Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0175%/8h= +19.2% APRpaid last 24h +0.012%

Price spread now: Binance against Vest+0.072%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Binance

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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.072% dearer against Vest than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IBM-USD-PERP	231.42	0.0046	pay 0.0006% / 1h	53m 50s	—	—	25x
Short	Binance IBMUSDT	231.59	0.0221	get 0.0221% / 8h	7h 53m	$3.9M	$5.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now +0.072%Rate

Funding earned: $36.76
Price spread: +0.072% → 0.000%: $7.23
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: $31.99
Costs to cover: 0.120%
Break-even: 0.9 days

Slippage unknown: Vest: no order-book sample; Binance: live order book, 14 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.43 bp	12.7 bp −$13	45.7 bp −$457	151.1 bp −$15.1K	doesn't fit

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	231.91	+0.211%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.48	+0.026%	$977K	$358K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.69	+0.117%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.57	+0.065%	$797K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.61	+0.082%	$793K	$372K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.65	+0.101%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.38	−0.017%	$1K	$524K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.90	+0.207%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0025%	1h	231.54	+0.052%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.50	+0.035%	$38K	$43K	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	−13.123%	—	$57	12x	as long as short
Vest IBM-USD-PERPlong	+0.0046%	1h	231.42	long leg	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.46	+0.017%	$1.9M	$821K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.57	+0.065%	$195K	$33K	20x	as long as short
Binance IBMUSDTshort	+0.0221%	8h	231.59	+0.072%	$3.9M	$5.6M	20x
Extended IBM-USD	+0.0224%	1h	231.56	+0.061%	$54K	$200K	10x	as long as short
BloFin IBM-USDT	+0.0228%	8h	231.62	+0.086%	$46K	$52K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0794%	8h	231.65	+0.098%	$584	$168K	10x	as long as short