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 +0.008%

Price spread now: Vest against Variational Omni−0.086%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.086% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6.3 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	Variational Omni IBM	232.13	0	get 0.0000% / 8h	47m 25s	$256K	$13K	—
Short	Vest IBM-USD-PERP	231.93	0.0046	get 0.0006% / 1h	47m 25s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.086%Rate

Funding earned: $9.59
Price spread: −0.086% → 0.000%: −$8.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$1.01
Costs to cover: 0.020%
Break-even: 7.7 days

Slippage unknown: Variational Omni: RFQ quote, 57 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 Variational Omni RFQ quote, 57 min ago	5.49 bp	doesn't fit	70.0 bp −$700	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	−0.0005%	8h	231.93	−0.086%	$47K	$59K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.28	+0.065%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.11	−0.010%	$53K	$319K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.17	+0.017%	$3.8M	$5.6M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.04	−0.039%	$1.0M	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.13	0.000%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.20	+0.030%	$750K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.23	+0.043%	$780K	$350K	20x	as long as short
Variational Omni IBMlong	0.0000%	8h	232.13	long leg	$256K	$13K	—
GRVT IBM_USDT_Perp	0.0000%	8h	232.20	+0.030%	$72	$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	232.00	−0.056%	$1K	$471K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.45	+0.138%	$6K	$33K	20x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.389%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.08	−0.021%	$1.2M	$2.0M	10x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	231.93	−0.086%	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.83	−0.129%	$1.8M	$797K	10x	as long as short
Lighter IBM	+0.0056%	1h	232.24	+0.048%	$38K	$49K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.10	−0.013%	$195K	$48K	20x	as long as short