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 0.000%

Price spread now: Aster against HTX−0.119%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.119% cheaper against HTX than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX IBM-USDT	232.39	0	get 0.0000% / 8h	2h 50m	$6K	$33K	20x
Short	Aster IBMUSDT	232.11	0	get 0.0000% / 8h	2h 50m	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → 0.000%: −$11.89
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$31.89
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Aster: live order book, 61 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 HTX no order-book sample	—	—	—	—	—
Sell Aster live order book, 61 min ago	24.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

HTX: 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	−0.0006%	8h	232.18	−0.090%	$47K	$52K	20x	as long as short
Aster IBMUSDTshort	0.0000%	8h	232.11	−0.119%	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.09	−0.130%	$53K	$234K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.14	−0.107%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.02	−0.159%	$984K	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.11	−0.120%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.20	−0.082%	$808K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.96	−0.185%	$787K	$322K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.11	−0.121%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.12	−0.115%	$778	$161K	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	231.93	−0.198%	$976	$476K	10x	as long as short
HTX IBM-USDTlong	0.0000%	8h	232.39	long leg	$6K	$33K	20x
QFEX IBM-USD	+0.0030%	1h	232.04	−0.151%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.97	−0.181%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.486%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.94	−0.194%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.90	−0.211%	$1.8M	$802K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.02	−0.159%	$195K	$35K	20x	as long as short