Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.038%

Price spread now: Extended against SunX+0.006%7-day average +0.038% · you sell dearer than you buy

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.006%, 7d avg +0.038%

Together, before fees+0.087%+ Points / potential airdropExtended: Active · farm board+$9 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: Extended is 0.032% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	232.01	0	get 0.0000% / 8h	2h 26m	$851	$476K	10x
Short	Extended IBM-USD	232.02	0	get 0.0000% / 1h	26m 13s	$57K	$234K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → +0.038%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.16
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 45 min ago; Extended: live order book, 21 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, 45 min ago	500.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	1.51 bp	15.1 bp −$15	125.9 bp −$1,259	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	−0.0013%	8h	232.19	+0.078%	$46K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.10	+0.037%	$13K	$127K	20x	as long as short
Extended IBM-USDshort	0.0000%	1h	232.02	+0.006%	$57K	$234K	10x
Binance IBMUSDT	0.0000%	8h	232.09	+0.032%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.95	−0.026%	$983K	$340K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.03	+0.009%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.10	+0.039%	$804K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.09	+0.034%	$789K	$325K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.18	+0.073%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.16	+0.064%	$77	$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	232.01	long leg	$851	$476K	10x
HTX IBM-USDT	0.0000%	8h	232.38	+0.159%	$6K	$33K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.00	−0.004%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.04	+0.013%	$38K	$44K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.344%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.83	−0.078%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.75	−0.112%	$1.8M	$807K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.03	+0.009%	$195K	$39K	20x	as long as short