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 +0.048%

Price spread now: Binance against HTX−0.009%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Binance

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX IBM-USDT	232.39	0	get 0.0000% / 8h	2h 36m	$6K	$33K	20x
Short	Binance IBMUSDT	232.37	0	get 0.0000% / 8h	2h 36m	$3.8M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → 0.000%: −$0.89
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.89
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Binance: live order book, 1 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 HTX no order-book sample	—	—	—	—	—
Sell Binance live order book, 1 min ago	0.22 bp	13.2 bp −$13	38.8 bp −$388	135.6 bp −$13.6K	doesn't fit

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	−0.0029%	8h	232.29	−0.043%	$47K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.26	−0.056%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.30	−0.039%	$57K	$234K	10x	as long as short
Binance IBMUSDTshort	0.0000%	8h	232.37	−0.009%	$3.8M	$5.5M	20x
Bybit IBMUSDT	0.0000%	8h	232.22	−0.073%	$984K	$340K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.30	−0.039%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.30	−0.039%	$806K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.33	−0.026%	$790K	$325K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.00	−0.168%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.96	−0.185%	$93	$160K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	231.69	−0.301%	$1K	$475K	10x	as long as short
HTX IBM-USDTlong	0.0000%	8h	232.39	long leg	$6K	$33K	20x
QFEX IBM-USD	+0.0030%	1h	232.29	−0.043%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.14	−0.108%	$38K	$44K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.486%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.11	−0.120%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.12	−0.116%	$1.8M	$801K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.22	−0.073%	$195K	$37K	20x	as long as short