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: Bybit against Gate−0.043%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$540.537% 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)−0.070%−$7 · spread now −0.043%, 7d avg −0.062%
Together, before fees−0.176%−$18 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate IBM_USDT231.570get 0.0000% / 8h5h 53m$799K$1.4M50x
ShortBybit IBMUSDT231.470get 0.0000% / 8h5h 53m$974K$346K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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: −0.043% → −0.062%
$1.86
Slippage, 4 orders
−$27.71
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$51.85
Costs to cover
0.537%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 7 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 Gate live order book, 4 min ago3.24 bp14.1 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 7 min ago2.59 bp11.7 bp −$1282.3 bp −$823doesn't fitdoesn't fit

IBM on 17 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%8h231.44−0.056%$13K$127K20xas long as short
Bybit IBMUSDTshort0.0000%8h231.47−0.043%$974K$346K50x
OKX IBM-USDT-SWAP0.0000%8h231.58+0.004%$1.4M$1.1M20xas long as short
Gate IBM_USDTlong0.0000%8h231.57long leg$799K$1.4M50x
Bitget IBMUSDT0.0000%8h231.60+0.013%$789K$337K20xas long as short
Variational Omni IBM0.0000%8h231.61+0.016%$256K$15Kas long as short
SunX IBM-USDT0.0000%8h231.27−0.130%$934$486K10xas long as short
HTX IBM-USDT0.0000%8h231.98+0.177%$5K$33K20xas long as short
Lighter IBM+0.0032%1h231.52−0.022%$38K$43K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.180%$5712xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX IBM-USD+0.0035%1h231.48−0.039%$1.2M$2.8M10xas long as short
Vest IBM-USD-PERP+0.0046%1h231.42−0.065%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.39−0.078%$1.9M$725K10xas long as short
GRVT IBM_USDT_Perp+0.0087%8h231.59+0.007%$192$158K10xas long as short
Binance IBMUSDT+0.0095%8h231.64+0.030%$3.9M$5.3M20xas long as short
Extended IBM-USD+0.0096%1h231.570.000%$53K$235K10xas long as short
KuCoin IBMUSDTM+0.0100%8h231.61+0.017%$194K$33K20xas long as short