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 +0.006%
Price spread now: Gate against Bybit+0.047%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$600.598% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.106%+$11 on $10k
Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.047%, 7d avg +0.061%
Together, before fees+0.173%+$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IBMUSDT232.130get 0.0000% / 8h1h 27m$1.0M$354K50x
ShortGate IBM_USDT232.240get 0.0000% / 8h1h 27m$752K$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.047% → +0.061%
−$1.35
Slippage, 4 orders
−$33.82
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$61.18
Costs to cover
0.598%
Break-even
never at this rate
Slippage from Bybit: live order book, 8 min ago; Gate: live order book, 5 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, 8 min ago4.95 bp15.6 bp −$1689.2 bp −$892doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago3.01 bp16.0 bp −$16218.1 bp −$2,181doesn'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%8h232.06−0.030%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h232.23+0.042%$57K$233K10xas long as short
Binance IBMUSDT0.0000%8h232.28+0.064%$3.8M$5.5M20xas long as short
Bybit IBMUSDTlong0.0000%8h232.13long leg$1.0M$354K50x
OKX IBM-USDT-SWAP0.0000%8h232.25+0.052%$1.4M$1.2M20xas long as short
Gate IBM_USDTshort0.0000%8h232.24+0.047%$752K$1.5M50x
Bitget IBMUSDT0.0000%8h232.24+0.047%$780K$343K20xas long as short
Variational Omni IBM0.0000%8h232.20+0.030%$257K$14Kas long as short
GRVT IBM_USDT_Perp0.0000%8h232.29+0.069%$44$165K10xas long as short
SunX IBM-USDT0.0000%8h232.05−0.034%$587$474K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IBM-USDT0.0000%8h232.03−0.043%$6K$33K20xas long as short
BloFin IBM-USDT+0.0007%8h232.29+0.069%$47K$56K20xas long as short
Lighter IBM+0.0032%1h232.39+0.112%$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%1h232.09−0.017%25xas long as short
QFEX IBM-USD+0.0049%1h232.20+0.030%$1.2M$2.1M10xas long as short
tradeXYZ xyz:IBM+0.0050%1h232.00−0.056%$1.8M$820K10xas long as short
KuCoin IBMUSDTM+0.0100%8h232.16+0.013%$195K$46K20xas long as short