Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.013%

Price spread now: Lighter against Aster+0.002%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.44	0	get 0.0000% / 8h	3h 54m	$13K	$127K	20x
Short	Lighter IBM	231.44	0.0032	get 0.0004% / 1h	54m 20s	$38K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.002%Rate

Funding earned: $6.72
Price spread: +0.002% → 0.000%: $0.19
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.09
Costs to cover: 0.080%
Break-even: 8.1 days

Slippage unknown: Aster: live order book, 62 min ago; Lighter: 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, 62 min ago	35.60 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	231.58	+0.062%	$47K	$51K	20x	as long as short
Aster IBMUSDTlong	0.0000%	8h	231.44	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	231.53	+0.039%	$54K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.59	+0.065%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.45	+0.006%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.55	+0.049%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.56	+0.054%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.59	+0.067%	$786K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.55	+0.051%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.59	+0.066%	$933	$160K	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	231.44	+0.002%	$981	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.87	+0.188%	$6K	$34K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.50	+0.028%	$1.2M	$2.3M	10x	as long as short
Lighter IBMshort	+0.0032%	1h	231.44	+0.002%	$38K	$43K	10x
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.129%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.36	−0.033%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.35	−0.037%	$1.9M	$763K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.60	+0.071%	$195K	$34K	20x	as long as short