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 −0.005%

Price spread now: Aster against Gate−0.084%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1581.583% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.084%, 7d avg +0.014%

Together, before fees−0.077%+ Points / potential airdropAster: Stage 5 · farm board−$8 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 0.098% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IBM_USDT	231.29	0	get 0.0000% / 8h	6h 28m	$798K	$1.4M	50x
Short	Aster IBMUSDT	231.10	0	get 0.0000% / 8h	6h 28m	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → +0.014%: −$9.78
Slippage, 4 orders: −$135.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$168.06
Costs to cover: 1.583%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Aster: live order book, 37 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 Gate live order book, 4 min ago	2.81 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 37 min ago	24.40 bp	62.8 bp −$63	doesn't fit	doesn't fit	doesn't fit

IBM on 17 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	231.10	−0.084%	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.13	−0.069%	$972K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.25	−0.017%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDTlong	0.0000%	8h	231.29	long leg	$798K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	231.38	+0.039%	$791K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.33	+0.017%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.28	−0.004%	$507	$160K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.16	−0.056%	$996	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.63	+0.147%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0029%	1h	231.31	+0.009%	$1.2M	$3.0M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.43	+0.061%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.074%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.11	−0.078%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.11	−0.078%	$1.9M	$722K	10x	as long as short
Extended IBM-USD	+0.0096%	1h	231.28	−0.006%	$54K	$235K	10x	as long as short
Binance IBMUSDT	+0.0098%	8h	231.36	+0.031%	$3.9M	$5.2M	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.16	−0.056%	$194K	$33K	20x	as long as short