Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.031%

Price spread now: Binance against tradeXYZ+0.069%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 2 days (all we have)+0.096%+$10 · spread now +0.069%, 7d avg +0.096%

Together, before fees+0.115%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.027% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.096%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.019% in total) that is about 9.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:IBM	231.29	0.0050	pay 0.0006% / 1h	59m 03s	$1.9M	$721K	10x
Short	Binance IBMUSDT	231.45	0.0139	get 0.0139% / 8h	6h 59m	$3.9M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.069%Rate

Funding earned: $18.66
Price spread: +0.069% → +0.096%: −$2.73
Slippage, 4 orders: −$22.87
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.93
Costs to cover: 0.509%
Break-even: 20.1 days

Slippage from tradeXYZ: live order book, 9 min ago; Binance: live order book, 9 min ago.

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 tradeXYZ live order book, 9 min ago	1.51 bp	14.6 bp −$15	23.0 bp −$230	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.43 bp	13.1 bp −$13	44.8 bp −$448	151.8 bp −$15.2K	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	231.34	+0.020%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.26	−0.013%	$973K	$350K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.33	+0.017%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.46	+0.074%	$800K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.50	+0.091%	$792K	$344K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.45	+0.068%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.52	+0.099%	$405	$160K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.30	+0.004%	$1K	$489K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.39	+0.043%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0025%	1h	231.42	+0.056%	$1.2M	$3.2M	10x	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	231.38	+0.039%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.074%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	+0.048%	—	—	25x	as long as short
tradeXYZ xyz:IBMlong	+0.0050%	1h	231.29	long leg	$1.9M	$721K	10x
KuCoin IBMUSDTM	+0.0100%	8h	231.36	+0.030%	$194K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0113%	8h	231.35	+0.026%	$46K	$52K	20x	as long as short
Extended IBM-USD	+0.0136%	1h	231.38	+0.041%	$53K	$234K	10x	as long as short
Binance IBMUSDTshort	+0.0139%	8h	231.45	+0.069%	$3.9M	$5.3M	20x