Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against Aster−0.138%7-day average −0.117% · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.138%, 7d avg −0.117%

Together, before fees+0.193%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.021% cheaper against Aster than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.117%). If the spread goes back, that is −$2 on $10k: about 33 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.24	0	get 0.0000% / 8h	1h 17m	$13K	$127K	20x
Short	tradeXYZ xyz:IBM	231.92	0.0050	get 0.0006% / 1h	17m 37s	$1.8M	$800K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.138%Rate

Funding earned: $10.5
Price spread: −0.138% → −0.117%: −$2.07
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$17.57
Costs to cover: 0.260%
Break-even: 18.7 days

Slippage unknown: Aster: live order book, 23 min ago; tradeXYZ: live order book, 10 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, 23 min ago	22.83 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	1.72 bp	11.7 bp −$12	21.6 bp −$216	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	232.24	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.23	−0.004%	$57K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.29	+0.021%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.13	−0.047%	$1.0M	$355K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.22	−0.009%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.28	+0.017%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.24	0.000%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.25	+0.004%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.23	−0.006%	$799	$165K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.07	−0.073%	$717	$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	232.41	+0.073%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0001%	8h	232.30	+0.026%	$47K	$55K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.29	+0.021%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.430%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.05	−0.082%	—	—	25x	as long as short
QFEX IBM-USD	+0.0049%	1h	232.20	−0.017%	$1.2M	$2.1M	10x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.92	−0.138%	$1.8M	$800K	10x
KuCoin IBMUSDTM	+0.0100%	8h	232.22	−0.009%	$195K	$46K	20x	as long as short