Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Variational Omni+0.057%7-day average +0.014% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.461%−$46 · spread now +0.057%, 7d avg +0.014%

Together, before fees−0.467%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$47 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 0.043% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IBM	232.14	0	get 0.0000% / 8h	7h 25m	$255K	$13K	—
Short	Aster IBMUSDT	232.27	0	get 0.0000% / 8h	7h 25m	$13K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.014%: $4.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$3.7
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 8 min ago; Aster: live order book, 5 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 Variational Omni RFQ quote, 8 min ago	4.14 bp	doesn't fit	65.8 bp −$658	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	28.20 bp	doesn't fit	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	232.27	+0.057%	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.14	+0.003%	$57K	$315K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.21	+0.032%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.09	−0.020%	$1.0M	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.28	+0.062%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.28	+0.062%	$742K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.11	−0.012%	$780K	$314K	20x	as long as short
Variational Omni IBMlong	0.0000%	8h	232.14	long leg	$255K	$13K	—
GRVT IBM_USDT_Perp	0.0000%	8h	232.20	+0.028%	$376	$166K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.14	+0.001%	$1K	$452K	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	232.33	+0.083%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0001%	8h	232.20	+0.027%	$47K	$60K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.28	+0.062%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.392%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0036%	1h	232.25	+0.049%	$1.2M	$2.0M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.25	+0.049%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.08	−0.024%	$1.8M	$810K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.21	+0.032%	$194K	$86K	20x	as long as short