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

IBM

RWAall IBM markets
SwapBacktest
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 +0.048%
Price spread now: Binance against Bybit+0.068%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$480.480% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.132%+$13 on $10k
Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.068%, 7d avg +0.074%
Together, before fees+0.271%+$27 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IBMUSDT232.130get 0.0000% / 8h1h 17m$1.0M$355K50x
ShortBinance IBMUSDT232.290get 0.0000% / 8h1h 17m$3.8M$5.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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
Price spread: +0.068% → +0.074%
−$0.59
Slippage, 4 orders
−$26.99
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$48.58
Costs to cover
0.480%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 6 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 Bybit live order book, 3 min ago3.23 bp12.4 bp −$1286.6 bp −$866doesn't fitdoesn't fit
Sell Binance live order book, 6 min ago1.29 bp9.8 bp −$1036.3 bp −$363141.4 bp −$14.1Kdoesn'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%8h232.25+0.050%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h232.22+0.040%$57K$233K10xas long as short
Binance IBMUSDTshort0.0000%8h232.29+0.068%$3.8M$5.5M20x
Bybit IBMUSDTlong0.0000%8h232.13long leg$1.0M$355K50x
OKX IBM-USDT-SWAP0.0000%8h232.22+0.039%$1.4M$1.2M20xas long as short
Gate IBM_USDT0.0000%8h232.29+0.069%$752K$1.5M50xas long as short
Bitget IBMUSDT0.0000%8h232.24+0.047%$780K$343K20xas long as short
Variational Omni IBM0.0000%8h232.25+0.051%$257K$14Kas long as short
GRVT IBM_USDT_Perp0.0000%8h232.27+0.060%$780$165K10xas long as short
SunX IBM-USDT0.0000%8h232.06−0.030%$761$474K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IBM-USDT0.0000%8h232.41+0.121%$6K$33K20xas long as short
BloFin IBM-USDT+0.0001%8h232.30+0.073%$47K$55K20xas long as short
Lighter IBM+0.0032%1h232.29+0.069%$38K$49K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.389%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h232.05−0.034%25xas long as short
QFEX IBM-USD+0.0049%1h232.19+0.026%$1.2M$2.1M10xas long as short
tradeXYZ xyz:IBM+0.0050%1h232.01−0.052%$1.8M$800K10xas long as short
KuCoin IBMUSDTM+0.0100%8h232.22+0.039%$195K$46K20xas long as short