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+0.065%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 0.065% dearer against Aster than usual: you sell high and buy low, +$6 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	232.10	0	get 0.0000% / 8h	9m 43s	$13K	$127K	20x
Short	HTX IBM-USDT	232.25	0	get 0.0000% / 8h	9m 43s	$6K	$33K	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 +0.065%Rate

Funding earned: $0
Price spread: +0.065% → 0.000%: $6.45
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$13.55
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 26 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, 26 min ago	40.00 bp	139.4 bp −$139	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	232.10	long leg	$13K	$127K	20x
Extended IBM-USD	0.0000%	1h	232.16	+0.024%	$53K	$311K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.21	+0.048%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.03	−0.030%	$1.0M	$349K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.12	+0.009%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.22	+0.052%	$743K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.20	+0.043%	$780K	$346K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.19	+0.039%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.21	+0.047%	$93	$168K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.06	−0.017%	$884	$472K	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-USDTshort	0.0000%	8h	232.25	+0.065%	$6K	$33K	20x
BloFin IBM-USDT	+0.0010%	8h	232.26	+0.069%	$47K	$60K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.32	+0.095%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.378%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0043%	1h	232.13	+0.013%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.06	−0.017%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.95	−0.065%	$1.8M	$798K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.16	+0.026%	$194K	$56K	20x	as long as short