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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.008%
Price spread now: Extended against Binance−0.018%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$550.553% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.035%−$4 on $10k
Price spread, last 2 days (all we have)−0.017%−$2 · spread now −0.018%, 7d avg −0.027%
Together, before fees−0.052%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance IBMUSDT231.540.0100pay 0.0100% / 8h41m 59s$3.9M$5.8M20x
ShortExtended IBM-USD231.500.0096get 0.0012% / 1h41m 59s$54K$202K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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
−$0.8
Price spread: −0.018% → −0.027%
$0.89
Slippage, 4 orders
−$40.27
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$55.18
Costs to cover
0.553%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; Extended: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago0.22 bp11.2 bp −$1128.5 bp −$285doesn't fitdoesn't fit
Sell Extended live order book, 35 min ago1.51 bp15.2 bp −$15169.9 bp −$1,699doesn't fitdoesn't fit

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%8h231.45−0.037%$13K$126K20xas long as short
Bybit IBMUSDT0.0000%8h231.37−0.073%$976K$376K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h231.50−0.017%$1.4M$1.2M20xas long as short
Gate IBM_USDT0.0000%8h231.49−0.022%$802K$1.5M50xas long as short
Bitget IBMUSDT0.0000%8h231.52−0.009%$798K$405K20xas long as short
Variational Omni IBM0.0000%8h231.47−0.032%$256K$15Kas long as short
SunX IBM-USDT0.0000%8h231.27−0.117%$888$533K10xas long as short
HTX IBM-USDT0.0000%8h231.88+0.147%$5K$34K20xas long as short
QFEX IBM-USD+0.0031%1h231.39−0.065%$1.2M$3.2M10xas long as short
Lighter IBM+0.0032%1h231.540.000%$38K$47K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective IBM/USDC PERP+0.0033%1h201.05−13.168%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.50−0.017%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.35−0.082%$2.0M$808K10xas long as short
BloFin IBM-USDT+0.0079%8h231.540.000%$46K$52K20xas long as short
Extended IBM-USDshort+0.0096%1h231.50−0.018%$54K$202K10x
Binance IBMUSDTlong+0.0100%8h231.54long leg$3.9M$5.8M20x
KuCoin IBMUSDTM+0.0100%8h231.30−0.104%$194K$34K20xas long as short
GRVT IBM_USDT_Perp+0.0361%8h231.47−0.030%$213$169K10xas long as short