Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%

Price spread now: SunX against Extended+0.015%7-day average −0.037% · you sell dearer than you buy

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

Long on Extended Short on SunX

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)+0.150%+$15 · spread now +0.015%, 7d avg −0.037%

Together, before fees+0.069%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.052% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	232.13	0	get 0.0000% / 1h	36m 33s	$57K	$315K	10x
Short	SunX IBM-USDT	232.16	0	get 0.0000% / 8h	7h 36m	$989	$456K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee ExtendedbpFee SunXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.037%: $5.2
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$7.8
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 61 min ago; SunX: live order book, 5 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 Extended live order book, 61 min ago	1.94 bp	15.8 bp −$16	166.3 bp −$1,663	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
Aster IBMUSDT	0.0000%	8h	232.29	+0.071%	$13K	$127K	20x	as long as short
Extended IBM-USDlong	0.0000%	1h	232.13	long leg	$57K	$315K	10x
Binance IBMUSDT	0.0000%	8h	232.19	+0.026%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.09	−0.016%	$1.0M	$336K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.24	+0.049%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.23	+0.045%	$742K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.20	+0.032%	$780K	$322K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.26	+0.056%	$256K	$13K	—	as long as short
SunX IBM-USDTshort	0.0000%	8h	232.16	+0.015%	$989	$456K	10x
HTX IBM-USDT	0.0000%	8h	232.57	+0.191%	$6K	$33K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IBM-USDT	+0.0013%	8h	232.22	+0.040%	$47K	$60K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.22	+0.040%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.388%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0036%	1h	232.08	−0.020%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.06	−0.028%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.10	−0.011%	$1.8M	$803K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.21	+0.036%	$195K	$79K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0115%	8h	232.28	+0.065%	$376	$166K	10x	as long as short