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

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%
Price spread now: Extended against OKX−0.011%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$580.583% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.011%, 7d avg −0.007%
Together, before fees+0.068%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX IBM-USDT-SWAP231.460get 0.0000% / 8h4h 35m$1.4M$1.1M20x
ShortExtended IBM-USD231.430get 0.0000% / 1h35m 15s$53K$235K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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: −0.011% → −0.007%
−$0.37
Slippage, 4 orders
−$43.32
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$58.69
Costs to cover
0.583%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Extended: live order book, 22 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, 1 min ago1.51 bp13.5 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 22 min ago2.16 bp15.8 bp −$16170.8 bp −$1,708doesn'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%8h231.37−0.039%$13K$127K20xas long as short
Extended IBM-USDshort0.0000%1h231.43−0.011%$53K$235K10x
Binance IBMUSDT0.0000%8h231.49+0.012%$3.9M$5.4M20xas long as short
Bybit IBMUSDT0.0000%8h231.33−0.056%$980K$348K50xas long as short
OKX IBM-USDT-SWAPlong0.0000%8h231.46long leg$1.4M$1.1M20x
Gate IBM_USDT0.0000%8h231.52+0.026%$805K$1.4M50xas long as short
Bitget IBMUSDT0.0000%8h231.47+0.004%$786K$341K20xas long as short
Variational Omni IBM0.0000%8h231.44−0.007%$256K$15Kas long as short
GRVT IBM_USDT_Perp0.0000%8h231.47+0.006%$486$159K10xas long as short
SunX IBM-USDT0.0000%8h231.40−0.026%$956$482K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IBM-USDT0.0000%8h231.61+0.065%$5K$34K20xas long as short
BloFin IBM-USDT+0.0004%8h231.50+0.017%$47K$51K20xas long as short
QFEX IBM-USD+0.0026%1h231.38−0.035%$1.2M$2.5M10xas long as short
Lighter IBM+0.0032%1h231.37−0.039%$38K$43K10xas long as short
tradeXYZ xyz:IBM+0.0033%1h231.26−0.086%$1.9M$756K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.138%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h231.34−0.052%25xas long as short
KuCoin IBMUSDTM+0.0100%8h231.43−0.013%$194K$34K20xas long as short