Funding arb · Price arb /

IBM

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Swap Backtest

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: Gate against OKX0.000%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$620.622% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days+0.022%+$2 · spread now 0.000%, 7d avg +0.031%

Together, before fees+0.124%+$12 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: Gate is 0.031% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IBM-USDT-SWAP	232.20	0	get 0.0000% / 8h	4m 32s	$1.4M	$1.2M	20x
Short	Gate IBM_USDT	232.20	0	get 0.0000% / 8h	4m 32s	$743K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.031%: −$3.14
Slippage, 4 orders: −$37.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.37
Costs to cover: 0.622%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 3 min ago.

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 OKX live order book, 2 min ago	2.15 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.15 bp	19.4 bp −$19	211.0 bp −$2,110	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
BloFin IBM-USDT	−0.0006%	8h	232.19	−0.004%	$47K	$59K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.04	−0.068%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.13	−0.031%	$53K	$311K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.19	−0.004%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.00	−0.086%	$1.0M	$349K	50x	as long as short
OKX IBM-USDT-SWAPlong	0.0000%	8h	232.20	long leg	$1.4M	$1.2M	20x
Gate IBM_USDTshort	0.0000%	8h	232.20	0.000%	$743K	$1.5M	50x
Bitget IBMUSDT	0.0000%	8h	232.17	−0.013%	$780K	$346K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.15	−0.020%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.20	+0.002%	$93	$168K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	232.03	−0.073%	$928	$471K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.53	+0.142%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.32	+0.052%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.415%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.07	−0.056%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.97	−0.099%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.93	−0.116%	$1.8M	$800K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.07	−0.056%	$194K	$55K	20x	as long as short