Funding arb · Price arb /

IBM

RWAall IBM markets

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: Gate against HTX−0.009%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 Gate

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX IBM-USDT	233.00	0	get 0.0000% / 8h	4h 45m	$6K	$34K	20x
Short	Gate IBM_USDT	232.98	0	get 0.0000% / 8h	4h 45m	$750K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → 0.000%: −$0.86
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$27.86
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Gate: live order book, just now. 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 Gate live order book, just now	3.86 bp	23.6 bp −$24	205.2 bp −$2,052	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 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	232.77	−0.099%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.84	−0.069%	$998K	$307K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.99	−0.004%	$1.4M	$1.0M	20x	as long as short
Gate IBM_USDTshort	0.0000%	8h	232.98	−0.009%	$750K	$1.3M	50x
Bitget IBMUSDT	0.0000%	8h	232.92	−0.034%	$780K	$279K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.85	−0.064%	$258K	$14K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.71	−0.124%	$607	$375K	10x	as long as short
HTX IBM-USDTlong	0.0000%	8h	233.00	long leg	$6K	$34K	20x
QFEX IBM-USD	+0.0014%	1h	232.85	−0.064%	$1.2M	$2.0M	10x	as long as short
Lighter IBM	+0.0032%	1h	232.84	−0.069%	$37K	$44K	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	−13.712%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.87	−0.056%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.82	−0.077%	$1.8M	$790K	10x	as long as short
Extended IBM-USD	+0.0080%	1h	232.89	−0.046%	$53K	$307K	10x	as long as short
Binance IBMUSDT	+0.0084%	8h	232.98	−0.008%	$3.8M	$4.7M	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.92	−0.034%	$196K	$265K	20x	as long as short
BloFin IBM-USDT	+0.0104%	8h	232.89	−0.047%	$48K	$64K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0679%	8h	233.00	0.000%	$261	$152K	10x	as long as short