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

IBM

RWAall IBM markets
SwapBacktest
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 0.000%
Price spread now: Bitget against OKX−0.013%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$630.633% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.013%, 7d avg −0.008%
Together, before fees+0.024%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX IBM-USDT-SWAP232.200get 0.0000% / 8h3m 45s$1.4M$1.2M20x
ShortBitget IBMUSDT232.170get 0.0000% / 8h3m 45s$780K$346K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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
$0
Price spread: −0.013% → −0.008%
−$0.47
Slippage, 4 orders
−$41.29
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$63.76
Costs to cover
0.633%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 32 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago2.15 bp17.2 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 32 min ago3.88 bp15.2 bp −$1565.4 bp −$654doesn't fitdoesn't fit

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
BloFin IBM-USDT−0.0006%8h232.19−0.004%$47K$59K20xas long as short
Aster IBMUSDT0.0000%8h232.03−0.071%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h232.13−0.029%$53K$311K10xas long as short
Binance IBMUSDT0.0000%8h232.19−0.004%$3.8M$5.5M20xas long as short
Bybit IBMUSDT0.0000%8h232.00−0.086%$1.0M$349K50xas long as short
OKX IBM-USDT-SWAPlong0.0000%8h232.20long leg$1.4M$1.2M20x
Gate IBM_USDT0.0000%8h232.200.000%$743K$1.5M50xas long as short
Bitget IBMUSDTshort0.0000%8h232.17−0.013%$780K$346K20x
Variational Omni IBM0.0000%8h232.15−0.020%$257K$13Kas long as short
GRVT IBM_USDT_Perp0.0000%8h232.20+0.002%$93$168K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX IBM-USDT0.0000%8h232.03−0.073%$928$471K10xas long as short
HTX IBM-USDT0.0000%8h232.53+0.142%$6K$33K20xas long as short
Lighter IBM+0.0032%1h232.32+0.052%$38K$49K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.415%$5712xas long as short
QFEX IBM-USD+0.0043%1h232.07−0.056%$1.2M$2.1M10xas long as short
Vest IBM-USD-PERP+0.0046%1h231.97−0.099%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.91−0.125%$1.8M$800K10xas long as short
KuCoin IBMUSDTM+0.0100%8h232.08−0.052%$194K$55K20xas long as short