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: Bybit against OKX−0.047%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$550.554% 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)+0.006%+$1 · spread now −0.047%, 7d avg −0.044%
Together, before fees+0.003%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX IBM-USDT-SWAP232.100get 0.0000% / 8h2h 25m$1.4M$1.2M20x
ShortBybit IBMUSDT231.990get 0.0000% / 8h2h 25m$983K$340K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.047% → −0.044%
−$0.34
Slippage, 4 orders
−$34.36
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$55.7
Costs to cover
0.554%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 20 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, 1 min ago1.72 bp11.9 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 20 min ago3.88 bp12.5 bp −$1270.9 bp −$709doesn'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−0.0013%8h232.19+0.039%$46K$52K20xas long as short
Aster IBMUSDT0.0000%8h232.11+0.003%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h232.05−0.023%$57K$234K10xas long as short
Binance IBMUSDT0.0000%8h232.14+0.016%$3.8M$5.5M20xas long as short
Bybit IBMUSDTshort0.0000%8h231.99−0.047%$983K$340K50x
OKX IBM-USDT-SWAPlong0.0000%8h232.10long leg$1.4M$1.2M20x
Gate IBM_USDT0.0000%8h232.14+0.017%$804K$1.4M50xas long as short
Bitget IBMUSDT0.0000%8h232.100.000%$789K$325K20xas long as short
Variational Omni IBM0.0000%8h232.06−0.016%$257K$13Kas long as short
GRVT IBM_USDT_Perp0.0000%8h232.16+0.025%$77$161K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX IBM-USDT0.0000%8h232.01−0.039%$851$476K10xas long as short
HTX IBM-USDT0.0000%8h232.38+0.121%$6K$33K20xas long as short
QFEX IBM-USD+0.0030%1h232.05−0.022%$1.2M$2.2M10xas long as short
Lighter IBM+0.0032%1h232.05−0.022%$38K$44K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.378%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.82−0.121%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.73−0.159%$1.8M$807K10xas long as short
KuCoin IBMUSDTM+0.0100%8h232.05−0.022%$195K$39K20xas long as short