Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.025%

Price spread now: tradeXYZ against BloFin−0.099%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.099% cheaper against BloFin than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 5.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IBM-USDT	232.21	−0.0010	get 0.0010% / 8h	31m 09s	$47K	$59K	20x
Short	tradeXYZ xyz:IBM	231.98	0.0050	get 0.0006% / 1h	31m 09s	$1.8M	$796K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against BloFin. 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 BloFinbpFee tradeXYZbpOrdersPrice spread, now −0.099%Rate

Funding earned: $12.5
Price spread: −0.099% → 0.000%: −$9.9
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$27.41
Costs to cover: 0.300%
Break-even: 22.4 days

Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 7 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 BloFin no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 7 min ago	1.51 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IBM-USDTlong	−0.0010%	8h	232.21	long leg	$47K	$59K	20x
Aster IBMUSDT	0.0000%	8h	232.28	+0.031%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.15	−0.027%	$53K	$315K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.20	−0.004%	$3.8M	$5.6M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.11	−0.043%	$1.0M	$353K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.29	+0.034%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.19	−0.009%	$750K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.19	−0.009%	$780K	$350K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.10	−0.047%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.18	−0.013%	$65	$168K	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-USDT	0.0000%	8h	232.01	−0.086%	$561	$471K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.36	+0.065%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.29	+0.034%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.419%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.11	−0.043%	$1.2M	$2.0M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.97	−0.103%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.98	−0.099%	$1.8M	$796K	10x
KuCoin IBMUSDTM	+0.0100%	8h	232.12	−0.039%	$195K	$50K	20x	as long as short