IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.083%

Price spread now: Aster against GRVT−0.055%100s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1521.517% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 4 days (all we have)−0.256%−$26 · spread now −0.055%, 7d avg +0.013%

Together, before fees−0.470%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.068% cheaper against GRVT than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.013%). Swap the legs. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT IBM_USDT_Perp	231.55	0.0042	pay 0.0042% / 8h	5h 37m	$544	$158K	10x
Short	Aster IBMUSDT	231.42	0	get 0.0000% / 8h	5h 37m	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$8.82
Price spread: −0.055% → +0.013%: −$6.77
Slippage, 4 orders: −$134.66
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$167.25
Costs to cover: 1.517%
Break-even: never at this rate

Slippage from GRVT: live order book, 20 min ago; Aster: live order book, 23 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 GRVT live order book, 20 min ago	1.51 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 23 min ago	41.61 bp	74.2 bp −$74	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	231.42	−0.055%	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.43	−0.050%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.47	−0.033%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.52	−0.011%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.57	+0.010%	$789K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.51	−0.015%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.29	−0.110%	$904	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.93	+0.166%	$5K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.51	−0.015%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.170%	—	$57	12x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0035%	1h	231.37	−0.076%	$1.2M	$2.7M	10x	as long as short
GRVT IBM_USDT_Perplong	+0.0042%	8h	231.55	long leg	$544	$158K	10x
Vest IBM-USD-PERP	+0.0046%	1h	231.35	−0.085%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.36	−0.080%	$1.9M	$726K	10x	as long as short
Binance IBMUSDT	+0.0070%	8h	231.58	+0.017%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0072%	1h	231.50	−0.018%	$53K	$238K	10x	as long as short
BloFin IBM-USDT	+0.0093%	8h	231.57	+0.010%	$47K	$52K	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.51	−0.015%	$194K	$33K	20x	as long as short