Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against OKX−0.099%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 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 0.099% cheaper against OKX than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 7.2 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	OKX IBM-USDT-SWAP	232.20	0	get 0.0000% / 8h	3m 50s	$1.4M	$1.2M	20x
Short	Vest IBM-USD-PERP	231.97	0.0046	get 0.0006% / 1h	3m 50s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against OKX. 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 OKXbpFee VestbpOrdersPrice spread, now −0.099%Rate

Funding earned: $9.59
Price spread: −0.099% → 0.000%: −$9.91
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$12.31
Costs to cover: 0.120%
Break-even: 16.0 days

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	2.15 bp	17.2 bp −$17	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 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	−0.0006%	8h	232.19	−0.004%	$47K	$59K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.03	−0.071%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.13	−0.029%	$53K	$311K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.19	−0.004%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.00	−0.086%	$1.0M	$349K	50x	as long as short
OKX IBM-USDT-SWAPlong	0.0000%	8h	232.20	long leg	$1.4M	$1.2M	20x
Gate IBM_USDT	0.0000%	8h	232.20	0.000%	$743K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.17	−0.013%	$780K	$346K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.15	−0.020%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.20	+0.002%	$93	$168K	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	232.03	−0.073%	$928	$471K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.53	+0.142%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.32	+0.052%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.415%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.07	−0.056%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	231.97	−0.099%	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.91	−0.125%	$1.8M	$800K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.08	−0.052%	$194K	$55K	20x	as long as short