Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against HTX−0.151%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.151% cheaper against HTX than usual: you would sell low and buy high (spread −0.151% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 10 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX IBM-USDT	231.58	0	get 0.0000% / 8h	6h 14m	$5K	$34K	20x
Short	tradeXYZ xyz:IBM	231.23	0.0050	get 0.0006% / 1h	14m 36s	$1.9M	$722K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.151%Rate

Funding earned: $10.5
Price spread: −0.151% → 0.000%: −$15.11
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$34.61
Costs to cover: 0.300%
Break-even: 30.1 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	1.51 bp	13.0 bp −$13	doesn't fit	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 17 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	231.23	−0.150%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.28	−0.130%	$973K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.30	−0.121%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.34	−0.104%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.42	−0.069%	$791K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.36	−0.094%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.12	−0.199%	$1K	$487K	10x	as long as short
HTX IBM-USDTlong	0.0000%	8h	231.58	long leg	$5K	$34K	20x
QFEX IBM-USD	+0.0029%	1h	231.31	−0.117%	$1.2M	$2.9M	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.183%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IBM-USD-PERP	+0.0046%	1h	231.22	−0.155%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.23	−0.151%	$1.9M	$722K	10x
GRVT IBM_USDT_Perp	+0.0067%	8h	231.37	−0.091%	$315	$160K	10x	as long as short
Binance IBMUSDT	+0.0094%	8h	231.41	−0.074%	$3.9M	$5.2M	20x	as long as short
Lighter IBM	+0.0096%	1h	231.51	−0.030%	$38K	$43K	10x	as long as short
Extended IBM-USD	+0.0096%	1h	231.35	−0.098%	$53K	$237K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.30	−0.121%	$194K	$33K	20x	as long as short