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% APRpaid last 24h +0.037%

Price spread now: Extended against HTX−0.145%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 Extended

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.145% cheaper against HTX than usual: you would sell low and buy high, −$14 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	232.46	0	get 0.0000% / 8h	55m 58s	$6K	$33K	20x
Short	Extended IBM-USD	232.12	0	get 0.0000% / 1h	55m 58s	$53K	$319K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → 0.000%: −$14.46
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.46
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Extended: live order book, 46 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 Extended live order book, 46 min ago	1.08 bp	15.1 bp −$15	136.7 bp −$1,367	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
Aster IBMUSDT	0.0000%	8h	232.16	−0.128%	$13K	$127K	20x	as long as short
Extended IBM-USDshort	0.0000%	1h	232.12	−0.145%	$53K	$319K	10x
Binance IBMUSDT	0.0000%	8h	232.19	−0.116%	$3.8M	$5.6M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.10	−0.155%	$1.0M	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.11	−0.151%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.21	−0.108%	$750K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.24	−0.095%	$780K	$350K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.22	−0.101%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.27	−0.081%	$943	$167K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.97	−0.211%	$1K	$471K	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	232.46	long leg	$6K	$33K	20x
BloFin IBM-USDT	+0.0022%	8h	232.33	−0.056%	$47K	$56K	20x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.512%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.13	−0.142%	$1.2M	$2.0M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.92	−0.232%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.91	−0.237%	$1.8M	$800K	10x	as long as short
Lighter IBM	+0.0072%	1h	232.25	−0.090%	$38K	$49K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.16	−0.129%	$194K	$48K	20x	as long as short