Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against HTX−13.367%65s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, the price is against you. Injective is 13.367% cheaper against HTX than usual: you would sell low and buy high (spread −13.367% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,337 on $10k: about years of funding at the current rate (+$1 a day). The two prices were read 65 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	232.07	0	get 0.0000% / 8h	7h 52m	$6K	$33K	20x
Short	Injective IBM/USDC PERP	201.05	0.0033	get 0.0004% / 1h	52m 15s	—	$57	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −13.367%Rate

Funding earned: $7
Price spread: −13.367% → 0.000%: −$1,336.67
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,341.69
Costs to cover: 0.120%
Break-even: 1348.7 days

Slippage unknown: HTX: no order-book sample; Injective: 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 HTX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

HTX and Injective: 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	−0.0003%	8h	231.99	−0.034%	$47K	$60K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.99	−0.033%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.01	−0.025%	$53K	$311K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.10	+0.013%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.92	−0.065%	$1.0M	$350K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.17	+0.043%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.14	+0.030%	$742K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.08	+0.004%	$779K	$334K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.81	−0.113%	$256K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.97	−0.043%	$540	$167K	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	231.98	−0.039%	$1K	$455K	10x	as long as short
HTX IBM-USDTlong	0.0000%	8h	232.07	long leg	$6K	$33K	20x
tradeXYZ xyz:IBM	+0.0021%	1h	231.84	−0.099%	$1.8M	$801K	10x	as long as short
Lighter IBM	+0.0032%	1h	232.16	+0.039%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERPshort	+0.0033%	1h	201.05	−13.367%	—	$57	12x
QFEX IBM-USD	+0.0036%	1h	231.98	−0.039%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.02	−0.022%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.95	−0.052%	$194K	$62K	20x	as long as short