Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Aster−0.070%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.070% cheaper against Aster than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5.1 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	231.85	0	get 0.0000% / 8h	3h 15m	$13K	$127K	20x
Short	Vest IBM-USD-PERP	231.69	0.0046	get 0.0006% / 1h	15m 23s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.070%Rate

Funding earned: $9.59
Price spread: −0.070% → 0.000%: −$7.01
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$7.42
Costs to cover: 0.100%
Break-even: 12.4 days

Slippage unknown: Aster: live order book, 36 min ago; Vest: no order-book sample. 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, 36 min ago	24.41 bp	62.6 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	231.85	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	231.83	−0.012%	$53K	$237K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.88	+0.013%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.72	−0.057%	$983K	$340K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.82	−0.014%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.86	+0.003%	$803K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.67	−0.079%	$786K	$332K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.84	−0.006%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.77	−0.037%	$86	$162K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.59	−0.113%	$936	$478K	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	232.24	+0.167%	$6K	$34K	20x	as long as short
BloFin IBM-USDT	+0.0016%	8h	231.75	−0.044%	$47K	$51K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.79	−0.027%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.65	−0.087%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.285%	—	$57	12x	as long as short
Vest IBM-USD-PERPshort	+0.0046%	1h	231.69	−0.070%	—	—	25x
tradeXYZ xyz:IBM	+0.0048%	1h	231.61	−0.105%	$1.9M	$777K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.78	−0.031%	$195K	$34K	20x	as long as short