Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.083%

Price spread now: HTX against GRVT+0.069%7-day average — · you sell dearer than you buy

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

Long on GRVT 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 airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.069% dearer against GRVT than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT IBM_USDT_Perp	232.29	0	get 0.0000% / 8h	1h 45m	$834	$164K	10x
Short	HTX IBM-USDT	232.45	0	get 0.0000% / 8h	1h 45m	$6K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GRVT. 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 GRVTbpFee HTXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → 0.000%: $6.89
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$14.11
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 57 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 GRVT live order book, 57 min ago	1.94 bp	12.2 bp −$12	doesn't fit	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
BloFin IBM-USDT	−0.0011%	8h	232.29	0.000%	$47K	$56K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.19	−0.041%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.19	−0.044%	$57K	$238K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.24	−0.022%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.10	−0.082%	$1.0M	$356K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.20	−0.039%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.24	−0.022%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.22	−0.030%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.22	−0.030%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perplong	0.0000%	8h	232.29	long leg	$834	$164K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	232.07	−0.095%	$1K	$472K	10x	as long as short
HTX IBM-USDTshort	0.0000%	8h	232.45	+0.069%	$6K	$33K	20x
Lighter IBM	+0.0032%	1h	232.27	−0.009%	$38K	$48K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.449%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.04	−0.108%	—	—	25x	as long as short
QFEX IBM-USD	+0.0049%	1h	232.17	−0.052%	$1.2M	$2.1M	10x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.97	−0.138%	$1.8M	$818K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.16	−0.056%	$194K	$45K	20x	as long as short