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 +0.048%

Price spread now: Binance against SunX+0.045%7-day average +0.078% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.045%, 7d avg +0.078%

Together, before fees+0.195%+$19 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: Binance is 0.033% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	232.07	0	get 0.0000% / 8h	1h 23m	$717	$475K	10x
Short	Binance IBMUSDT	232.17	0	get 0.0000% / 8h	1h 23m	$3.8M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.078%: −$3.3
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.3
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 37 min ago; Binance: live order book, 14 min ago. Net counts fees only.

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 SunX live order book, 37 min ago	500.27 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.22 bp	13.4 bp −$13	40.3 bp −$403	152.7 bp −$15.3K	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	−0.0025%	8h	232.32	+0.108%	$47K	$56K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.07	+0.001%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.12	+0.021%	$57K	$233K	10x	as long as short
Binance IBMUSDTshort	0.0000%	8h	232.17	+0.045%	$3.8M	$5.5M	20x
Bybit IBMUSDT	0.0000%	8h	232.07	0.000%	$1.0M	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.20	+0.056%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.20	+0.056%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.18	+0.047%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.25	+0.079%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.26	+0.081%	$799	$165K	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-USDTlong	0.0000%	8h	232.07	long leg	$717	$475K	10x
HTX IBM-USDT	0.0000%	8h	232.40	+0.142%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.29	+0.095%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.367%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.07	0.000%	—	—	25x	as long as short
QFEX IBM-USD	+0.0049%	1h	232.12	+0.022%	$1.2M	$2.1M	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.90	−0.073%	$1.8M	$799K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.18	+0.047%	$195K	$46K	20x	as long as short