Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.040%

Price spread now: Aster against Extended−0.036%7-day average +0.038% · you buy dearer than you sell

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

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.036%, 7d avg +0.038%

Together, before fees−0.006%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$1 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: Aster is 0.074% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	231.43	0	get 0.0000% / 1h	38m 41s	$53K	$235K	10x
Short	Aster IBMUSDT	231.35	0	get 0.0000% / 8h	4h 38m	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.038%: −$7.37
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20.37
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 18 min ago; Aster: live order book, 17 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 Extended live order book, 18 min ago	2.16 bp	16.2 bp −$16	122.2 bp −$1,222	doesn't fit	doesn't fit
Sell Aster live order book, 17 min ago	35.60 bp	74.3 bp −$74	doesn't fit	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	−0.0022%	8h	231.36	−0.031%	$47K	$51K	20x	as long as short
Aster IBMUSDTshort	0.0000%	8h	231.35	−0.036%	$13K	$127K	20x
Extended IBM-USDlong	0.0000%	1h	231.43	long leg	$53K	$235K	10x
Binance IBMUSDT	0.0000%	8h	231.49	+0.025%	$3.9M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.27	−0.070%	$980K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.46	+0.012%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.47	+0.016%	$804K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.47	+0.016%	$786K	$341K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.38	−0.022%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.39	−0.018%	$467	$158K	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	231.24	−0.083%	$756	$481K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.86	+0.185%	$5K	$34K	20x	as long as short
tradeXYZ xyz:IBM	+0.0008%	1h	231.26	−0.074%	$1.9M	$756K	10x	as long as short
QFEX IBM-USD	+0.0026%	1h	231.37	−0.027%	$1.2M	$2.5M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.38	−0.023%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.128%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.33	−0.044%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.42	−0.005%	$194K	$34K	20x	as long as short