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: OKX against SunX+0.069%47s7-day average +0.045% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.069%, 7d avg +0.045%

Together, before fees−0.057%−$6 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: OKX is 0.024% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	231.47	0	get 0.0000% / 8h	3h 42m	$880	$476K	10x
Short	OKX IBM-USDT-SWAP	231.63	0	get 0.0000% / 8h	3h 42m	$1.4M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.045%: $2.4
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$15.6
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 38 min ago; OKX: live order book, 4 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, 38 min ago	500.12 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.65 bp	19.3 bp −$19	196.7 bp −$1,967	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	231.42	−0.022%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.56	+0.037%	$53K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.62	+0.065%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.49	+0.009%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAPshort	0.0000%	8h	231.63	+0.069%	$1.4M	$1.1M	20x
Gate IBM_USDT	0.0000%	8h	231.60	+0.056%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.61	+0.060%	$786K	$335K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.60	+0.058%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.61	+0.060%	$320	$160K	10x	as long as short
SunX IBM-USDTlong	0.0000%	8h	231.47	long leg	$880	$476K	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	231.64	+0.073%	$6K	$34K	20x	as long as short
BloFin IBM-USDT	+0.0007%	8h	231.66	+0.082%	$47K	$51K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.53	+0.026%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.44	−0.013%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.142%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.030%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.36	−0.048%	$1.9M	$763K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.60	+0.056%	$195K	$34K	20x	as long as short