Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Bitget−0.095%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Vest

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

Funding pays, the price is against you. Vest is 0.095% cheaper against Bitget than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IBMUSDT	231.62	0	get 0.0000% / 8h	3h 43m	$786K	$335K	20x
Short	Vest IBM-USD-PERP	231.40	0.0046	get 0.0006% / 1h	43m 52s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bitget. 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 BitgetbpFee VestbpOrdersPrice spread, now −0.095%Rate

Funding earned: $9.59
Price spread: −0.095% → 0.000%: −$9.5
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$13.91
Costs to cover: 0.140%
Break-even: 17.1 days

Slippage unknown: Bitget: live order book, 7 min ago; Vest: 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 Bitget live order book, 7 min ago	2.38 bp	12.5 bp −$13	35.9 bp −$359	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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	−0.0014%	8h	231.66	+0.017%	$47K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.42	−0.086%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.58	−0.019%	$53K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.64	+0.009%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.48	−0.060%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.64	+0.009%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.61	−0.004%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDTlong	0.0000%	8h	231.62	long leg	$786K	$335K	20x
Variational Omni IBM	0.0000%	8h	231.60	−0.007%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.59	−0.015%	$116	$160K	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	231.47	−0.065%	$1K	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.90	+0.121%	$6K	$34K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.55	−0.030%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.45	−0.073%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.198%	—	$57	12x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	231.40	−0.095%	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.35	−0.117%	$1.9M	$763K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.60	−0.009%	$195K	$34K	20x	as long as short