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 +0.006%

Price spread now: Gate against Aster+0.023%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1641.637% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.023%, 7d avg −0.013%

Together, before fees+0.082%+ Points / potential airdropAster: Stage 5 · farm board+$8 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: Gate is 0.037% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.43	0	get 0.0000% / 8h	5h 41m	$13K	$127K	20x
Short	Gate IBM_USDT	231.48	0	get 0.0000% / 8h	5h 41m	$799K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.013%: $3.65
Slippage, 4 orders: −$140.74
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$160.08
Costs to cover: 1.637%
Break-even: never at this rate

Slippage from Aster: live order book, 20 min ago; Gate: live order book, 1 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, 20 min ago	41.61 bp	51.5 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.24 bp	20.2 bp −$20	200.8 bp −$2,008	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	231.43	long leg	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.44	+0.006%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.47	+0.019%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	231.48	+0.023%	$799K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	231.51	+0.036%	$788K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.51	+0.036%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.22	−0.089%	$1K	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.62	+0.084%	$5K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.51	+0.036%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.126%	—	$57	12x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0035%	1h	231.40	−0.011%	$1.2M	$2.7M	10x	as long as short
GRVT IBM_USDT_Perp	+0.0042%	8h	231.55	+0.052%	$544	$158K	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.34	−0.037%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.34	−0.037%	$1.9M	$726K	10x	as long as short
Binance IBMUSDT	+0.0076%	8h	231.54	+0.049%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0080%	1h	231.46	+0.014%	$53K	$238K	10x	as long as short
BloFin IBM-USDT	+0.0092%	8h	231.57	+0.062%	$47K	$52K	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.52	+0.041%	$194K	$33K	20x	as long as short