Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against HTX−0.241%7-day average — · you buy dearer than you sell

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

Long on HTX 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

Funding pays, the price is against you. Vest is 0.241% cheaper against HTX than usual: you would sell low and buy high (spread −0.241% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 18 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	HTX IBM-USDT	231.96	0	get 0.0000% / 8h	21m 35s	$5K	$33K	20x
Short	Vest IBM-USD-PERP	231.40	0.0046	get 0.0006% / 1h	21m 35s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against HTX. 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 HTXbpFee VestbpOrdersPrice spread, now −0.241%Rate

Funding earned: $9.59
Price spread: −0.241% → 0.000%: −$24.14
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$28.55
Costs to cover: 0.140%
Break-even: 27.8 days

Slippage unknown: HTX: 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 HTX no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

HTX 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	231.93	−0.013%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.40	−0.241%	$976K	$376K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.58	−0.164%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.54	−0.181%	$797K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.52	−0.190%	$798K	$404K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.55	−0.175%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.30	−0.285%	$932	$535K	10x	as long as short
HTX IBM-USDTlong	0.0000%	8h	231.96	long leg	$5K	$33K	20x
QFEX IBM-USD	+0.0031%	1h	231.51	−0.194%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.54	−0.181%	$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	−13.326%	—	$57	12x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	231.40	−0.241%	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.250%	$2.0M	$808K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.40	−0.241%	$194K	$34K	20x	as long as short
Extended IBM-USD	+0.0168%	1h	231.55	−0.178%	$54K	$202K	10x	as long as short
Binance IBMUSDT	+0.0171%	8h	231.59	−0.160%	$3.9M	$5.8M	20x	as long as short
BloFin IBM-USDT	+0.0180%	8h	231.67	−0.125%	$46K	$52K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0405%	8h	231.53	−0.186%	$702	$170K	10x	as long as short