Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Aster−0.043%7-day average −0.115% · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.043%, 7d avg −0.115%

Together, before fees+0.021%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.072% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	232.38	0	get 0.0000% / 8h	7h 19m	$13K	$127K	20x
Short	tradeXYZ xyz:IBM	232.28	0.0050	get 0.0006% / 1h	19m 43s	$1.8M	$806K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.043%Rate

Funding earned: $10.5
Price spread: −0.043% → −0.115%: $7.21
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$8.29
Costs to cover: 0.260%
Break-even: 12.5 days

Slippage unknown: Aster: live order book, 11 min ago; tradeXYZ: live order book, 8 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, 11 min ago	28.20 bp	59.5 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	1.51 bp	10.8 bp −$11	19.2 bp −$192	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	−0.0009%	8h	232.39	+0.004%	$47K	$60K	20x	as long as short
Aster IBMUSDTlong	0.0000%	8h	232.38	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.40	+0.007%	$57K	$315K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.48	+0.041%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.34	−0.017%	$993K	$336K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.51	+0.056%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.47	+0.038%	$742K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.39	+0.004%	$781K	$308K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.40	+0.007%	$258K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.23	−0.065%	$332	$165K	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	232.06	−0.138%	$933	$452K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.73	+0.150%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.48	+0.043%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.482%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0036%	1h	232.30	−0.035%	$1.2M	$2.0M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.31	−0.030%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	232.28	−0.043%	$1.8M	$806K	10x
KuCoin IBMUSDTM	+0.0100%	8h	232.26	−0.052%	$194K	$91K	20x	as long as short