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: Gate against Vest+0.099%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 Gate

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 pays, funding is against you. Gate is 0.099% dearer against Vest than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IBM-USD-PERP	232.55	0.0046	pay 0.0006% / 1h	56m 59s	—	—	25x
Short	Gate IBM_USDT	232.78	0	get 0.0000% / 8h	6h 56m	$743K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.099%Rate

Funding earned: −$9.59
Price spread: +0.099% → 0.000%: $9.89
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.7
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	4.08 bp	17.3 bp −$17	172.8 bp −$1,728	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	−0.0130%	1h	232.57	+0.009%	$1.8M	$773K	10x	as long as short
Aster IBMUSDT	0.0000%	8h	232.55	0.000%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.71	+0.069%	$54K	$313K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.77	+0.096%	$3.8M	$4.8M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.65	+0.043%	$995K	$319K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.74	+0.082%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	232.78	+0.099%	$743K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	232.76	+0.090%	$782K	$293K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.69	+0.059%	$258K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.43	−0.052%	$904	$418K	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	232.79	+0.103%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0012%	8h	232.80	+0.108%	$47K	$61K	20x	as long as short
QFEX IBM-USD	+0.0015%	1h	232.68	+0.056%	$1.2M	$2.0M	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.545%	—	$57	12x	as long as short
Vest IBM-USD-PERPlong	+0.0046%	1h	232.55	long leg	—	—	25x
Lighter IBM	+0.0096%	1h	232.91	+0.155%	$38K	$45K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.66	+0.047%	$195K	$117K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0391%	8h	232.77	+0.095%	$573	$164K	10x	as long as short