Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.034%

Price spread now: Variational Omni against Extended+0.018%7-day average +0.023% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now +0.018%, 7d avg +0.023%

Together, before fees+0.193%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	231.34	0	get 0.0000% / 1h	40m 13s	$53K	$235K	10x
Short	Variational Omni IBM	231.38	0	get 0.0000% / 8h	4h 40m	$256K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.023%: −$0.52
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.52
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 17 min ago; Variational Omni: RFQ quote, 19 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 Extended live order book, 17 min ago	2.16 bp	16.2 bp −$16	122.2 bp −$1,222	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 19 min ago	2.79 bp	doesn't fit	20.9 bp −$209	doesn't fit	doesn't fit

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
BloFin IBM-USDT	−0.0016%	8h	231.34	0.000%	$47K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.30	−0.016%	$13K	$127K	20x	as long as short
Extended IBM-USDlong	0.0000%	1h	231.34	long leg	$53K	$235K	10x
Binance IBMUSDT	0.0000%	8h	231.40	+0.026%	$3.9M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.21	−0.056%	$980K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.38	+0.017%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.44	+0.043%	$804K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.41	+0.030%	$785K	$341K	20x	as long as short
Variational Omni IBMshort	0.0000%	8h	231.38	+0.018%	$256K	$15K	—
GRVT IBM_USDT_Perp	0.0000%	8h	231.38	+0.017%	$467	$158K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	231.24	−0.043%	$756	$482K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.83	+0.212%	$5K	$34K	20x	as long as short
tradeXYZ xyz:IBM	+0.0006%	1h	231.25	−0.039%	$1.9M	$756K	10x	as long as short
QFEX IBM-USD	+0.0026%	1h	231.34	0.000%	$1.2M	$2.5M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.34	0.000%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.093%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.28	−0.026%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.37	+0.013%	$194K	$34K	20x	as long as short