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 +0.006%

Price spread now: Variational Omni against Aster+0.061%7-day average −0.016% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now +0.061%, 7d avg −0.016%

Together, before fees+0.179%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · 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: Variational Omni is 0.076% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.45	0	get 0.0000% / 8h	4h 00m	$13K	$127K	20x
Short	Variational Omni IBM	231.59	0	get 0.0000% / 8h	4h 00m	$256K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → −0.016%: $7.63
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.37
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 56 min ago; Variational Omni: RFQ quote, 59 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, 56 min ago	35.60 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 59 min ago	2.79 bp	doesn't fit	20.9 bp −$209	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	231.45	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	231.57	+0.049%	$54K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.63	+0.076%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.47	+0.007%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.56	+0.046%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.58	+0.055%	$805K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.63	+0.076%	$786K	$337K	20x	as long as short
Variational Omni IBMshort	0.0000%	8h	231.59	+0.061%	$256K	$15K	—
GRVT IBM_USDT_Perp	0.0000%	8h	231.60	+0.065%	$35	$159K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.49	+0.016%	$977	$476K	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	232.01	+0.240%	$5K	$34K	20x	as long as short
BloFin IBM-USDT	+0.0011%	8h	231.66	+0.089%	$47K	$51K	20x	as long as short
QFEX IBM-USD	+0.0026%	1h	231.54	+0.037%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.44	−0.006%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.136%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.023%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.39	−0.028%	$1.9M	$763K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.55	+0.042%	$194K	$34K	20x	as long as short