Funding arb · Price arb /

IBM

RWAall IBM markets

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: OKX against SunX+0.078%47s7-day average +0.047% · you sell dearer than you buy

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

Long on SunX Short on OKX

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)−0.041%−$4 · spread now +0.078%, 7d avg +0.047%

Together, before fees−0.037%−$4 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: OKX is 0.031% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	232.02	0	get 0.0000% / 8h	7m 29s	$900	$471K	10x
Short	OKX IBM-USDT-SWAP	232.20	0	get 0.0000% / 8h	7m 29s	$1.4M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.047%: $3.08
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.92
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 44 min ago; OKX: live order book, 4 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, 44 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.86 bp	8.4 bp −$8	152.1 bp −$1,521	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
Aster IBMUSDT	0.0000%	8h	232.07	+0.023%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.13	+0.049%	$53K	$311K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.19	+0.071%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.01	−0.004%	$1.0M	$349K	50x	as long as short
OKX IBM-USDT-SWAPshort	0.0000%	8h	232.20	+0.078%	$1.4M	$1.2M	20x
Gate IBM_USDT	0.0000%	8h	232.20	+0.078%	$743K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.19	+0.073%	$780K	$346K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.19	+0.074%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.21	+0.082%	$93	$168K	10x	as long as short
SunX IBM-USDTlong	0.0000%	8h	232.02	long leg	$900	$471K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.48	+0.198%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0017%	8h	232.23	+0.091%	$47K	$60K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.32	+0.129%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.348%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.10	+0.034%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.01	−0.004%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.92	−0.043%	$1.8M	$800K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.13	+0.047%	$194K	$56K	20x	as long as short