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 +0.045%

Price spread now: GRVT against HTX−0.159%77s7-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 GRVT

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: GRVT is 0.159% cheaper against HTX than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 77 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	232.00	0	get 0.0000% / 8h	7h 38m	$5K	$34K	20x
Short	GRVT IBM_USDT_Perp	231.63	0	get 0.0000% / 8h	7h 38m	$283	$165K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.159%Rate

Funding earned: $0
Price spread: −0.159% → 0.000%: −$15.92
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$36.92
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; GRVT: 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 GRVT live order book, 30 min ago	3.02 bp	16.5 bp −$17	doesn't fit	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	231.55	−0.193%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.42	−0.250%	$976K	$358K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.59	−0.177%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.50	−0.216%	$802K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.54	−0.198%	$792K	$356K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.56	−0.190%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perpshort	0.0000%	8h	231.63	−0.159%	$283	$165K	10x
SunX IBM-USDT	0.0000%	8h	231.38	−0.267%	$1K	$514K	10x	as long as short
HTX IBM-USDTlong	0.0000%	8h	232.00	long leg	$5K	$34K	20x
QFEX IBM-USD	+0.0025%	1h	231.47	−0.228%	$1.2M	$3.3M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.38	−0.267%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.341%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.44	−0.241%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.36	−0.276%	$1.9M	$727K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.50	−0.216%	$195K	$33K	20x	as long as short
Extended IBM-USD	+0.0192%	1h	231.51	−0.211%	$53K	$289K	10x	as long as short
Binance IBMUSDT	+0.0192%	8h	231.56	−0.190%	$3.9M	$5.3M	20x	as long as short
BloFin IBM-USDT	+0.0219%	8h	231.51	−0.211%	$46K	$52K	20x	as long as short