Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest−0.035%7-day average — · you buy dearer than you sell

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

Long on Vest Short on SunX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.035% cheaper against Vest than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IBM-USD-PERP	231.46	0.0046	pay 0.0006% / 1h	24m 34s	—	—	25x
Short	SunX IBM-USDT	231.38	0	get 0.0000% / 8h	5h 24m	$775	$485K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$9.59
Price spread: −0.035% → 0.000%: −$3.46
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$23.05
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago	500.37 bp	doesn't fit	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 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
Aster IBMUSDT	0.0000%	8h	231.48	+0.009%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.48	+0.009%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.66	+0.086%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.65	+0.082%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.60	+0.060%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.59	+0.057%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.59	+0.056%	$102	$159K	10x	as long as short
SunX IBM-USDTshort	0.0000%	8h	231.38	−0.035%	$775	$485K	10x
HTX IBM-USDT	0.0000%	8h	231.86	+0.173%	$5K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.51	+0.022%	$38K	$43K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.138%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.45	−0.004%	$1.2M	$2.7M	10x	as long as short
Vest IBM-USD-PERPlong	+0.0046%	1h	231.46	long leg	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.43	−0.013%	$1.9M	$726K	10x	as long as short
Binance IBMUSDT	+0.0055%	8h	231.64	+0.078%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0056%	1h	231.58	+0.053%	$54K	$240K	10x	as long as short
BloFin IBM-USDT	+0.0082%	8h	231.71	+0.108%	$667	$52K	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.59	+0.056%	$193K	$34K	20x	as long as short