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: Bybit against Aster+0.032%7-day average −0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1491.485% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.032%, 7d avg −0.076%

Together, before fees−0.090%+ Points / potential airdropAster: Stage 5 · farm board−$9 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: Bybit is 0.108% dearer against Aster than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.41	0	get 0.0000% / 8h	5h 55m	$13K	$127K	20x
Short	Bybit IBMUSDT	231.48	0	get 0.0000% / 8h	5h 55m	$974K	$346K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.076%: $10.81
Slippage, 4 orders: −$129.5
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$137.69
Costs to cover: 1.485%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Bybit: live order book, 5 min ago.

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, 6 min ago	41.61 bp	51.5 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.59 bp	11.7 bp −$12	82.3 bp −$823	doesn't fit	doesn't fit

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 IBMUSDTlong	0.0000%	8h	231.41	long leg	$13K	$127K	20x
Bybit IBMUSDTshort	0.0000%	8h	231.48	+0.032%	$974K	$346K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	231.56	+0.067%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.57	+0.071%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.60	+0.084%	$792K	$335K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.61	+0.087%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.33	−0.032%	$886	$486K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.98	+0.248%	$5K	$34K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.52	+0.050%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.118%	—	$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	231.55	+0.063%	$1.2M	$2.8M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.002%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.42	+0.006%	$1.9M	$725K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0087%	8h	231.59	+0.078%	$192	$158K	10x	as long as short
Binance IBMUSDT	+0.0095%	8h	231.64	+0.101%	$3.9M	$5.2M	20x	as long as short
Extended IBM-USD	+0.0096%	1h	231.59	+0.078%	$53K	$235K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.56	+0.067%	$194K	$33K	20x	as long as short