Settings8H · net · $10k
Funding arb · Price arb /

IBM

RWAall IBM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%
Price spread now: tradeXYZ against SunX−0.047%7-day average −0.044% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.113%+$11 on $10k
Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.047%, 7d avg −0.044%
Together, before fees+0.121%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX IBM-USDT232.070get 0.0000% / 8h1h 24m$717$475K10x
ShorttradeXYZ xyz:IBM231.960.0050get 0.0006% / 1h24m 07s$1.8M$799K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$10.5
Price spread: −0.047% → −0.044%
−$0.35
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$15.85
Costs to cover
0.260%
Break-even
17.6 days
Slippage unknown: SunX: live order book, 37 min ago; tradeXYZ: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 37 min ago500.27 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 4 min ago1.72 bp11.7 bp −$1221.6 bp −$216doesn't fitdoesn't fit

IBM on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin IBM-USDT−0.0025%8h232.32+0.108%$47K$56K20xas long as short
Aster IBMUSDT0.0000%8h232.09+0.008%$13K$127K20xas long as short
Extended IBM-USD0.0000%1h232.17+0.045%$57K$233K10xas long as short
Binance IBMUSDT0.0000%8h232.20+0.057%$3.8M$5.5M20xas long as short
Bybit IBMUSDT0.0000%8h232.12+0.022%$1.0M$354K50xas long as short
OKX IBM-USDT-SWAP0.0000%8h232.20+0.056%$1.4M$1.2M20xas long as short
Gate IBM_USDT0.0000%8h232.20+0.056%$752K$1.5M50xas long as short
Bitget IBMUSDT0.0000%8h232.18+0.047%$780K$343K20xas long as short
Variational Omni IBM0.0000%8h232.25+0.079%$257K$14Kas long as short
GRVT IBM_USDT_Perp0.0000%8h232.26+0.081%$799$165K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX IBM-USDTlong0.0000%8h232.07long leg$717$475K10x
HTX IBM-USDT0.0000%8h232.40+0.142%$6K$33K20xas long as short
Lighter IBM+0.0032%1h232.29+0.095%$38K$49K10xas long as short
Injective IBM/USDC PERP+0.0033%1h201.05−13.367%$5712xas long as short
Vest IBM-USD-PERP+0.0046%1h232.070.000%25xas long as short
QFEX IBM-USD+0.0049%1h232.12+0.022%$1.2M$2.1M10xas long as short
tradeXYZ xyz:IBMshort+0.0050%1h231.96−0.047%$1.8M$799K10x
KuCoin IBMUSDTM+0.0100%8h232.21+0.060%$195K$46K20xas long as short