Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%

Price spread now: HTX against tradeXYZ+0.185%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on HTX

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 airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.185% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:IBM	231.99	0.0050	pay 0.0006% / 1h	8m 50s	$1.8M	$808K	10x
Short	HTX IBM-USDT	232.42	0	get 0.0000% / 8h	2h 08m	$6K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$10.5
Price spread: +0.185% → 0.000%: $18.54
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$21.96
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 min ago; HTX: 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 tradeXYZ live order book, 9 min ago	1.51 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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	232.07	+0.034%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.20	+0.092%	$53K	$239K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.27	+0.121%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.10	+0.047%	$984K	$340K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.26	+0.116%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.28	+0.125%	$753K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.24	+0.108%	$790K	$327K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.27	+0.123%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.28	+0.123%	$362	$162K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.06	+0.030%	$852	$474K	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-USDTshort	0.0000%	8h	232.42	+0.185%	$6K	$33K	20x
BloFin IBM-USDT	+0.0007%	8h	232.14	+0.065%	$46K	$52K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.20	+0.091%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.04	+0.022%	$38K	$48K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.337%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.03	+0.017%	—	—	25x	as long as short
tradeXYZ xyz:IBMlong	+0.0050%	1h	231.99	long leg	$1.8M	$808K	10x
KuCoin IBMUSDTM	+0.0100%	8h	232.13	+0.060%	$195K	$42K	20x	as long as short