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 0.000%

Price spread now: Bybit against HTX−0.151%53s7-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 Bybit

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.151% cheaper against HTX than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX IBM-USDT	231.79	0	get 0.0000% / 8h	3h 55m	$6K	$34K	20x
Short	Bybit IBMUSDT	231.44	0	get 0.0000% / 8h	3h 55m	$982K	$347K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → 0.000%: −$15.1
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.1
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Bybit: live order book, 60 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 Bybit live order book, 60 min ago	2.81 bp	11.1 bp −$11	69.5 bp −$695	doesn't fit	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
Aster IBMUSDT	0.0000%	8h	231.44	−0.152%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.51	−0.122%	$54K	$233K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.59	−0.086%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDTshort	0.0000%	8h	231.44	−0.151%	$982K	$347K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	231.55	−0.104%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.56	−0.099%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.58	−0.091%	$786K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.55	−0.102%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.59	−0.087%	$933	$160K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.44	−0.151%	$981	$476K	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-USDTlong	0.0000%	8h	231.79	long leg	$6K	$34K	20x
BloFin IBM-USDT	+0.0018%	8h	231.66	−0.056%	$47K	$51K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.50	−0.125%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.44	−0.151%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.262%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.37	−0.181%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.35	−0.190%	$1.9M	$763K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.57	−0.095%	$194K	$34K	20x	as long as short