Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.042%

Price spread now: Binance against Variational Omni−0.015%7-day average +0.007% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now −0.015%, 7d avg +0.007%

Together, before fees−0.131%+ Points / potential airdropVariational Omni: Active · farm board−$13 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: Binance is 0.022% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IBM	232.31	0	get 0.0000% / 8h	1h 46m	$257K	$13K	—
Short	Binance IBMUSDT	232.27	0	get 0.0000% / 8h	1h 46m	$3.8M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.007%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$12.23
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 63 min ago; Binance: live order book, 7 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 Variational Omni RFQ quote, 63 min ago	5.49 bp	doesn't fit	46.9 bp −$469	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.65 bp	8.5 bp −$8	36.3 bp −$363	147.9 bp −$14.8K	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	−0.0011%	8h	232.29	−0.007%	$47K	$56K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.20	−0.044%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.22	−0.038%	$57K	$238K	10x	as long as short
Binance IBMUSDTshort	0.0000%	8h	232.27	−0.015%	$3.8M	$5.5M	20x
Bybit IBMUSDT	0.0000%	8h	232.12	−0.080%	$1.0M	$356K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.14	−0.072%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.24	−0.029%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.22	−0.037%	$780K	$343K	20x	as long as short
Variational Omni IBMlong	0.0000%	8h	232.31	long leg	$257K	$13K	—
GRVT IBM_USDT_Perp	0.0000%	8h	232.29	−0.007%	$834	$164K	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	232.07	−0.102%	$1K	$472K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.45	+0.062%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.26	−0.020%	$38K	$48K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.455%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.04	−0.115%	—	—	25x	as long as short
QFEX IBM-USD	+0.0049%	1h	232.17	−0.059%	$1.2M	$2.1M	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.03	−0.119%	$1.8M	$817K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.17	−0.059%	$194K	$44K	20x	as long as short