Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%

Price spread now: Aster against Extended+0.057%7-day average +0.037% · you sell dearer than you buy

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

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.057%, 7d avg +0.037%

Together, before fees−0.106%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$11 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 0.020% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	232.10	0	get 0.0000% / 1h	56m 08s	$53K	$234K	10x
Short	Aster IBMUSDT	232.24	0	get 0.0000% / 8h	2h 56m	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.037%: $2.04
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.96
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 56 min ago; Aster: live order book, 55 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 Extended live order book, 56 min ago	1.94 bp	16.3 bp −$16	186.8 bp −$1,868	doesn't fit	doesn't fit
Sell Aster live order book, 55 min ago	24.41 bp	doesn't fit	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	−0.0014%	8h	232.11	+0.003%	$47K	$52K	20x	as long as short
Aster IBMUSDTshort	0.0000%	8h	232.24	+0.057%	$13K	$127K	20x
Extended IBM-USDlong	0.0000%	1h	232.10	long leg	$53K	$234K	10x
Binance IBMUSDT	0.0000%	8h	232.18	+0.032%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.08	−0.010%	$985K	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.09	−0.006%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.16	+0.024%	$808K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.96	−0.062%	$787K	$323K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.98	−0.054%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.01	−0.042%	$60	$162K	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	231.77	−0.144%	$946	$477K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.26	+0.067%	$6K	$33K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.03	−0.032%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.04	−0.027%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.379%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.94	−0.071%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.87	−0.101%	$1.9M	$790K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.09	−0.006%	$195K	$35K	20x	as long as short