Settings8H · net · $10k
Funding arb · Price arb /

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0192%/8h= +21.1% APRnext payment +$1.92 per $10,000 · paid last 24h +0.038%
Price spread now: BloFin against Variational Omni−0.014%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni IBM231.640get 0.0000% / 8h7h 24m$256K$15K
ShortBloFin IBM-USDT231.610.0192get 0.0192% / 8h7h 24m$662$52K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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

Funding earned
$40.38
Price spread: −0.014% → 0.000%
−$1.37
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$27.01
Costs to cover
0.120%
Break-even
2.3 days
Slippage unknown: Variational Omni: RFQ quote, 49 min ago; BloFin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 49 min ago2.79 bpdoesn't fit82.1 bp −$821doesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IBM on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IBMUSDT0.0000%8h231.46−0.077%$13K$127K20xas long as short
Bybit IBMUSDT0.0000%8h231.44−0.087%$976K$354K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h231.68+0.017%$1.4M$1.1M20xas long as short
Gate IBM_USDT0.0000%8h231.63−0.005%$802K$1.5M50xas long as short
Bitget IBMUSDT0.0000%8h231.65+0.004%$793K$356K20xas long as short
Variational Omni IBMlong0.0000%8h231.64long leg$256K$15K
SunX IBM-USDT0.0000%8h231.54−0.044%$905$497K10xas long as short
HTX IBM-USDT0.0000%8h232.07+0.185%$5K$34K20xas long as short
GRVT IBM_USDT_Perp+0.0015%8h231.67+0.011%$320$164K10xas long as short
QFEX IBM-USD+0.0025%1h231.55−0.040%$1.2M$3.3M10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter IBM+0.0032%1h231.35−0.126%$38K$43K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.207%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.46−0.078%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.39−0.109%$1.9M$727K10xas long as short
KuCoin IBMUSDTM+0.0100%8h231.59−0.022%$195K$33K20xas long as short
Binance IBMUSDT+0.0174%8h231.61−0.012%$3.9M$5.3M20xas long as short
Extended IBM-USD+0.0176%1h231.59−0.023%$53K$283K10xas long as short
BloFin IBM-USDTshort+0.0192%8h231.61−0.014%$662$52K20x