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: Bybit against SunX+0.052%7-day average 0.000% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.052%, 7d avg 0.000%

Together, before fees−0.072%−$7 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: Bybit is 0.051% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	231.14	0	get 0.0000% / 8h	6h 17m	$1K	$487K	10x
Short	Bybit IBMUSDT	231.26	0	get 0.0000% / 8h	6h 17m	$973K	$346K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → 0.000%: $5.15
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$13.85
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 23 min ago; Bybit: live order book, 47 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, 23 min ago	514.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 47 min ago	4.11 bp	14.5 bp −$14	92.7 bp −$927	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	231.19	+0.021%	$13K	$127K	20x	as long as short
Bybit IBMUSDTshort	0.0000%	8h	231.26	+0.052%	$973K	$346K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	231.36	+0.095%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.33	+0.082%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.42	+0.121%	$791K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.36	+0.094%	$256K	$15K	—	as long as short
SunX IBM-USDTlong	0.0000%	8h	231.14	long leg	$1K	$487K	10x
HTX IBM-USDT	0.0000%	8h	231.62	+0.208%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0029%	1h	231.31	+0.074%	$1.2M	$2.9M	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.018%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT IBM_USDT_Perp	+0.0043%	8h	231.35	+0.091%	$458	$159K	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.16	+0.009%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.23	+0.039%	$1.9M	$723K	10x	as long as short
Lighter IBM	+0.0096%	1h	231.51	+0.160%	$38K	$43K	10x	as long as short
Extended IBM-USD	+0.0096%	1h	231.31	+0.073%	$53K	$237K	10x	as long as short
Binance IBMUSDT	+0.0099%	8h	231.37	+0.100%	$3.9M	$5.2M	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.24	+0.043%	$194K	$33K	20x	as long as short