Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Extended against Aster+0.134%7-day average −0.046% · you sell dearer than you buy

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

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.134%, 7d avg −0.046%

Together, before fees−0.164%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$16 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: Extended is 0.180% dearer against Aster than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.16	0	get 0.0000% / 8h	3h 30m	$13K	$124K	20x
Short	Extended IBM-USD	231.47	0	get 0.0000% / 1h	30m 51s	$54K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → −0.046%: $17.99
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.99
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Aster: live order book, 15 min ago; Extended: live order book, 16 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, 15 min ago	35.96 bp	81.4 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	1.08 bp	15.2 bp −$15	157.6 bp −$1,576	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	231.16	long leg	$13K	$124K	20x
Extended IBM-USDshort	0.0000%	1h	231.47	+0.134%	$54K	$202K	10x
Binance IBMUSDT	0.0000%	8h	231.48	+0.140%	$3.9M	$5.7M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.31	+0.064%	$973K	$375K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.39	+0.099%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.38	+0.095%	$810K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.47	+0.134%	$822K	$392K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.29	+0.055%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.34	+0.076%	$9	$172K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.02	−0.061%	$774	$532K	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	231.82	+0.285%	$5K	$34K	20x	as long as short
BloFin IBM-USDT	+0.0025%	8h	231.48	+0.138%	$46K	$52K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.29	+0.056%	$38K	$50K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.026%	—	$57	12x	as long as short
tradeXYZ xyz:IBM	+0.0041%	1h	231.29	+0.056%	$2.0M	$790K	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.35	+0.082%	—	—	25x	as long as short
QFEX IBM-USD	+0.0049%	1h	231.44	+0.121%	$1.2M	$3.0M	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.25	+0.038%	$195K	$34K	20x	as long as short