Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.032%

Price spread now: KuCoin against Vest+0.069%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 KuCoin

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 +$2 a day on $10k at the current rate, and KuCoin is 0.069% 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	231.44	0.0046	pay 0.0006% / 1h	24m 24s	—	—	25x
Short	KuCoin IBMUSDTM	231.60	0.0100	get 0.0100% / 8h	7h 24m	$195K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $11.41
Price spread: +0.069% → 0.000%: $6.91
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $4.32
Costs to cover: 0.140%
Break-even: 4.3 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 20 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 KuCoin live order book, 20 min ago	6.05 bp	89.6 bp −$90	doesn't fit	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
Aster IBMUSDT	0.0000%	8h	231.45	+0.003%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.48	+0.017%	$977K	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.68	+0.104%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.60	+0.069%	$802K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.64	+0.086%	$793K	$356K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.64	+0.087%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.54	+0.043%	$905	$497K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.07	+0.272%	$5K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0015%	8h	231.67	+0.098%	$320	$164K	10x	as long as short
QFEX IBM-USD	+0.0025%	1h	231.54	+0.043%	$1.2M	$3.3M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.35	−0.039%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.131%	—	$57	12x	as long as short
Vest IBM-USD-PERPlong	+0.0046%	1h	231.44	long leg	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.44	0.000%	$1.9M	$727K	10x	as long as short
KuCoin IBMUSDTMshort	+0.0100%	8h	231.60	+0.069%	$195K	$33K	20x
Binance IBMUSDT	+0.0174%	8h	231.64	+0.085%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0176%	1h	231.57	+0.056%	$53K	$283K	10x	as long as short
BloFin IBM-USDT	+0.0192%	8h	231.61	+0.073%	$662	$52K	20x	as long as short