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 +0.083%

Price spread now: GRVT against Aster−0.105%7-day average −0.011% · you buy dearer than you sell

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

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.214%+$21 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.105%, 7d avg −0.011%

Together, before fees+0.441%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board+$44 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: GRVT is 0.094% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.25	0	get 0.0000% / 8h	2h 57m	$13K	$127K	20x
Short	GRVT IBM_USDT_Perp	232.01	0	get 0.0000% / 8h	2h 57m	$60	$162K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.011%: −$9.42
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$26.42
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 54 min ago; GRVT: live order book, 51 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	24.41 bp	62.6 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 51 min ago	1.51 bp	18.0 bp −$18	24.7 bp −$247	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
BloFin IBM-USDT	−0.0014%	8h	232.11	−0.061%	$47K	$52K	20x	as long as short
Aster IBMUSDTlong	0.0000%	8h	232.25	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.09	−0.069%	$53K	$234K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.15	−0.043%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.08	−0.073%	$985K	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.13	−0.052%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.15	−0.043%	$808K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.96	−0.125%	$787K	$323K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.98	−0.117%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perpshort	0.0000%	8h	232.01	−0.105%	$60	$162K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	231.77	−0.207%	$946	$477K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.26	+0.004%	$6K	$33K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.08	−0.073%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.04	−0.091%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.434%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.00	−0.108%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.85	−0.172%	$1.9M	$789K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.09	−0.069%	$195K	$35K	20x	as long as short