Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aster against Bitget−0.080%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1621.621% of the position

Long on Bitget Short on Aster

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)+0.097%+$10 · spread now −0.080%, 7d avg +0.044%

Together, before fees+0.097%+ Points / potential airdropAster: Stage 5 · farm board+$10 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 0.124% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IBMUSDT	231.32	0	get 0.0000% / 8h	58m 07s	$798K	$408K	20x
Short	Aster IBMUSDT	231.14	0	get 0.0000% / 8h	58m 07s	$13K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → +0.044%: −$12.39
Slippage, 4 orders: −$142.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$174.53
Costs to cover: 1.621%
Break-even: never at this rate

Slippage from Bitget: live order book, 17 min ago; Aster: live order book, 18 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 Bitget live order book, 17 min ago	4.10 bp	13.8 bp −$14	54.0 bp −$540	doesn't fit	doesn't fit
Sell Aster live order book, 18 min ago	32.39 bp	69.7 bp −$70	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
Aster IBMUSDTshort	0.0000%	8h	231.14	−0.080%	$13K	$126K	20x
Bybit IBMUSDT	0.0000%	8h	231.22	−0.043%	$976K	$381K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.32	0.000%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.37	+0.022%	$812K	$1.5M	50x	as long as short
Bitget IBMUSDTlong	0.0000%	8h	231.32	long leg	$798K	$408K	20x
Variational Omni IBM	0.0000%	8h	231.31	−0.003%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.13	−0.082%	$957	$533K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.77	+0.195%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.38	+0.026%	$1.2M	$3.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.42	+0.043%	$38K	$47K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.086%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.38	+0.026%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.22	−0.043%	$2.0M	$808K	10x	as long as short
BloFin IBM-USDT	+0.0053%	8h	231.35	+0.013%	$46K	$52K	20x	as long as short
Extended IBM-USD	+0.0064%	1h	231.29	−0.011%	$54K	$202K	10x	as long as short
Binance IBMUSDT	+0.0065%	8h	231.34	+0.009%	$3.9M	$5.8M	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.17	−0.065%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0332%	8h	231.32	+0.002%	$173	$172K	10x	as long as short