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: Aster against Gate−0.051%7-day average +0.013% · you buy dearer than you sell

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

Long on Gate Short on Aster

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)−0.001%$0 · spread now −0.051%, 7d avg +0.013%

Together, before fees−0.108%+ Points / potential airdropAster: Stage 5 · farm board−$11 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 0.064% cheaper against Gate than usual: you would sell low and buy high, −$6 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	Gate IBM_USDT	232.26	0	get 0.0000% / 8h	1h 00m	$751K	$1.5M	50x
Short	Aster IBMUSDT	232.14	0	get 0.0000% / 8h	1h 00m	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → +0.013%: −$6.44
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$29.44
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Aster: live order book, 40 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 Gate live order book, 2 min ago	3.01 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 40 min ago	22.83 bp	doesn't fit	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	−0.0013%	8h	232.30	+0.017%	$47K	$55K	20x	as long as short
Aster IBMUSDTshort	0.0000%	8h	232.14	−0.051%	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.20	−0.028%	$53K	$319K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.26	0.000%	$3.8M	$5.6M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.12	−0.060%	$1.0M	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.23	−0.013%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTlong	0.0000%	8h	232.26	long leg	$751K	$1.5M	50x
Bitget IBMUSDT	0.0000%	8h	232.25	−0.004%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.22	−0.015%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.27	+0.005%	$5	$166K	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	232.06	−0.086%	$1K	$471K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.45	+0.082%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.27	+0.004%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.438%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.03	−0.099%	—	—	25x	as long as short
QFEX IBM-USD	+0.0049%	1h	232.16	−0.043%	$1.2M	$2.0M	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.97	−0.125%	$1.8M	$800K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.26	0.000%	$195K	$46K	20x	as long as short