Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.040%

Price spread now: Extended against HTX−0.168%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 Extended

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

Funding pays, the price is against you. Extended is 0.168% cheaper against HTX than usual: you would sell low and buy high (spread −0.168% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 8.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX IBM-USDT	231.91	0	get 0.0000% / 8h	5h 31m	$5K	$33K	20x
Short	Extended IBM-USD	231.52	0.0064	get 0.0008% / 1h	31m 37s	$53K	$238K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.168%Rate

Funding earned: $13.44
Price spread: −0.168% → 0.000%: −$16.82
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.38
Costs to cover: 0.170%
Break-even: 17.6 days

Slippage unknown: HTX: no order-book sample; Extended: live order book, 30 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 Extended live order book, 30 min ago	1.08 bp	15.0 bp −$15	175.9 bp −$1,759	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	−0.203%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.45	−0.198%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.47	−0.190%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.54	−0.160%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.58	−0.142%	$789K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.53	−0.164%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.52	−0.166%	$519	$158K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.31	−0.259%	$766	$486K	10x	as long as short
HTX IBM-USDTlong	0.0000%	8h	231.91	long leg	$5K	$33K	20x
Lighter IBM	+0.0032%	1h	231.50	−0.177%	$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	−13.307%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.51	−0.172%	$1.2M	$2.7M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.36	−0.237%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.36	−0.237%	$1.9M	$726K	10x	as long as short
BloFin IBM-USDT	+0.0059%	8h	231.57	−0.147%	$47K	$52K	20x	as long as short
Binance IBMUSDT	+0.0060%	8h	231.60	−0.133%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USDshort	+0.0064%	1h	231.52	−0.168%	$53K	$238K	10x
KuCoin IBMUSDTM	+0.0100%	8h	231.52	−0.168%	$194K	$33K	20x	as long as short