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 0.000%

Price spread now: OKX against Aster+0.069%7-day average −0.030% · 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−$145as in the Price arb table

costs, in and out, $10k−$1551.550% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.069%, 7d avg −0.030%

Together, before fees−0.089%+ Points / potential airdropAster: Stage 5 · farm board−$9 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: OKX is 0.099% dearer against Aster than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.09	0	get 0.0000% / 8h	2h 13m	$13K	$127K	20x
Short	OKX IBM-USDT-SWAP	232.25	0	get 0.0000% / 8h	2h 13m	$1.4M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → −0.030%: $9.92
Slippage, 4 orders: −$137.03
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$145.11
Costs to cover: 1.550%
Break-even: never at this rate

Slippage from Aster: live order book, 33 min ago; OKX: live order book, 3 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, 33 min ago	29.73 bp	58.3 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.22 bp	16.9 bp −$17	194.8 bp −$1,948	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	232.09	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.21	+0.051%	$53K	$239K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.27	+0.078%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.09	+0.001%	$983K	$340K	50x	as long as short
OKX IBM-USDT-SWAPshort	0.0000%	8h	232.25	+0.069%	$1.4M	$1.2M	20x
Gate IBM_USDT	0.0000%	8h	232.25	+0.069%	$753K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.24	+0.065%	$790K	$327K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.25	+0.068%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.21	+0.054%	$385	$162K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.03	−0.025%	$852	$474K	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	232.10	+0.005%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0014%	8h	232.29	+0.087%	$46K	$52K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.18	+0.039%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.95	−0.060%	$38K	$48K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.374%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.03	−0.025%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.95	−0.060%	$1.8M	$808K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.12	+0.013%	$194K	$39K	20x	as long as short