Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Variational Omni+0.065%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on HTX

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—+ 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: HTX is 0.065% dearer against Variational Omni than usual: you sell high and buy low, +$6 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	Variational Omni IBM	232.18	0	get 0.0000% / 8h	7h 25m	$258K	$15K	—
Short	HTX IBM-USDT	232.33	0	get 0.0000% / 8h	7h 25m	$6K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Variational Omni. 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 Variational OmnibpFee HTXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → 0.000%: $6.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$5.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 8 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 Variational Omni RFQ quote, 8 min ago	4.14 bp	doesn't fit	65.8 bp −$658	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	232.26	+0.033%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.14	−0.015%	$57K	$315K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.21	+0.013%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.05	−0.056%	$992K	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.28	+0.043%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.29	+0.047%	$742K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.14	−0.017%	$780K	$308K	20x	as long as short
Variational Omni IBMlong	0.0000%	8h	232.18	long leg	$258K	$15K	—
GRVT IBM_USDT_Perp	0.0000%	8h	232.24	+0.027%	$332	$165K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.14	−0.017%	$1K	$452K	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	232.33	+0.065%	$6K	$33K	20x
BloFin IBM-USDT	+0.0001%	8h	232.20	+0.009%	$47K	$60K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.28	+0.043%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.408%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0036%	1h	232.25	+0.030%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.25	+0.030%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.04	−0.060%	$1.8M	$811K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.21	+0.013%	$194K	$86K	20x	as long as short