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 0.000%

Price spread now: HTX against Aster+0.111%7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · 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 0.111% dearer against Aster than usual: you sell high and buy low, +$11 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	Aster IBMUSDT	231.45	0	get 0.0000% / 8h	5h 46m	$13K	$127K	20x
Short	HTX IBM-USDT	231.71	0	get 0.0000% / 8h	5h 46m	$5K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aster. 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 AsterbpFee HTXbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → 0.000%: $11.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$8.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 14 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 Aster live order book, 14 min ago	41.61 bp	51.5 bp −$52	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 IBMUSDTlong	0.0000%	8h	231.45	long leg	$13K	$127K	20x
Bybit IBMUSDT	0.0000%	8h	231.47	+0.007%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.57	+0.050%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.53	+0.033%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.57	+0.050%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.54	+0.039%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.26	−0.084%	$934	$487K	10x	as long as short
HTX IBM-USDTshort	0.0000%	8h	231.71	+0.111%	$5K	$34K	20x
Lighter IBM	+0.0032%	1h	231.52	+0.029%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.136%	—	$57	12x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0035%	1h	231.46	+0.003%	$1.2M	$2.8M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.45	−0.002%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.36	−0.040%	$1.9M	$726K	10x	as long as short
Binance IBMUSDT	+0.0085%	8h	231.58	+0.054%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0088%	1h	231.52	+0.027%	$53K	$238K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0089%	8h	231.60	+0.063%	$192	$158K	10x	as long as short
BloFin IBM-USDT	+0.0090%	8h	231.59	+0.059%	—	$52K	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.58	+0.055%	$194K	$33K	20x	as long as short