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 +0.006%

Price spread now: Gate against Aster+0.021%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1551.550% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.021%, 7d avg −0.013%

Together, before fees+0.138%+ Points / potential airdropAster: Stage 5 · farm board+$14 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: Gate is 0.034% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.21	0	get 0.0000% / 8h	1h 47m	$13K	$127K	20x
Short	Gate IBM_USDT	232.26	0	get 0.0000% / 8h	1h 47m	$752K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.013%: $3.42
Slippage, 4 orders: −$132
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$151.58
Costs to cover: 1.550%
Break-even: never at this rate

Slippage from Aster: live order book, 58 min ago; Gate: live order book, 5 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, 58 min ago	29.73 bp	58.3 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.23 bp	18.2 bp −$18	222.6 bp −$2,226	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
BloFin IBM-USDT	−0.0026%	8h	232.29	+0.034%	$47K	$56K	20x	as long as short
Aster IBMUSDTlong	0.0000%	8h	232.21	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.13	−0.037%	$57K	$238K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.19	−0.009%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.13	−0.035%	$1.0M	$356K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.14	−0.031%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	232.26	+0.021%	$752K	$1.5M	50x
Bitget IBMUSDT	0.0000%	8h	232.22	+0.004%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.31	+0.041%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.29	+0.034%	$834	$164K	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	232.08	−0.056%	$1K	$472K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.45	+0.103%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.23	+0.008%	$38K	$48K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.419%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.06	−0.065%	—	—	25x	as long as short
QFEX IBM-USD	+0.0049%	1h	232.22	+0.004%	$1.2M	$2.1M	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.02	−0.082%	$1.8M	$817K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.18	−0.013%	$195K	$44K	20x	as long as short