Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against HTX−0.259%7-day average — · you buy dearer than you sell

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

Long on HTX 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 0.259% cheaper against HTX than usual: you would sell low and buy high (spread −0.259% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 19 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	HTX IBM-USDT	232.05	0	get 0.0000% / 8h	5h 47m	$5K	$34K	20x
Short	Vest IBM-USD-PERP	231.45	0.0046	get 0.0006% / 1h	47m 36s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against HTX. 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 HTXbpFee VestbpOrdersPrice spread, now −0.259%Rate

Funding earned: $9.59
Price spread: −0.259% → 0.000%: −$25.86
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$30.26
Costs to cover: 0.140%
Break-even: 29.1 days

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

HTX 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 17 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	231.46	−0.255%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.46	−0.254%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.57	−0.207%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.55	−0.215%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.56	−0.211%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.54	−0.218%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.26	−0.340%	$934	$487K	10x	as long as short
HTX IBM-USDTlong	0.0000%	8h	232.05	long leg	$5K	$34K	20x
Lighter IBM	+0.0032%	1h	231.51	−0.233%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.359%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0035%	1h	231.46	−0.254%	$1.2M	$2.8M	10x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	231.45	−0.259%	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.36	−0.297%	$1.9M	$726K	10x	as long as short
Binance IBMUSDT	+0.0086%	8h	231.55	−0.215%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0088%	1h	231.49	−0.241%	$53K	$235K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0089%	8h	231.60	−0.194%	$192	$158K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.59	−0.198%	$194K	$33K	20x	as long as short