Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h −0.015%

Price spread now: Vest against BloFin−0.065%105s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.065% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 105 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	BloFin IBM-USDT	231.55	0.0201	pay 0.0201% / 8h	17m 24s	$46K	$52K	20x
Short	Vest IBM-USD-PERP	231.40	0.0046	get 0.0006% / 1h	17m 24s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against BloFin. 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 BloFinbpFee VestbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$32.62
Price spread: −0.065% → 0.000%: −$6.48
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$53.1
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Vest: no order-book sample. 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 BloFin no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

BloFin and Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	231.84	+0.126%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.42	−0.056%	$976K	$376K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.50	−0.022%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.52	−0.013%	$797K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.52	−0.013%	$798K	$403K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.57	+0.008%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.34	−0.091%	$1K	$535K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.89	+0.147%	$5K	$33K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.53	−0.009%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.55	0.000%	$38K	$47K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.172%	—	$57	12x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	231.40	−0.065%	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.073%	$2.0M	$814K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.44	−0.048%	$194K	$34K	20x	as long as short
Binance IBMUSDT	+0.0184%	8h	231.59	+0.017%	$3.9M	$5.8M	20x	as long as short
Extended IBM-USD	+0.0184%	1h	231.55	−0.002%	$54K	$202K	10x	as long as short
BloFin IBM-USDTlong	+0.0201%	8h	231.55	long leg	$46K	$52K	20x
GRVT IBM_USDT_Perp	+0.0427%	8h	231.54	−0.004%	$621	$170K	10x	as long as short