Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h −0.027%

Price spread now: Vest against BloFin−0.047%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.047% cheaper against BloFin than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.1 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	BloFin IBM-USDT	232.14	0.0007	pay 0.0007% / 8h	2h 07m	$46K	$52K	20x
Short	Vest IBM-USD-PERP	232.03	0.0046	get 0.0006% / 1h	7m 46s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against BloFin. 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 BloFinbpFee VestbpOrdersPrice spread, now −0.047%Rate

Funding earned: $8.1
Price spread: −0.047% → 0.000%: −$4.74
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$10.64
Costs to cover: 0.140%
Break-even: 16.2 days

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

BloFin and 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	232.06	−0.034%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.20	+0.027%	$53K	$239K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.27	+0.056%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.10	−0.017%	$984K	$340K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.29	+0.065%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.28	+0.060%	$753K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.24	+0.043%	$790K	$327K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.27	+0.058%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.28	+0.059%	$362	$162K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.06	−0.034%	$928	$473K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.42	+0.121%	$6K	$33K	20x	as long as short
BloFin IBM-USDTlong	+0.0007%	8h	232.14	long leg	$46K	$52K	20x
QFEX IBM-USD	+0.0030%	1h	232.18	+0.017%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.04	−0.043%	$38K	$48K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.393%	—	$57	12x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	232.03	−0.047%	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.99	−0.065%	$1.8M	$808K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.13	−0.004%	$195K	$42K	20x	as long as short