Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Bybit against Vest+0.009%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Bybit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IBM-USD-PERP	232.57	0.0046	pay 0.0006% / 1h	55m 10s	—	—	25x
Short	Bybit IBMUSDT	232.59	0	get 0.0000% / 8h	6h 55m	$995K	$318K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$9.59
Price spread: +0.009% → 0.000%: $0.86
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.73
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 25 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 25 min ago	4.09 bp	13.7 bp −$14	74.9 bp −$749	doesn't fit	doesn't fit

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
tradeXYZ xyz:IBM	−0.0108%	1h	232.56	−0.004%	$1.8M	$775K	10x	as long as short
Aster IBMUSDT	0.0000%	8h	232.55	−0.010%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.62	+0.022%	$54K	$313K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.69	+0.052%	$3.8M	$4.7M	20x	as long as short
Bybit IBMUSDTshort	0.0000%	8h	232.59	+0.009%	$995K	$318K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	232.62	+0.021%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.75	+0.077%	$743K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.71	+0.060%	$782K	$293K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.69	+0.054%	$258K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.35	−0.095%	$904	$413K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.90	+0.142%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0005%	8h	232.72	+0.064%	$47K	$61K	20x	as long as short
QFEX IBM-USD	+0.0015%	1h	232.67	+0.043%	$1.2M	$2.0M	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.553%	—	$57	12x	as long as short
Vest IBM-USD-PERPlong	+0.0046%	1h	232.57	long leg	—	—	25x
Lighter IBM	+0.0056%	1h	232.93	+0.155%	$38K	$45K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.66	+0.039%	$195K	$120K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0398%	8h	232.76	+0.082%	$563	$161K	10x	as long as short