.172%Rate

Funding earned: −$14
Price spread: −13.172% → 0.000%: −$1,317.21
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,343.23
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 70 min ago; Injective: 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 KuCoin live order book, 70 min ago	4.97 bp	622.5 bp −$622	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	231.47	−0.036%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.50	−0.022%	$54K	$237K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.57	+0.008%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.49	−0.026%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.54	−0.004%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.53	−0.009%	$805K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.57	+0.009%	$786K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.52	−0.012%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.54	−0.005%	$572	$159K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.48	−0.030%	$803	$476K	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	231.94	+0.168%	$5K	$34K	20x	as long as short
BloFin IBM-USDT	+0.0002%	8h	231.58	+0.013%	$47K	$51K	20x	as long as short
QFEX IBM-USD	+0.0026%	1h	231.47	−0.035%	$1.2M	$2.4M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.40	−0.065%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERPshort	+0.0033%	1h	201.05	−13.172%	—	$57	12x
Vest IBM-USD-PERP	+0.0046%	1h	231.41	−0.060%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.42	−0.056%	$1.9M	$757K	10x	as long as short
KuCoin IBMUSDTMlong	+0.0100%	8h	231.55	long leg	$194K	$34K	20x