Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.032%

Price spread now: Vest against KuCoin−0.069%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 −$2 a day on $10k at the current rate, and Vest is 0.069% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IBMUSDTM	231.60	0.0100	pay 0.0100% / 8h	7h 24m	$195K	$33K	20x
Short	Vest IBM-USD-PERP	231.44	0.0046	get 0.0006% / 1h	24m 04s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against KuCoin. 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 KuCoinbpFee VestbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$11.41
Price spread: −0.069% → 0.000%: −$6.91
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$32.32
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 20 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 KuCoin live order book, 20 min ago	6.05 bp	628.2 bp −$628	doesn't fit	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
Aster IBMUSDT	0.0000%	8h	231.45	−0.063%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.46	−0.060%	$977K	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.68	+0.035%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.60	0.000%	$802K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.62	+0.009%	$793K	$356K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.64	+0.018%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.54	−0.026%	$905	$497K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.07	+0.203%	$5K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0015%	8h	231.67	+0.029%	$320	$164K	10x	as long as short
QFEX IBM-USD	+0.0025%	1h	231.54	−0.026%	$1.2M	$3.3M	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	231.35	−0.108%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.191%	—	$57	12x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	231.44	−0.069%	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.39	−0.091%	$1.9M	$727K	10x	as long as short
KuCoin IBMUSDTMlong	+0.0100%	8h	231.60	long leg	$195K	$33K	20x
Binance IBMUSDT	+0.0174%	8h	231.63	+0.011%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0176%	1h	231.57	−0.011%	$53K	$280K	10x	as long as short
BloFin IBM-USDT	+0.0192%	8h	231.61	+0.004%	$662	$52K	20x	as long as short