Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Aster+0.012%7-day average −0.011% · you sell dearer than you buy

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

Long on Aster Short on Gate

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)−0.013%−$1 · spread now +0.012%, 7d avg −0.011%

Together, before fees+0.093%+ 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: Gate is 0.022% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.18	0	get 0.0000% / 8h	7h 30m	$13K	$127K	20x
Short	Gate IBM_USDT	232.21	0	get 0.0000% / 8h	7h 30m	$741K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.011%: $2.21
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.79
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Gate: live order book, 2 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 Aster live order book, 1 min ago	28.20 bp	59.5 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.01 bp	15.6 bp −$16	190.3 bp −$1,903	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	−0.0014%	8h	232.29	+0.046%	$47K	$60K	20x	as long as short
Aster IBMUSDTlong	0.0000%	8h	232.18	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.11	−0.033%	$57K	$315K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.21	+0.010%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.03	−0.066%	$1.0M	$336K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.09	−0.040%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	232.21	+0.012%	$741K	$1.4M	50x
Bitget IBMUSDT	0.0000%	8h	232.16	−0.010%	$780K	$327K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.14	−0.020%	$255K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.23	+0.020%	$376	$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	232.03	−0.066%	$1K	$456K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.26	+0.033%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.19	+0.003%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.409%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0036%	1h	232.12	−0.027%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.13	−0.023%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.94	−0.105%	$1.8M	$808K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.14	−0.019%	$194K	$83K	20x	as long as short