Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.040%

Price spread now: HTX against Extended+0.090%7-day average — · you sell dearer than you buy

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

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.090% dearer against Extended than usual: you sell high and buy low (spread +0.090% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	231.54	0.0056	pay 0.0007% / 1h	30m 08s	$53K	$238K	10x
Short	HTX IBM-USDT	231.75	0	get 0.0000% / 8h	5h 30m	$5K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$11.76
Price spread: +0.090% → 0.000%: $8.96
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 32 min ago; HTX: 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 Extended live order book, 32 min ago	1.08 bp	15.4 bp −$15	187.4 bp −$1,874	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 IBMUSDT	0.0000%	8h	231.43	−0.049%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.46	−0.036%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.47	−0.031%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.55	+0.003%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.60	+0.025%	$789K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.57	+0.011%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.52	−0.008%	$519	$158K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.31	−0.100%	$766	$486K	10x	as long as short
HTX IBM-USDTshort	0.0000%	8h	231.75	+0.090%	$5K	$33K	20x
Lighter IBM	+0.0032%	1h	231.51	−0.014%	$38K	$43K	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	−13.169%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.52	−0.010%	$1.2M	$2.7M	10x	as long as short
BloFin IBM-USDT	+0.0041%	8h	231.62	+0.033%	$47K	$52K	20x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.36	−0.079%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.070%	$1.9M	$726K	10x	as long as short
Extended IBM-USDlong	+0.0056%	1h	231.54	long leg	$53K	$238K	10x
Binance IBMUSDT	+0.0059%	8h	231.62	+0.031%	$3.9M	$5.3M	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.55	+0.003%	$194K	$33K	20x	as long as short