Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.069%

Price spread now: Vest against GRVT−0.088%7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.088% cheaper against GRVT than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT IBM_USDT_Perp	231.56	0	get 0.0000% / 8h	3h 48m	$933	$160K	10x
Short	Vest IBM-USD-PERP	231.36	0.0046	get 0.0006% / 1h	48m 50s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against GRVT. 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 GRVTbpFee VestbpOrdersPrice spread, now −0.088%Rate

Funding earned: $9.59
Price spread: −0.088% → 0.000%: −$8.8
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$10.21
Costs to cover: 0.110%
Break-even: 14.4 days

Slippage unknown: GRVT: live order book, 64 min ago; 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 GRVT live order book, 64 min ago	1.73 bp	11.5 bp −$12	33.0 bp −$330	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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
BloFin IBM-USDT	−0.0009%	8h	231.52	−0.019%	$46K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.41	−0.065%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.51	−0.022%	$54K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.58	+0.005%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.42	−0.062%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.64	+0.033%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.55	−0.006%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.55	−0.006%	$786K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.55	−0.004%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perplong	0.0000%	8h	231.56	long leg	$933	$160K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	231.48	−0.036%	$1K	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.83	+0.115%	$6K	$34K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.49	−0.032%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.42	−0.062%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.177%	—	$57	12x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	231.36	−0.088%	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.28	−0.123%	$1.9M	$763K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.60	+0.016%	$195K	$34K	20x	as long as short