Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.014%

Price spread now: QFEX against Aster−0.161%7-day average −0.039% · you buy dearer than you sell

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

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.161%, 7d avg −0.039%

Together, before fees+0.178%+ Points / potential airdropAster: Stage 5 · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.123% cheaper against Aster than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of −0.039%). If the spread goes back, that is −$12 on $10k: about 16 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.78	0	get 0.0000% / 8h	7h 52m	$13K	$127K	20x
Short	QFEX IBM-USD	231.41	0.0025	get 0.0003% / 1h	52m 43s	$1.2M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $5.29
Price spread: −0.161% → −0.039%: −$12.26
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$24.96
Costs to cover: 0.180%
Break-even: 40.0 days

Slippage unknown: Aster: live order book, 18 min ago; QFEX: live order book, 10 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, 18 min ago	28.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 10 min ago	1.51 bp	8.2 bp −$8	13.7 bp −$137	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	231.78	long leg	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.49	−0.127%	$977K	$358K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.61	−0.075%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.54	−0.105%	$797K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.62	−0.071%	$793K	$372K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.65	−0.056%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.38	−0.174%	$1K	$522K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.03	+0.106%	$5K	$34K	20x	as long as short
QFEX IBM-USDshort	+0.0025%	1h	231.41	−0.161%	$1.2M	$3.3M	10x
Lighter IBM	+0.0032%	1h	231.48	−0.131%	$38K	$43K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.260%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.41	−0.161%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.40	−0.165%	$1.9M	$822K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.56	−0.096%	$195K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0203%	8h	231.68	−0.045%	$46K	$52K	20x	as long as short
Extended IBM-USD	+0.0216%	1h	231.58	−0.087%	$53K	$202K	10x	as long as short
Binance IBMUSDT	+0.0216%	8h	231.63	−0.066%	$3.9M	$5.6M	20x	as long as short
GRVT IBM_USDT_Perp	+0.0794%	8h	231.65	−0.059%	$584	$168K	10x	as long as short