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 +0.014%

Price spread now: Vest against SunX−0.013%7-day average — · you buy dearer than you sell

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

Long on SunX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IBM-USDT	232.16	0	get 0.0000% / 8h	1h 38m	$1K	$472K	10x
Short	Vest IBM-USD-PERP	232.13	0.0046	get 0.0006% / 1h	38m 48s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against SunX. 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 SunXbpFee VestbpOrdersPrice spread, now −0.013%Rate

Funding earned: $9.59
Price spread: −0.013% → 0.000%: −$1.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$1.7
Costs to cover: 0.100%
Break-even: 8.2 days

Slippage unknown: SunX: live order book, 22 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 SunX live order book, 22 min ago	500.27 bp	doesn't fit	doesn't fit	doesn't fit	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	232.17	+0.005%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.27	+0.048%	$57K	$238K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.33	+0.072%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.17	+0.004%	$1.0M	$356K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.24	+0.034%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.33	+0.073%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.23	+0.030%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.33	+0.075%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.34	+0.076%	$170	$164K	10x	as long as short
SunX IBM-USDTlong	0.0000%	8h	232.16	long leg	$1K	$472K	10x

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	−0.022%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0011%	8h	232.36	+0.086%	$47K	$56K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.41	+0.108%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.400%	—	$57	12x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	232.13	−0.013%	—	—	25x
QFEX IBM-USD	+0.0049%	1h	232.25	+0.039%	$1.2M	$2.1M	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.08	−0.034%	$1.8M	$813K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.22	+0.026%	$195K	$46K	20x	as long as short