Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.032%

Price spread now: KuCoin against Vest+0.035%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.035% dearer against Vest than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IBM-USD-PERP	231.22	0.0046	pay 0.0006% / 1h	12m 57s	—	—	25x
Short	KuCoin IBMUSDTM	231.30	0.0100	get 0.0100% / 8h	6h 12m	$194K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.035%Rate

Funding earned: $11.41
Price spread: +0.035% → 0.000%: $3.46
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.87
Costs to cover: 0.140%
Break-even: 6.5 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 22 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 KuCoin live order book, 22 min ago	4.33 bp	739.0 bp −$739	doesn't fit	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 17 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
Aster IBMUSDT	0.0000%	8h	231.26	+0.015%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.28	+0.026%	$973K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.30	+0.035%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.34	+0.052%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.42	+0.086%	$791K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.36	+0.061%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.07	−0.065%	$1K	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.86	+0.277%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0029%	1h	231.32	+0.043%	$1.2M	$2.9M	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.048%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IBM-USD-PERPlong	+0.0046%	1h	231.22	long leg	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.23	+0.004%	$1.9M	$722K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0067%	8h	231.40	+0.076%	$315	$160K	10x	as long as short
Lighter IBM	+0.0088%	1h	231.51	+0.125%	$38K	$43K	10x	as long as short
Binance IBMUSDT	+0.0092%	8h	231.41	+0.082%	$3.9M	$5.2M	20x	as long as short
Extended IBM-USD	+0.0096%	1h	231.35	+0.057%	$53K	$237K	10x	as long as short
KuCoin IBMUSDTMshort	+0.0100%	8h	231.30	+0.035%	$194K	$33K	20x