Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.034%

Price spread now: Vest against Binance−0.103%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Vest

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

Funding pays, the price is against you. Vest is 0.103% cheaper against Binance than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 7.5 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	Binance IBMUSDT	232.37	0	get 0.0000% / 8h	1h 40m	$3.8M	$5.5M	20x
Short	Vest IBM-USD-PERP	232.13	0.0046	get 0.0006% / 1h	40m 00s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Binance. 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 BinancebpFee VestbpOrdersPrice spread, now −0.103%Rate

Funding earned: $9.59
Price spread: −0.103% → 0.000%: −$10.33
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$12.74
Costs to cover: 0.120%
Break-even: 16.3 days

Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago	0.65 bp	9.6 bp −$10	25.8 bp −$258	138.6 bp −$13.9K	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
Aster IBMUSDT	0.0000%	8h	232.20	−0.071%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.31	−0.026%	$57K	$238K	10x	as long as short
Binance IBMUSDTlong	0.0000%	8h	232.37	long leg	$3.8M	$5.5M	20x
Bybit IBMUSDT	0.0000%	8h	232.20	−0.073%	$1.0M	$356K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.24	−0.056%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.32	−0.022%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.22	−0.065%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.33	−0.015%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.30	−0.030%	$827	$164K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.16	−0.090%	$1K	$472K	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	232.11	−0.112%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0011%	8h	232.37	0.000%	$47K	$56K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.38	+0.004%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.479%	—	$57	12x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	232.13	−0.103%	—	—	25x
QFEX IBM-USD	+0.0049%	1h	232.27	−0.043%	$1.2M	$2.1M	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.08	−0.125%	$1.8M	$819K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.22	−0.065%	$195K	$46K	20x	as long as short