Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Aster−13.398%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Injective is 13.398% cheaper against Aster than usual: you would sell low and buy high (spread −13.398% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,340 on $10k: about years of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.16	0	get 0.0000% / 8h	1h 35m	$13K	$127K	20x
Short	Injective IBM/USDC PERP	201.05	0.0033	get 0.0004% / 1h	35m 15s	—	$57	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −13.398%Rate

Funding earned: $7
Price spread: −13.398% → 0.000%: −$1,339.84
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,340.86
Costs to cover: 0.080%
Break-even: 1347.9 days

Slippage unknown: Aster: live order book, 6 min ago; Injective: no order-book sample. 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, 6 min ago	22.83 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0027%	8h	232.36	+0.088%	$47K	$56K	20x	as long as short
Aster IBMUSDTlong	0.0000%	8h	232.16	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.26	+0.043%	$57K	$238K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.31	+0.067%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.18	+0.011%	$1.0M	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.24	+0.037%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.34	+0.080%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.29	+0.058%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.34	+0.079%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.34	+0.080%	$170	$164K	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	232.16	+0.002%	$1K	$473K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.30	+0.062%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.42	+0.114%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERPshort	+0.0033%	1h	201.05	−13.398%	—	$57	12x
Vest IBM-USD-PERP	+0.0046%	1h	232.15	−0.002%	—	—	25x	as long as short
QFEX IBM-USD	+0.0049%	1h	232.29	+0.058%	$1.2M	$2.1M	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.11	−0.019%	$1.8M	$813K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.23	+0.032%	$195K	$46K	20x	as long as short