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 −0.006%

Price spread now: Aster against Variational Omni+0.042%7-day average +0.018% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.189%−$19 · spread now +0.042%, 7d avg +0.018%

Together, before fees−0.195%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$20 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 0.023% dearer against Variational Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IBM	231.55	0	get 0.0000% / 8h	5m 00s	$256K	$15K	—
Short	Aster IBMUSDT	231.65	0	get 0.0000% / 8h	5m 00s	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.018%: $2.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.68
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 9 min ago; Aster: live order book, 6 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 Variational Omni RFQ quote, 9 min ago	2.79 bp	doesn't fit	82.1 bp −$821	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	28.49 bp	66.4 bp −$66	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	231.65	+0.042%	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.47	−0.036%	$977K	$374K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.61	+0.024%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.63	+0.033%	$798K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.57	+0.007%	$793K	$402K	20x	as long as short
Variational Omni IBMlong	0.0000%	8h	231.55	long leg	$256K	$15K	—
SunX IBM-USDT	0.0000%	8h	231.31	−0.105%	$1K	$535K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.81	+0.111%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.49	−0.028%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.50	−0.023%	$38K	$47K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.174%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.066%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.44	−0.049%	$2.0M	$818K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.47	−0.036%	$194K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0184%	8h	231.67	+0.050%	$46K	$52K	20x	as long as short
Extended IBM-USD	+0.0208%	1h	231.52	−0.013%	$54K	$202K	10x	as long as short
Binance IBMUSDT	+0.0211%	8h	231.57	+0.007%	$3.9M	$5.8M	20x	as long as short
GRVT IBM_USDT_Perp	+0.0447%	8h	231.58	+0.011%	$611	$170K	10x	as long as short