Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.013%

Price spread now: Aster against QFEX−0.139%7-day average +0.040% · you buy dearer than you sell

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

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.139%, 7d avg +0.040%

Together, before fees+0.122%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Aster is 0.179% cheaper against QFEX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX IBM-USD	231.39	0.0016	pay 0.0002% / 1h	45m 15s	$1.2M	$3.2M	10x
Short	Aster IBMUSDT	231.07	0	get 0.0000% / 8h	1h 45m	$13K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$3.46
Price spread: −0.139% → +0.040%: −$17.92
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.38
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; Aster: live order book, 36 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 QFEX live order book, 3 min ago	1.73 bp	7.2 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Aster live order book, 36 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	231.07	−0.139%	$13K	$126K	20x
Extended IBM-USD	0.0000%	1h	231.41	+0.007%	$54K	$202K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.45	+0.026%	$3.9M	$5.8M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.27	−0.052%	$976K	$381K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.34	−0.022%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.39	0.000%	$807K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.44	+0.022%	$798K	$400K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.44	+0.020%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.35	−0.017%	$814	$536K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.71	+0.138%	$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
BloFin IBM-USDT	+0.0015%	8h	231.44	+0.022%	$46K	$52K	20x	as long as short
QFEX IBM-USDlong	+0.0016%	1h	231.39	long leg	$1.2M	$3.2M	10x
Lighter IBM	+0.0032%	1h	231.41	+0.009%	$38K	$50K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.112%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.22	−0.073%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.20	−0.082%	$2.0M	$813K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.23	−0.069%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0219%	8h	231.42	+0.013%	$30	$175K	10x	as long as short