Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.032%

Price spread now: Vest against KuCoin−0.035%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (−$3 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	KuCoin IBMUSDTM	231.30	0.0100	pay 0.0100% / 8h	6h 12m	$194K	$33K	20x
Short	Vest IBM-USD-PERP	231.22	0.0046	get 0.0006% / 1h	12m 56s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against KuCoin. 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 KuCoinbpFee VestbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$11.41
Price spread: −0.035% → 0.000%: −$3.46
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$28.87
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 22 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 KuCoin live order book, 22 min ago	4.33 bp	706.6 bp −$707	doesn't fit	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 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	231.26	−0.019%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.28	−0.009%	$973K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.30	0.000%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.34	+0.017%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.42	+0.052%	$791K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.36	+0.027%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.07	−0.099%	$1K	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.86	+0.242%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0029%	1h	231.32	+0.009%	$1.2M	$2.9M	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.078%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IBM-USD-PERPshort	+0.0046%	1h	231.22	−0.035%	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.23	−0.030%	$1.9M	$722K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0067%	8h	231.40	+0.041%	$315	$160K	10x	as long as short
Lighter IBM	+0.0088%	1h	231.51	+0.091%	$38K	$43K	10x	as long as short
Binance IBMUSDT	+0.0092%	8h	231.41	+0.048%	$3.9M	$5.2M	20x	as long as short
Extended IBM-USD	+0.0096%	1h	231.35	+0.022%	$53K	$237K	10x	as long as short
KuCoin IBMUSDTMlong	+0.0100%	8h	231.30	long leg	$194K	$33K	20x