Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.008%

Price spread now: Gate against Vest+0.099%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 Gate

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

The price spread pays, funding is against you. Gate is 0.099% dearer against Vest than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IBM-USD-PERP	231.94	0.0046	pay 0.0006% / 1h	51m 47s	—	—	25x
Short	Gate IBM_USDT	232.17	0	get 0.0000% / 8h	2h 51m	$808K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.099%Rate

Funding earned: −$9.59
Price spread: +0.099% → 0.000%: $9.92
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.68
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	3.02 bp	14.6 bp −$15	201.2 bp −$2,012	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 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
BloFin IBM-USDT	−0.0002%	8h	232.12	+0.078%	$47K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.12	+0.077%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.09	+0.065%	$53K	$234K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.15	+0.089%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.02	+0.034%	$984K	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.09	+0.065%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	232.17	+0.099%	$808K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	231.96	+0.009%	$787K	$322K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.13	+0.082%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.09	+0.063%	$777	$161K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	231.94	0.000%	$976	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.36	+0.181%	$6K	$33K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.06	+0.052%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.95	+0.004%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.318%	—	$57	12x	as long as short
Vest IBM-USD-PERPlong	+0.0046%	1h	231.94	long leg	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.90	−0.017%	$1.8M	$799K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.02	+0.034%	$195K	$35K	20x	as long as short