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 0.000%

Price spread now: Bitget against SunX+0.013%7-day average +0.036% · you sell dearer than you buy

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.013%, 7d avg +0.036%

Together, before fees−0.014%−$1 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: Bitget is 0.023% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	231.93	0	get 0.0000% / 8h	2h 49m	$1K	$476K	10x
Short	Bitget IBMUSDT	231.96	0	get 0.0000% / 8h	2h 49m	$787K	$322K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.036%: −$2.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$22.32
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 22 min ago; Bitget: live order book, 61 min ago. 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 SunX live order book, 22 min ago	500.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 61 min ago	2.38 bp	17.9 bp −$18	63.9 bp −$639	doesn't fit	doesn't fit

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
BloFin IBM-USDT	−0.0006%	8h	232.18	+0.108%	$47K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.08	+0.063%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.03	+0.042%	$57K	$239K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.09	+0.069%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.98	+0.022%	$984K	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.11	+0.078%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.11	+0.078%	$808K	$1.4M	50x	as long as short
Bitget IBMUSDTshort	0.0000%	8h	231.96	+0.013%	$787K	$322K	20x
Variational Omni IBM	0.0000%	8h	232.11	+0.077%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.08	+0.065%	$777	$161K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDTlong	0.0000%	8h	231.93	long leg	$1K	$476K	10x
HTX IBM-USDT	0.0000%	8h	232.39	+0.198%	$6K	$33K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.99	+0.026%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.97	+0.017%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.314%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.94	+0.004%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.86	−0.030%	$1.8M	$803K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.00	+0.030%	$195K	$35K	20x	as long as short