Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Aster+0.042%7-day average −0.075% · you sell dearer than you buy

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

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now +0.042%, 7d avg −0.075%

Together, before fees+0.180%+ Points / potential airdropAster: Stage 5 · farm board+$18 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: SunX is 0.117% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.10	0	get 0.0000% / 8h	7h 49m	$13K	$127K	20x
Short	SunX IBM-USDT	232.20	0	get 0.0000% / 8h	7h 49m	$766	$457K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.075%: $11.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.26
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 47 min ago; SunX: live order book, 62 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, 47 min ago	40.00 bp	139.4 bp −$139	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 62 min ago	500.20 bp	doesn't fit	doesn't fit	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	−0.0020%	8h	232.24	+0.059%	$47K	$60K	20x	as long as short
Aster IBMUSDTlong	0.0000%	8h	232.10	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.23	+0.056%	$53K	$311K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.29	+0.081%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.09	−0.005%	$1.0M	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.20	+0.042%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.32	+0.094%	$743K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.08	−0.010%	$779K	$334K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.16	+0.023%	$256K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.98	−0.051%	$541	$167K	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-USDTshort	0.0000%	8h	232.20	+0.042%	$766	$457K	10x
HTX IBM-USDT	0.0000%	8h	232.47	+0.158%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.23	+0.055%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.379%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0036%	1h	232.28	+0.077%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.28	+0.077%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.05	−0.023%	$1.8M	$802K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.09	−0.005%	$195K	$65K	20x	as long as short