Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Bitget against Vest+0.052%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Bitget is 0.052% dearer against Vest than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IBM-USD-PERP	233.00	0.0046	pay 0.0006% / 1h	50m 17s	—	—	25x
Short	Bitget IBMUSDT	233.12	0	get 0.0000% / 8h	4h 50m	$781K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$9.59
Price spread: +0.052% → 0.000%: $5.15
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.44
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bitget: live order book, 53 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 Bitget live order book, 53 min ago	2.36 bp	22.0 bp −$22	77.1 bp −$771	doesn't fit	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 exchanges

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	232.84	−0.069%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.95	−0.021%	$999K	$311K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	233.01	+0.004%	$1.4M	$1.0M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	233.26	+0.112%	$745K	$1.3M	50x	as long as short
Bitget IBMUSDTshort	0.0000%	8h	233.12	+0.052%	$781K	$279K	20x
Variational Omni IBM	0.0000%	8h	233.13	+0.055%	$258K	$14K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.69	−0.133%	$607	$377K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	233.02	+0.009%	$7K	$34K	20x	as long as short
QFEX IBM-USD	+0.0014%	1h	233.06	+0.026%	$1.2M	$2.0M	10x	as long as short
Lighter IBM	+0.0032%	1h	233.02	+0.009%	$37K	$44K	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.712%	—	$57	12x	as long as short
Vest IBM-USD-PERPlong	+0.0046%	1h	233.00	long leg	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	232.82	−0.077%	$1.8M	$787K	10x	as long as short
BloFin IBM-USDT	+0.0055%	8h	233.20	+0.086%	$48K	$64K	20x	as long as short
Extended IBM-USD	+0.0072%	1h	233.12	+0.052%	$53K	$307K	10x	as long as short
Binance IBMUSDT	+0.0078%	8h	233.18	+0.078%	$3.8M	$4.7M	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.94	−0.026%	$195K	$259K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0657%	8h	232.85	−0.064%	$2	$151K	10x	as long as short