Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest−0.022%7-day average — · you buy dearer than you sell

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

Long on Vest Short on SunX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.022% cheaper against Vest than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IBM-USD-PERP	231.39	0.0046	pay 0.0006% / 1h	4m 09s	—	—	25x
Short	SunX IBM-USDT	231.34	0	get 0.0000% / 8h	7h 04m	$1K	$489K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$9.59
Price spread: −0.022% → 0.000%: −$2.16
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.75
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; SunX: live order book, 47 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 SunX live order book, 47 min ago	504.94 bp	doesn't fit	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	231.39	0.000%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.34	−0.022%	$974K	$350K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.45	+0.026%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.51	+0.052%	$800K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.50	+0.048%	$792K	$349K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.42	+0.014%	$256K	$15K	—	as long as short
SunX IBM-USDTshort	0.0000%	8h	231.34	−0.022%	$1K	$489K	10x
HTX IBM-USDT	0.0000%	8h	231.93	+0.233%	$5K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0025%	8h	231.58	+0.081%	$412	$162K	10x	as long as short
QFEX IBM-USD	+0.0025%	1h	231.41	+0.009%	$1.2M	$3.2M	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	231.32	−0.030%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.112%	—	$57	12x	as long as short
Vest IBM-USD-PERPlong	+0.0046%	1h	231.39	long leg	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.27	−0.052%	$1.9M	$721K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.42	+0.013%	$194K	$33K	20x	as long as short
Binance IBMUSDT	+0.0150%	8h	231.48	+0.039%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0152%	1h	231.43	+0.017%	$53K	$234K	10x	as long as short
BloFin IBM-USDT	+0.0176%	8h	231.53	+0.061%	$664	$52K	20x	as long as short