Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Variational Omni against Aster−0.146%7-day average −0.018% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)+0.293%+$29 · spread now −0.146%, 7d avg −0.018%

Together, before fees+0.300%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$30 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: Variational Omni is 0.127% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IBMUSDT	231.91	0	get 0.0000% / 8h	20m 18s	$13K	$127K	20x
Short	Variational Omni IBM	231.57	0	get 0.0000% / 8h	20m 18s	$256K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → −0.018%: −$12.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.74
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 56 min ago; Variational Omni: RFQ quote, 59 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, 56 min ago	32.39 bp	56.0 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 59 min ago	2.79 bp	doesn't fit	55.8 bp −$558	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	231.91	long leg	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.41	−0.214%	$976K	$376K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.49	−0.180%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.52	−0.167%	$797K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.52	−0.167%	$798K	$404K	20x	as long as short
Variational Omni IBMshort	0.0000%	8h	231.57	−0.146%	$256K	$15K	—
SunX IBM-USDT	0.0000%	8h	231.30	−0.262%	$932	$534K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.89	−0.007%	$5K	$33K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.45	−0.197%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.54	−0.158%	$38K	$47K	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	−13.306%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.218%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.36	−0.236%	$2.0M	$808K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.42	−0.210%	$194K	$34K	20x	as long as short
Binance IBMUSDT	+0.0173%	8h	231.52	−0.167%	$3.9M	$5.8M	20x	as long as short
Extended IBM-USD	+0.0176%	1h	231.48	−0.186%	$54K	$202K	10x	as long as short
BloFin IBM-USDT	+0.0195%	8h	231.58	−0.141%	$46K	$52K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0418%	8h	231.54	−0.158%	$621	$170K	10x	as long as short