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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: Binance against Extended+0.025%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$480.481% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.025%, 7d avg +0.037%
Together, before fees+0.191%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended IBM-USD232.230get 0.0000% / 1h18m 17s$57K$233K10x
ShortBinance IBMUSDT232.290get 0.0000% / 8h1h 18m$3.8M$5.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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: +0.025% → +0.037%
−$1.28
Slippage, 4 orders
−$33.1
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$49.38
Costs to cover
0.481%
Break-even
never at this rate
Slippage from Extended: live order book, 24 min ago; Binance: 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 Extended live order book, 24 min ago1.08 bp14.6 bp −$15157.3 bp −$1,573doesn't fitdoesn't fit
Sell Binance live order book, 5 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%8h232.22−0.002%$13K$127K20xas long as short
Extended IBM-USDlong0.0000%1h232.23long leg$57K$233K10x
Binance IBMUSDTshort0.0000%8h232.29+0.025%$3.8M$5.5M20x
Bybit IBMUSDT0.0000%8h232.12−0.047%$1.0M$355K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h232.22−0.004%$1.4M$1.2M20xas long as short
Gate IBM_USDT0.0000%8h232.28+0.022%$752K$1.5M50xas long as short
Bitget IBMUSDT0.0000%8h232.24+0.005%$780K$343K20xas long as short
Variational Omni IBM0.0000%8h232.25+0.009%$257K$14Kas long as short
GRVT IBM_USDT_Perp0.0000%8h232.23−0.001%$799$165K10xas long as short
SunX IBM-USDT0.0000%8h232.07−0.068%$717$474K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IBM-USDT0.0000%8h232.41+0.078%$6K$33K20xas long as short
BloFin IBM-USDT+0.0001%8h232.30+0.031%$47K$55K20xas long as short
Lighter IBM+0.0032%1h232.29+0.027%$38K$49K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.426%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h232.05−0.077%25xas long as short
QFEX IBM-USD+0.0049%1h232.20−0.012%$1.2M$2.1M10xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.91−0.137%$1.8M$800K10xas long as short
KuCoin IBMUSDTM+0.0100%8h232.21−0.008%$195K$46K20xas long as short