Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%

Price spread now: Aster against Extended−0.153%7-day average +0.042% · you buy dearer than you sell

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

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.153%, 7d avg +0.042%

Together, before fees+0.110%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$11 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: Aster is 0.195% cheaper against Extended than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	231.41	0	get 0.0000% / 1h	48m 58s	$54K	$202K	10x
Short	Aster IBMUSDT	231.05	0	get 0.0000% / 8h	1h 48m	$13K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → +0.042%: −$19.5
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.5
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 33 min ago; Aster: live order book, 32 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 Extended live order book, 33 min ago	1.73 bp	15.4 bp −$15	127.0 bp −$1,270	doesn't fit	doesn't fit
Sell Aster live order book, 32 min ago	42.80 bp	65.0 bp −$65	doesn't fit	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 IBMUSDTshort	0.0000%	8h	231.05	−0.153%	$13K	$126K	20x
Extended IBM-USDlong	0.0000%	1h	231.41	long leg	$54K	$202K	10x
Binance IBMUSDT	0.0000%	8h	231.44	+0.015%	$3.9M	$5.8M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.25	−0.067%	$974K	$380K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.34	−0.028%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.40	−0.002%	$807K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.44	+0.015%	$798K	$400K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.36	−0.022%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.27	−0.058%	$770	$536K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.83	+0.184%	$5K	$34K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0016%	1h	231.38	−0.011%	$1.2M	$3.2M	10x	as long as short
BloFin IBM-USDT	+0.0025%	8h	231.38	−0.011%	$46K	$52K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.38	−0.011%	$38K	$50K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.118%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.19	−0.093%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.20	−0.089%	$2.0M	$813K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.23	−0.076%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0204%	8h	231.40	−0.002%	$30	$175K	10x	as long as short