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 +0.048%

Price spread now: Binance against Aster+0.025%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1521.519% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.025%, 7d avg 0.000%

Together, before fees+0.186%+ Points / potential airdropAster: Stage 5 · farm board+$19 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: Binance is 0.024% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.28	0	get 0.0000% / 8h	2h 01m	$13K	$127K	20x
Short	Binance IBMUSDT	232.34	0	get 0.0000% / 8h	2h 01m	$3.8M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → 0.000%: $2.42
Slippage, 4 orders: −$133.86
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$149.43
Costs to cover: 1.519%
Break-even: never at this rate

Slippage from Aster: live order book, 44 min ago; Binance: live order book, 6 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 Aster live order book, 44 min ago	29.73 bp	58.3 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.22 bp	13.1 bp −$13	35.6 bp −$356	140.4 bp −$14.0K	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	−0.0015%	8h	232.50	+0.093%	$46K	$53K	20x	as long as short
Aster IBMUSDTlong	0.0000%	8h	232.28	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.27	−0.005%	$53K	$234K	10x	as long as short
Binance IBMUSDTshort	0.0000%	8h	232.34	+0.025%	$3.8M	$5.5M	20x
Bybit IBMUSDT	0.0000%	8h	232.21	−0.031%	$983K	$341K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.25	−0.014%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.34	+0.025%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.24	−0.018%	$790K	$327K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.32	+0.018%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.28	+0.001%	$56	$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	232.19	−0.040%	$1K	$473K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.44	+0.068%	$6K	$33K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.26	−0.010%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.15	−0.057%	$38K	$48K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.446%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.10	−0.079%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.03	−0.109%	$1.8M	$808K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.25	−0.014%	$195K	$43K	20x	as long as short