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 −0.037%
Price spread now: Bitget against Extended+0.001%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$550.555% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.081%−$8 on $10k
Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.001%, 7d avg −0.001%
Together, before fees−0.063%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended IBM-USD232.220get 0.0000% / 1h46m 11s$57K$238K10x
ShortBitget IBMUSDT232.220get 0.0000% / 8h1h 46m$780K$343K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.001% → −0.001%
$0.13
Slippage, 4 orders
−$38.47
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$55.34
Costs to cover
0.555%
Break-even
never at this rate
Slippage from Extended: live order book, 61 min ago; Bitget: live order book, 59 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, 61 min ago1.51 bp15.1 bp −$15168.5 bp −$1,685doesn't fitdoesn't fit
Sell Bitget live order book, 59 min ago3.02 bp13.4 bp −$1380.6 bp −$806doesn'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
BloFin IBM-USDT−0.0011%8h232.29+0.031%$47K$56K20xas long as short
Aster IBMUSDT0.0000%8h232.20−0.006%$13K$127K20xas long as short
Extended IBM-USDlong0.0000%1h232.22long leg$57K$238K10x
Binance IBMUSDT0.0000%8h232.27+0.023%$3.8M$5.5M20xas long as short
Bybit IBMUSDT0.0000%8h232.12−0.042%$1.0M$356K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h232.14−0.034%$1.4M$1.2M20xas long as short
Gate IBM_USDT0.0000%8h232.24+0.009%$752K$1.5M50xas long as short
Bitget IBMUSDTshort0.0000%8h232.22+0.001%$780K$343K20x
Variational Omni IBM0.0000%8h232.31+0.038%$257K$13Kas long as short
GRVT IBM_USDT_Perp0.0000%8h232.29+0.031%$834$164K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX IBM-USDT0.0000%8h232.07−0.064%$1K$472K10xas long as short
HTX IBM-USDT0.0000%8h232.45+0.100%$6K$33K20xas long as short
Lighter IBM+0.0032%1h232.26+0.018%$38K$48K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.422%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h232.04−0.077%25xas long as short
QFEX IBM-USD+0.0049%1h232.17−0.021%$1.2M$2.1M10xas long as short
tradeXYZ xyz:IBM+0.0050%1h232.03−0.081%$1.8M$817K10xas long as short
KuCoin IBMUSDTM+0.0100%8h232.17−0.021%$194K$44K20xas long as short