Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Aster against Vest+0.021%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Aster is 0.021% dearer against Vest than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IBM-USD-PERP	231.43	0.0046	pay 0.0006% / 1h	52m 18s	—	—	25x
Short	Aster IBMUSDT	231.48	0	get 0.0000% / 8h	5h 52m	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$9.59
Price spread: +0.021% → 0.000%: $2.13
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.46
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Aster: live order book, 9 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 Vest no order-book sample	—	—	—	—	—
Sell Aster live order book, 9 min ago	41.61 bp	74.2 bp −$74	doesn't fit	doesn't fit	doesn't fit

Vest: 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 17 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
Aster IBMUSDTshort	0.0000%	8h	231.48	+0.021%	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.50	+0.030%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.58	+0.065%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.57	+0.060%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.60	+0.073%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.61	+0.076%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.27	−0.069%	$934	$486K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.13	+0.302%	$5K	$34K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.52	+0.039%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.127%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0035%	1h	231.58	+0.065%	$1.2M	$2.8M	10x	as long as short
Vest IBM-USD-PERPlong	+0.0046%	1h	231.43	long leg	—	—	25x
tradeXYZ xyz:IBM	+0.0050%	1h	231.43	0.000%	$1.9M	$725K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0087%	8h	231.59	+0.068%	$192	$158K	10x	as long as short
Binance IBMUSDT	+0.0095%	8h	231.67	+0.104%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0096%	1h	231.61	+0.078%	$53K	$235K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.63	+0.086%	$194K	$33K	20x	as long as short