Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.018%

Price spread now: HTX against Extended−0.042%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.042% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	233.21	0.0224	pay 0.0028% / 1h	7m 25s	$55K	$307K	10x
Short	HTX IBM-USDT	233.11	0	get 0.0000% / 8h	4h 07m	$7K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$47.04
Price spread: −0.042% → 0.000%: −$4.23
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$68.27
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 33 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 Extended live order book, 33 min ago	0.43 bp	13.9 bp −$14	127.5 bp −$1,275	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 exchanges

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	232.97	−0.103%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	233.17	−0.017%	$1.0M	$302K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	233.32	+0.048%	$1.4M	$1.0M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	233.35	+0.061%	$748K	$1.3M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	233.33	+0.052%	$781K	$271K	20x	as long as short
SunX IBM-USDT	0.0000%	8h	233.07	−0.059%	$960	$356K	10x	as long as short
HTX IBM-USDTshort	0.0000%	8h	233.11	−0.042%	$7K	$34K	20x
QFEX IBM-USD	+0.0014%	1h	233.20	−0.004%	$1.2M	$2.0M	10x	as long as short
Variational Omni IBM	+0.0019%	8h	233.24	+0.013%	$258K	$13K	—	as long as short
Lighter IBM	+0.0032%	1h	233.20	−0.004%	$37K	$45K	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.790%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	233.16	−0.021%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	233.09	−0.051%	$1.8M	$781K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	233.27	+0.026%	$197K	$307K	20x	as long as short
BloFin IBM-USDT	+0.0210%	8h	233.33	+0.052%	$47K	$65K	20x	as long as short
Extended IBM-USDlong	+0.0224%	1h	233.21	long leg	$55K	$307K	10x
Binance IBMUSDT	+0.0230%	8h	233.28	+0.032%	$3.8M	$4.6M	20x	as long as short
GRVT IBM_USDT_Perp	+0.0785%	8h	233.23	+0.009%	$464	$154K	10x	as long as short