Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.029%

Price spread now: KuCoin against tradeXYZ+0.069%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$845as in the Funding arb table

Net, price: spread back to 7d avg − costs−$859as in the Price arb table

costs, in and out, $10k−$8578.567% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.069%, 7d avg +0.094%

Together, before fees+0.174%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.094%). If the spread goes back, that is −$2 on $10k: about 39 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:IBM	231.19	0.0050	pay 0.0006% / 1h	58m 57s	$1.9M	$756K	10x
Short	KuCoin IBMUSDTM	231.35	0.0100	get 0.0100% / 8h	4h 58m	$194K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $10.5
Price spread: +0.069% → +0.094%: −$2.45
Slippage, 4 orders: −$826.74
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$848.68
Costs to cover: 8.567%
Break-even: 572.8 days

Slippage from tradeXYZ: live order book, 9 min ago; KuCoin: live order book, 21 min ago.

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 tradeXYZ live order book, 9 min ago	1.51 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 21 min ago	4.97 bp	208.5 bp −$208	doesn't fit	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	231.22	+0.014%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.24	+0.022%	$979K	$349K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.49	+0.130%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.50	+0.134%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.55	+0.156%	$786K	$342K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.40	+0.092%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.48	+0.124%	$516	$158K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.22	+0.013%	$786	$484K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.47	+0.121%	$5K	$33K	20x	as long as short
Extended IBM-USD	+0.0016%	1h	231.34	+0.063%	$54K	$231K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance IBMUSDT	+0.0019%	8h	231.38	+0.083%	$3.8M	$5.4M	20x	as long as short
Lighter IBM	+0.0032%	1h	231.31	+0.052%	$38K	$43K	10x	as long as short
BloFin IBM-USDT	+0.0033%	8h	231.38	+0.082%	$47K	$51K	20x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.037%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.31	+0.052%	$1.2M	$2.6M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.22	+0.013%	—	—	25x	as long as short
tradeXYZ xyz:IBMlong	+0.0050%	1h	231.19	long leg	$1.9M	$756K	10x
KuCoin IBMUSDTMshort	+0.0100%	8h	231.35	+0.069%	$194K	$34K	20x