Funding arb · Price arb /

IBM

RWAall IBM markets

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 0.000%

Price spread now: Bitget against SunX+0.086%7-day average +0.035% · you sell dearer than you buy

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.086%, 7d avg +0.035%

Together, before fees−0.173%−$17 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: Bitget is 0.052% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	231.37	0	get 0.0000% / 8h	5h 05m	$775	$486K	10x
Short	Bitget IBMUSDT	231.57	0	get 0.0000% / 8h	5h 05m	$786K	$342K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.035%: $5.19
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$14.81
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 26 min ago; Bitget: live order book, 55 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, 26 min ago	500.37 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 55 min ago	3.67 bp	12.5 bp −$13	33.4 bp −$334	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
Aster IBMUSDT	0.0000%	8h	231.47	+0.044%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.35	−0.009%	$978K	$349K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.60	+0.099%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.57	+0.086%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDTshort	0.0000%	8h	231.57	+0.086%	$786K	$342K	20x
Variational Omni IBM	0.0000%	8h	231.52	+0.067%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.54	+0.074%	$523	$158K	10x	as long as short
SunX IBM-USDTlong	0.0000%	8h	231.37	long leg	$775	$486K	10x
HTX IBM-USDT	0.0000%	8h	231.75	+0.164%	$5K	$33K	20x	as long as short
Binance IBMUSDT	+0.0028%	8h	231.59	+0.093%	$3.9M	$5.4M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.51	+0.061%	$38K	$43K	10x	as long as short
Extended IBM-USD	+0.0032%	1h	231.52	+0.065%	$54K	$236K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.105%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.48	+0.048%	$1.2M	$2.6M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	+0.013%	—	—	25x	as long as short
BloFin IBM-USDT	+0.0047%	8h	231.55	+0.078%	$667	$52K	20x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.36	−0.004%	$1.9M	$754K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.49	+0.052%	$194K	$34K	20x	as long as short