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 OKX−0.100%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1711.708% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.100%, 7d avg +0.038%

Together, before fees+0.115%+ Points / potential airdropAster: Stage 5 · farm board+$12 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 0.138% cheaper against OKX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IBM-USDT-SWAP	231.25	0	get 0.0000% / 8h	2h 20m	$1.4M	$1.2M	20x
Short	Aster IBMUSDT	231.02	0	get 0.0000% / 8h	2h 20m	$13K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → +0.038%: −$13.76
Slippage, 4 orders: −$152.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$184.55
Costs to cover: 1.708%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Aster: live order book, 65 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 OKX live order book, 1 min ago	0.22 bp	18.9 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 65 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	−0.0058%	1h	231.15	−0.043%	$2.0M	$811K	10x	as long as short
BloFin IBM-USDT	−0.0009%	8h	231.28	+0.013%	$46K	$52K	20x	as long as short
Aster IBMUSDTshort	0.0000%	8h	231.02	−0.100%	$13K	$126K	20x
Extended IBM-USD	0.0000%	1h	231.24	−0.006%	$54K	$202K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.26	+0.005%	$3.9M	$5.8M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.10	−0.065%	$975K	$379K	50x	as long as short
OKX IBM-USDT-SWAPlong	0.0000%	8h	231.25	long leg	$1.4M	$1.2M	20x
Gate IBM_USDT	0.0000%	8h	231.21	−0.017%	$806K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.26	+0.004%	$821K	$387K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.22	−0.014%	$256K	$15K	—	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	231.00	−0.108%	$1K	$535K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.62	+0.160%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0018%	1h	231.27	+0.009%	$1.2M	$3.1M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.24	−0.004%	$38K	$50K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.059%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.20	−0.022%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.11	−0.061%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0126%	8h	231.27	+0.009%	$807	$176K	10x	as long as short