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 +0.006%

Price spread now: Variational Omni against HTX−0.166%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: 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: Variational Omni is 0.166% cheaper against HTX than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX IBM-USDT	231.72	0	get 0.0000% / 8h	4h 47m	$5K	$34K	20x
Short	Variational Omni IBM	231.33	0	get 0.0000% / 8h	4h 47m	$256K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.166%Rate

Funding earned: $0
Price spread: −0.166% → 0.000%: −$16.64
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.64
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Variational Omni: RFQ quote, 12 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 Variational Omni RFQ quote, 12 min ago	2.79 bp	doesn't fit	20.9 bp −$209	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
BloFin IBM-USDT	−0.0020%	8h	231.40	−0.138%	$47K	$51K	20x	as long as short
tradeXYZ xyz:IBM	−0.0001%	1h	231.15	−0.246%	$1.9M	$756K	10x	as long as short
Aster IBMUSDT	0.0000%	8h	231.22	−0.215%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.26	−0.199%	$979K	$348K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.40	−0.138%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.43	−0.125%	$804K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.40	−0.138%	$785K	$341K	20x	as long as short
Variational Omni IBMshort	0.0000%	8h	231.33	−0.166%	$256K	$15K	—
GRVT IBM_USDT_Perp	0.0000%	8h	231.41	−0.135%	$132	$159K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.20	−0.224%	$990	$483K	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	231.72	long leg	$5K	$34K	20x
Binance IBMUSDT	+0.0006%	8h	231.37	−0.151%	$3.9M	$5.4M	20x	as long as short
Extended IBM-USD	+0.0008%	1h	231.29	−0.186%	$53K	$235K	10x	as long as short
QFEX IBM-USD	+0.0026%	1h	231.31	−0.177%	$1.2M	$2.5M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.32	−0.173%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.236%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.24	−0.207%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.34	−0.164%	$194K	$34K	20x	as long as short