Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.013%

Price spread now: Lighter against Aster−0.002%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.25	0	get 0.0000% / 8h	54m 13s	$13K	$127K	20x
Short	Lighter IBM	232.25	0.0064	get 0.0008% / 1h	54m 13s	$38K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.002%Rate

Funding earned: $13.44
Price spread: −0.002% → 0.000%: −$0.19
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $5.25
Costs to cover: 0.080%
Break-even: 4.3 days

Slippage unknown: Aster: live order book, 47 min ago; Lighter: no order-book sample. 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, 47 min ago	22.83 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0012%	8h	232.17	−0.036%	$47K	$55K	20x	as long as short
Aster IBMUSDTlong	0.0000%	8h	232.25	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.10	−0.068%	$53K	$319K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.16	−0.042%	$3.8M	$5.6M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.04	−0.092%	$1.0M	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.08	−0.075%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.19	−0.028%	$750K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.24	−0.006%	$780K	$350K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.12	−0.057%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.24	−0.006%	$922	$167K	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	231.97	−0.122%	$1K	$471K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.12	−0.058%	$6K	$33K	20x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.435%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.04	−0.092%	$1.2M	$2.0M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.94	−0.135%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.86	−0.170%	$1.8M	$797K	10x	as long as short
Lighter IBMshort	+0.0064%	1h	232.25	−0.002%	$38K	$49K	10x
KuCoin IBMUSDTM	+0.0100%	8h	232.15	−0.045%	$195K	$48K	20x	as long as short