Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Variational Omni against SunX+0.098%7-day average +0.055% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now +0.098%, 7d avg +0.055%

Together, before fees+0.095%+ Points / potential airdropVariational Omni: Active · farm board+$10 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 0.043% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	230.99	0	get 0.0000% / 8h	2h 24m	$1K	$535K	10x
Short	Variational Omni IBM	231.22	0	get 0.0000% / 8h	2h 24m	$256K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.055%: $4.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.71
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 56 min ago; Variational Omni: RFQ quote, 64 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 SunX live order book, 56 min ago	500.31 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 64 min ago	3.24 bp	doesn't fit	87.1 bp −$871	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
tradeXYZ xyz:IBM	−0.0067%	1h	231.15	+0.069%	$2.0M	$811K	10x	as long as short
BloFin IBM-USDT	−0.0029%	8h	231.25	+0.113%	$46K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.01	+0.007%	$13K	$126K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.23	+0.103%	$54K	$202K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.24	+0.110%	$3.9M	$5.8M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.07	+0.035%	$975K	$379K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.25	+0.113%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.19	+0.087%	$806K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.28	+0.126%	$821K	$387K	20x	as long as short
Variational Omni IBMshort	0.0000%	8h	231.22	+0.098%	$256K	$15K	—

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDTlong	0.0000%	8h	230.99	long leg	$1K	$535K	10x
HTX IBM-USDT	0.0000%	8h	231.50	+0.221%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0018%	1h	231.24	+0.108%	$1.2M	$3.1M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.18	+0.082%	$38K	$50K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−12.962%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.24	+0.108%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.10	+0.048%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0123%	8h	231.27	+0.121%	$807	$176K	10x	as long as short