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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.011%
Price spread now: tradeXYZ against Gate−0.095%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$560.563% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 7 days+0.012%+$1 · spread now −0.095%, 7d avg −0.113%
Together, before fees+0.018%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.113%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate IBM_USDT231.650get 0.0000% / 8h5h 24m$799K$1.4M50x
ShorttradeXYZ xyz:IBM231.430.0050get 0.0006% / 1h24m 33s$1.9M$726K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
$10.5
Price spread: −0.095% → −0.113%
$1.81
Slippage, 4 orders
−$23.26
Fee Gate: 7.5 bp × 2 orders
−$15
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$43.95
Costs to cover
0.563%
Break-even
36.3 days
Slippage from Gate: live order book, 3 min ago; tradeXYZ: live order book, 2 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, 3 min ago4.75 bp14.7 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 2 min ago1.08 bp11.8 bp −$12doesn't fitdoesn'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%8h231.48−0.073%$13K$127K20xas long as short
Bybit IBMUSDT0.0000%8h231.48−0.073%$974K$346K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h231.66+0.004%$1.4M$1.1M20xas long as short
Gate IBM_USDTlong0.0000%8h231.65long leg$799K$1.4M50x
Bitget IBMUSDT0.0000%8h231.60−0.022%$789K$337K20xas long as short
Variational Omni IBM0.0000%8h231.59−0.025%$256K$15Kas long as short
GRVT IBM_USDT_Perp0.0000%8h231.59−0.026%$102$159K10xas long as short
SunX IBM-USDT0.0000%8h231.38−0.117%$775$485K10xas long as short
HTX IBM-USDT0.0000%8h231.86+0.091%$5K$33K20xas long as short
Lighter IBM+0.0032%1h231.51−0.060%$38K$43K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective IBM/USDC PERP+0.0033%1h201.05−13.210%$5712xas long as short
QFEX IBM-USD+0.0035%1h231.45−0.086%$1.2M$2.7M10xas long as short
Vest IBM-USD-PERP+0.0046%1h231.46−0.082%25xas long as short
tradeXYZ xyz:IBMshort+0.0050%1h231.43−0.095%$1.9M$726K10x
Binance IBMUSDT+0.0055%8h231.64−0.004%$3.9M$5.3M20xas long as short
Extended IBM-USD+0.0056%1h231.58−0.029%$54K$240K10xas long as short
BloFin IBM-USDT+0.0082%8h231.71+0.026%$667$52K20xas long as short
KuCoin IBMUSDTM+0.0100%8h231.59−0.026%$193K$34K20xas long as short