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 0.000%

Price spread now: Bitget against Aster+0.086%7-day average −0.043% · you sell dearer than you buy

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

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.086%, 7d avg −0.043%

Together, before fees−0.085%+ Points / potential airdropAster: Stage 5 · farm board−$9 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 0.128% dearer against Aster than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.36	0	get 0.0000% / 8h	7h 17m	$13K	$127K	20x
Short	Bitget IBMUSDT	231.56	0	get 0.0000% / 8h	7h 17m	$794K	$356K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → −0.043%: $12.84
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$7.16
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 54 min ago; Bitget: live order book, 53 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 Aster live order book, 54 min ago	28.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 53 min ago	2.37 bp	17.2 bp −$17	61.4 bp −$614	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 IBMUSDTlong	0.0000%	8h	231.36	long leg	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.41	+0.021%	$973K	$355K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.54	+0.077%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.56	+0.086%	$800K	$1.5M	50x	as long as short
Bitget IBMUSDTshort	0.0000%	8h	231.56	+0.086%	$794K	$356K	20x
Variational Omni IBM	0.0000%	8h	231.54	+0.076%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.35	−0.005%	$1K	$495K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.93	+0.246%	$5K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0003%	8h	231.57	+0.089%	$320	$164K	10x	as long as short
QFEX IBM-USD	+0.0025%	1h	231.46	+0.043%	$1.2M	$3.3M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.33	−0.014%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.101%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.39	+0.012%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.37	+0.004%	$1.9M	$721K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.50	+0.060%	$195K	$33K	20x	as long as short
Binance IBMUSDT	+0.0166%	8h	231.54	+0.077%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0168%	1h	231.49	+0.056%	$53K	$234K	10x	as long as short
BloFin IBM-USDT	+0.0179%	8h	231.61	+0.107%	$662	$52K	20x	as long as short