Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Variational Omni+0.069%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 Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.069%, 7d avg −0.023%

Together, before fees−0.316%+ Points / potential airdropVariational Omni: Active · farm board−$32 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: Bitget is 0.092% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IBM	232.53	0	get 0.0000% / 8h	5h 53m	$258K	$15K	—
Short	Bitget IBMUSDT	232.69	0	get 0.0000% / 8h	5h 53m	$779K	$285K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → −0.023%: $9.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$2.82
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 58 min ago; Bitget: live order book, 55 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, 58 min ago	5.50 bp	doesn't fit	89.1 bp −$891	doesn't fit	doesn't fit
Sell Bitget live order book, 55 min ago	3.87 bp	13.0 bp −$13	54.2 bp −$542	doesn't fit	doesn't fit

IBM on 18 exchanges

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	232.54	+0.003%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.63	+0.044%	$53K	$310K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.71	+0.077%	$3.8M	$4.6M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.45	−0.035%	$999K	$305K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.65	+0.051%	$1.4M	$1.0M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.76	+0.099%	$743K	$1.4M	50x	as long as short
Bitget IBMUSDTshort	0.0000%	8h	232.69	+0.069%	$779K	$285K	20x
Variational Omni IBMlong	0.0000%	8h	232.53	long leg	$258K	$15K	—
SunX IBM-USDT	0.0000%	8h	232.43	−0.043%	$965	$390K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.80	+0.116%	$6K	$34K	20x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IBM-USDT	+0.0014%	8h	232.74	+0.090%	$47K	$62K	20x	as long as short
QFEX IBM-USD	+0.0026%	1h	232.64	+0.047%	$1.2M	$2.0M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.57	+0.017%	$37K	$47K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.538%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.61	+0.034%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.53	0.000%	$1.8M	$788K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.59	+0.026%	$195K	$187K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0515%	8h	232.65	+0.051%	$398	$153K	10x	as long as short