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 SunX+0.086%7-day average +0.060% · you sell dearer than you buy

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.086%, 7d avg +0.060%

Together, before fees+0.128%+$13 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 0.027% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	231.97	0	get 0.0000% / 8h	51m 49s	$1K	$471K	10x
Short	Gate IBM_USDT	232.17	0	get 0.0000% / 8h	51m 49s	$750K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.060%: $2.66
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.34
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 69 min ago; Gate: live order book, just now. 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, 69 min ago	500.27 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, just now	4.52 bp	19.7 bp −$20	216.3 bp −$2,163	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	232.28	+0.134%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.10	+0.055%	$53K	$319K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.16	+0.082%	$3.8M	$5.6M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.02	+0.022%	$1.0M	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.08	+0.047%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	232.17	+0.086%	$750K	$1.5M	50x
Bitget IBMUSDT	0.0000%	8h	232.23	+0.112%	$780K	$350K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.12	+0.066%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.19	+0.095%	$910	$167K	10x	as long as short
SunX IBM-USDTlong	0.0000%	8h	231.97	long leg	$1K	$471K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.12	+0.065%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0024%	8h	232.15	+0.078%	$47K	$59K	20x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.329%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.08	+0.047%	$1.2M	$2.0M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.95	−0.009%	—	—	25x	as long as short
Lighter IBM	+0.0048%	1h	232.26	+0.125%	$38K	$49K	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.89	−0.034%	$1.8M	$797K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.12	+0.065%	$195K	$48K	20x	as long as short