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 0.000%

Price spread now: Bybit against Aster−0.103%7-day average −0.074% · you buy dearer than you sell

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.103%, 7d avg −0.074%

Together, before fees+0.042%+ Points / potential airdropAster: Stage 5 · farm board+$4 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: Bybit is 0.029% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.28	0	get 0.0000% / 8h	52m 11s	$13K	$127K	20x
Short	Bybit IBMUSDT	232.04	0	get 0.0000% / 8h	52m 11s	$1.0M	$354K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.074%: −$2.85
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.85
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 49 min ago; Bybit: live order book, 3 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 Aster live order book, 49 min ago	22.83 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.02 bp	11.9 bp −$12	81.2 bp −$812	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 IBMUSDTlong	0.0000%	8h	232.28	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.10	−0.077%	$53K	$319K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.16	−0.051%	$3.8M	$5.6M	20x	as long as short
Bybit IBMUSDTshort	0.0000%	8h	232.04	−0.103%	$1.0M	$354K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	232.08	−0.085%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.17	−0.047%	$750K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.23	−0.021%	$780K	$350K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.12	−0.067%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.19	−0.038%	$910	$167K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.97	−0.133%	$1K	$471K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.12	−0.068%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0024%	8h	232.15	−0.055%	$47K	$59K	20x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.444%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.08	−0.085%	$1.2M	$2.0M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.95	−0.141%	—	—	25x	as long as short
Lighter IBM	+0.0048%	1h	232.26	−0.008%	$38K	$49K	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.90	−0.163%	$1.8M	$797K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.12	−0.068%	$195K	$48K	20x	as long as short