Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Bitget against Variational Omni+0.027%7-day average −0.024% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.027%, 7d avg −0.024%

Together, before fees−0.224%+ Points / potential airdropVariational Omni: Active · farm board−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.052% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IBM	231.61	0	get 0.0000% / 8h	3h 22m	$257K	$15K	—
Short	Bitget IBMUSDT	231.67	0	get 0.0000% / 8h	3h 22m	$786K	$333K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.024%: $5.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$6.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; Bitget: live order book, 28 min ago. 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 Variational Omni RFQ quote, 32 min ago	2.79 bp	doesn't fit	47.0 bp −$470	doesn't fit	doesn't fit
Sell Bitget live order book, 28 min ago	2.38 bp	17.9 bp −$18	63.9 bp −$639	doesn't fit	doesn't fit

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	−0.0011%	8h	231.72	+0.049%	$47K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.57	−0.015%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.64	+0.014%	$53K	$237K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.70	+0.040%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.53	−0.033%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.58	−0.012%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.66	+0.023%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDTshort	0.0000%	8h	231.67	+0.027%	$786K	$333K	20x
Variational Omni IBMlong	0.0000%	8h	231.61	long leg	$257K	$15K	—
GRVT IBM_USDT_Perp	0.0000%	8h	231.63	+0.010%	$111	$162K	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	231.46	−0.064%	$958	$477K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.90	+0.126%	$6K	$34K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.62	+0.006%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.49	−0.051%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.194%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.54	−0.029%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.45	−0.068%	$1.9M	$767K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.65	+0.019%	$195K	$34K	20x	as long as short