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 +0.001%

Price spread now: Variational Omni against Gate−0.027%7-day average +0.001% · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.027%, 7d avg +0.001%

Together, before fees+0.047%+ Points / potential airdropVariational Omni: Active · farm board+$5 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: Variational Omni is 0.028% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IBM_USDT	231.96	0	get 0.0000% / 8h	3h 10m	$803K	$1.4M	50x
Short	Variational Omni IBM	231.90	0	get 0.0000% / 8h	3h 10m	$257K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.001%: −$2.84
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.84
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Variational Omni: RFQ quote, 44 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 Gate live order book, 2 min ago	3.45 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 44 min ago	2.79 bp	doesn't fit	33.4 bp −$334	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
BloFin IBM-USDT	−0.0008%	8h	231.91	−0.022%	$47K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.01	+0.021%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.95	−0.006%	$53K	$237K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.01	+0.022%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.88	−0.034%	$984K	$340K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.90	−0.026%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTlong	0.0000%	8h	231.96	long leg	$803K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	231.69	−0.116%	$786K	$328K	20x	as long as short
Variational Omni IBMshort	0.0000%	8h	231.90	−0.027%	$257K	$14K	—
GRVT IBM_USDT_Perp	0.0000%	8h	231.86	−0.045%	$79	$162K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	231.72	−0.103%	$936	$477K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.19	+0.099%	$6K	$34K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.90	−0.026%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.87	−0.039%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.326%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.72	−0.103%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.70	−0.112%	$1.9M	$778K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.90	−0.026%	$195K	$35K	20x	as long as short