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 0.000%
Price spread now: Bybit against OKX−0.039%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$520.519% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.039%, 7d avg −0.044%
Together, before fees−0.006%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX IBM-USDT-SWAP232.020get 0.0000% / 8h2h 47m$1.4M$1.2M20x
ShortBybit IBMUSDT231.930get 0.0000% / 8h2h 47m$984K$337K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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: −0.039% → −0.044%
$0.52
Slippage, 4 orders
−$30.92
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$51.4
Costs to cover
0.519%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 62 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 OKX live order book, 4 min ago0.65 bp14.7 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 62 min ago3.03 bp11.1 bp −$1173.3 bp −$733doesn'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−0.0021%8h232.16+0.060%$47K$52K20xas long as short
Aster IBMUSDT0.0000%8h232.00−0.007%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h231.99−0.013%$57K$239K10xas long as short
Binance IBMUSDT0.0000%8h232.020.000%$3.8M$5.4M20xas long as short
Bybit IBMUSDTshort0.0000%8h231.93−0.039%$984K$337K50x
OKX IBM-USDT-SWAPlong0.0000%8h232.02long leg$1.4M$1.2M20x
Gate IBM_USDT0.0000%8h232.04+0.009%$807K$1.4M50xas long as short
Bitget IBMUSDT0.0000%8h231.96−0.026%$787K$322K20xas long as short
Variational Omni IBM0.0000%8h232.11+0.039%$257K$13Kas long as short
GRVT IBM_USDT_Perp0.0000%8h232.08+0.026%$777$161K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX IBM-USDT0.0000%8h231.93−0.039%$1K$476K10xas long as short
HTX IBM-USDT0.0000%8h232.39+0.159%$6K$33K20xas long as short
QFEX IBM-USD+0.0030%1h232.00−0.009%$1.2M$2.2M10xas long as short
Lighter IBM+0.0032%1h231.87−0.065%$38K$43K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.348%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.82−0.086%25xas long as short
tradeXYZ xyz:IBM+0.0050%1h231.66−0.155%$1.8M$803K10xas long as short
KuCoin IBMUSDTM+0.0100%8h231.96−0.026%$194K$36K20xas long as short