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: OKX against Aster+0.011%7-day average −0.030% · you sell dearer than you buy

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

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.011%, 7d avg −0.030%

Together, before fees−0.031%+ Points / potential airdropAster: Stage 5 · farm board−$3 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: OKX is 0.041% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.99	0	get 0.0000% / 8h	2h 46m	$13K	$127K	20x
Short	OKX IBM-USDT-SWAP	232.02	0	get 0.0000% / 8h	2h 46m	$1.4M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.030%: $4.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$13.92
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 65 min ago; OKX: live order book, 5 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, 65 min ago	24.41 bp	62.6 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.65 bp	12.4 bp −$12	125.4 bp −$1,254	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
Aster IBMUSDTlong	0.0000%	8h	231.99	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	231.96	−0.016%	$57K	$234K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.02	+0.011%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.92	−0.032%	$984K	$337K	50x	as long as short
OKX IBM-USDT-SWAPshort	0.0000%	8h	232.02	+0.011%	$1.4M	$1.2M	20x
Gate IBM_USDT	0.0000%	8h	232.04	+0.020%	$807K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.96	−0.015%	$787K	$322K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.11	+0.050%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.08	+0.037%	$777	$161K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.82	−0.075%	$897	$477K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.28	+0.123%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0011%	8h	232.16	+0.071%	$47K	$52K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.95	−0.019%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.82	−0.075%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.338%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.80	−0.084%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.71	−0.123%	$1.8M	$803K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.95	−0.019%	$195K	$36K	20x	as long as short