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 Bybit−0.025%7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1581.584% of the position

Long on Bybit 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)+0.091%+$9 · spread now −0.025%, 7d avg +0.080%

Together, before fees+0.091%+ 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 0.105% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IBMUSDT	231.07	0	get 0.0000% / 8h	2h 26m	$975K	$379K	50x
Short	Aster IBMUSDT	231.01	0	get 0.0000% / 8h	2h 26m	$13K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.080%: −$10.52
Slippage, 4 orders: −$139.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$168.9
Costs to cover: 1.584%
Break-even: never at this rate

Slippage from Bybit: live order book, 58 min ago; Aster: live order book, 59 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 Bybit live order book, 58 min ago	3.46 bp	14.7 bp −$15	97.3 bp −$973	doesn't fit	doesn't fit
Sell Aster live order book, 59 min ago	55.09 bp	62.5 bp −$63	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
tradeXYZ xyz:IBM	−0.0072%	1h	231.12	+0.022%	$2.0M	$811K	10x	as long as short
Aster IBMUSDTshort	0.0000%	8h	231.01	−0.025%	$13K	$126K	20x
Extended IBM-USD	0.0000%	1h	231.18	+0.050%	$54K	$202K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.21	+0.061%	$3.9M	$5.8M	20x	as long as short
Bybit IBMUSDTlong	0.0000%	8h	231.07	long leg	$975K	$379K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	231.25	+0.078%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.21	+0.061%	$806K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.22	+0.065%	$821K	$387K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.34	+0.119%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.15	+0.035%	$1K	$535K	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	231.59	+0.225%	$5K	$34K	20x	as long as short
BloFin IBM-USDT	+0.0001%	8h	231.25	+0.078%	$46K	$52K	20x	as long as short
QFEX IBM-USD	+0.0018%	1h	231.25	+0.078%	$1.2M	$3.1M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.18	+0.048%	$38K	$50K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−12.992%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.24	+0.074%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.10	+0.013%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0111%	8h	231.29	+0.095%	$67	$175K	10x	as long as short