Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.008%

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

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

Long on Vest Short on Variational Omni

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 · Variational Omni: 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	Vest IBM-USD-PERP	231.34	0.0046	pay 0.0006% / 1h	36m 19s	—	—	25x
Short	Variational Omni IBM	231.38	0	get 0.0000% / 8h	4h 36m	$256K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now +0.018%Rate

Funding earned: −$9.59
Price spread: +0.018% → 0.000%: $1.82
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.77
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 23 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 23 min ago	2.79 bp	doesn't fit	20.9 bp −$209	doesn't fit	doesn't fit

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
BloFin IBM-USDT	−0.0012%	8h	231.36	+0.009%	$47K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.35	+0.004%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.44	+0.045%	$53K	$235K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.50	+0.069%	$3.9M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.33	−0.004%	$980K	$348K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.46	+0.052%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.50	+0.069%	$805K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.47	+0.056%	$786K	$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	231.39	+0.022%	$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	231.40	+0.026%	$757	$482K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.90	+0.242%	$5K	$34K	20x	as long as short
tradeXYZ xyz:IBM	+0.0026%	1h	231.26	−0.035%	$1.9M	$756K	10x	as long as short
QFEX IBM-USD	+0.0026%	1h	231.40	+0.026%	$1.2M	$2.5M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.37	+0.013%	$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-PERPlong	+0.0046%	1h	231.34	long leg	—	—	25x
KuCoin IBMUSDTM	+0.0100%	8h	231.42	+0.035%	$194K	$34K	20x	as long as short