Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Extended against Aster+0.071%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1621.620% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.071%, 7d avg −0.045%

Together, before fees−0.035%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$4 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: Extended is 0.116% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.02	0	get 0.0000% / 8h	2h 26m	$13K	$126K	20x
Short	Extended IBM-USD	231.18	0	get 0.0000% / 1h	26m 43s	$54K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.045%: $11.56
Slippage, 4 orders: −$149.04
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$150.48
Costs to cover: 1.620%
Break-even: never at this rate

Slippage from Aster: live order book, 59 min ago; Extended: live order book, 60 min ago.

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, 59 min ago	55.09 bp	68.8 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 60 min ago	1.73 bp	15.4 bp −$15	176.4 bp −$1,764	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
tradeXYZ xyz:IBM	−0.0073%	1h	231.12	+0.043%	$2.0M	$811K	10x	as long as short
Aster IBMUSDTlong	0.0000%	8h	231.02	long leg	$13K	$126K	20x
Extended IBM-USDshort	0.0000%	1h	231.18	+0.071%	$54K	$202K	10x
Binance IBMUSDT	0.0000%	8h	231.21	+0.080%	$3.9M	$5.8M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.08	+0.025%	$975K	$379K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.25	+0.099%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.21	+0.082%	$806K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.24	+0.095%	$821K	$387K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.34	+0.140%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.15	+0.056%	$1K	$535K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	231.59	+0.246%	$5K	$34K	20x	as long as short
BloFin IBM-USDT	+0.0001%	8h	231.25	+0.099%	$46K	$52K	20x	as long as short
QFEX IBM-USD	+0.0018%	1h	231.27	+0.108%	$1.2M	$3.1M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.18	+0.069%	$38K	$50K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−12.973%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.23	+0.090%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.10	+0.034%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0111%	8h	231.29	+0.116%	$67	$175K	10x	as long as short