Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.052%

Price spread now: Variational Omni against Gate+0.021%7-day average +0.001% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.100%−$10 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now +0.021%, 7d avg +0.001%

Together, before fees−0.022%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.020% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IBM_USDT	231.52	0	get 0.0000% / 8h	19m 34s	$797K	$1.5M	50x
Short	Variational Omni IBM	231.57	0	get 0.0000% / 8h	19m 34s	$256K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.001%: $2
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; Variational Omni: RFQ quote, 59 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 Gate live order book, 3 min ago	4.75 bp	16.2 bp −$16	202.5 bp −$2,025	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 59 min ago	2.79 bp	doesn't fit	55.8 bp −$558	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
Aster IBMUSDT	0.0000%	8h	231.90	+0.164%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.40	−0.052%	$976K	$376K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.50	−0.009%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTlong	0.0000%	8h	231.52	long leg	$797K	$1.5M	50x
Bitget IBMUSDT	0.0000%	8h	231.52	0.000%	$798K	$404K	20x	as long as short
Variational Omni IBMshort	0.0000%	8h	231.57	+0.021%	$256K	$15K	—
SunX IBM-USDT	0.0000%	8h	231.30	−0.095%	$932	$534K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.89	+0.160%	$5K	$33K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.47	−0.022%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.54	+0.009%	$38K	$47K	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	−13.161%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.052%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.060%	$2.0M	$810K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.42	−0.043%	$194K	$34K	20x	as long as short
Extended IBM-USD	+0.0176%	1h	231.50	−0.009%	$54K	$202K	10x	as long as short
Binance IBMUSDT	+0.0177%	8h	231.55	+0.014%	$3.9M	$5.8M	20x	as long as short
BloFin IBM-USDT	+0.0195%	8h	231.58	+0.026%	$46K	$52K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0418%	8h	231.54	+0.009%	$621	$170K	10x	as long as short