Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: HTX against Vest+0.237%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 HTX

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. HTX is 0.237% dearer against Vest than usual: you sell high and buy low (spread +0.237% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IBM-USD-PERP	231.83	0.0046	pay 0.0006% / 1h	25m 38s	—	—	25x
Short	HTX IBM-USDT	232.38	0	get 0.0000% / 8h	2h 25m	$6K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.237%Rate

Funding earned: −$9.59
Price spread: +0.237% → 0.000%: $23.72
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee HTX: 6 bp × 2 orders: −$12
Net: $0.13
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; HTX: 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 Vest no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Vest and HTX: 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	−0.0013%	8h	232.19	+0.155%	$46K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.11	+0.121%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.05	+0.093%	$57K	$234K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.13	+0.129%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.96	+0.056%	$983K	$340K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.02	+0.082%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.10	+0.116%	$804K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.10	+0.116%	$789K	$325K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.06	+0.100%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.16	+0.142%	$77	$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	232.01	+0.078%	$851	$476K	10x	as long as short
HTX IBM-USDTshort	0.0000%	8h	232.38	+0.237%	$6K	$33K	20x
QFEX IBM-USD	+0.0030%	1h	232.05	+0.095%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.05	+0.095%	$38K	$44K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.277%	—	$57	12x	as long as short
Vest IBM-USD-PERPlong	+0.0046%	1h	231.83	long leg	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.73	−0.043%	$1.8M	$807K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.02	+0.082%	$195K	$39K	20x	as long as short