Funding arb · Price arb /

IBM

RWAall IBM markets

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 −0.048%

Price spread now: Aster against Binance−0.038%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2412.406% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.038%, 7d avg 0.000%

Together, before fees−0.087%+ 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: Aster is 0.037% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IBMUSDT	232.00	0	get 0.0000% / 8h	7h 59m	$3.8M	$5.5M	20x
Short	Aster IBMUSDT	231.91	0	get 0.0000% / 8h	7h 59m	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → 0.000%: −$3.71
Slippage, 4 orders: −$222.65
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$244.36
Costs to cover: 2.406%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Aster: live order book, 36 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 Binance live order book, 8 min ago	0.22 bp	11.4 bp −$11	28.8 bp −$288	127.7 bp −$12.8K	doesn't fit
Sell Aster live order book, 36 min ago	40.00 bp	78.3 bp −$78	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	−0.0013%	8h	232.16	+0.070%	$47K	$60K	20x	as long as short
Aster IBMUSDTshort	0.0000%	8h	231.91	−0.038%	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	231.93	−0.030%	$53K	$311K	10x	as long as short
Binance IBMUSDTlong	0.0000%	8h	232.00	long leg	$3.8M	$5.5M	20x
Bybit IBMUSDT	0.0000%	8h	231.93	−0.029%	$1.0M	$353K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.17	+0.074%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.28	+0.122%	$744K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.87	−0.055%	$779K	$336K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.07	+0.033%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.20	+0.086%	$632	$168K	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	232.02	+0.010%	$1K	$471K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.27	+0.118%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.15	+0.066%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.339%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	231.94	−0.025%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.96	−0.016%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.90	−0.042%	$1.8M	$802K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.00	+0.001%	$194K	$56K	20x	as long as short