Funding arb · Price arb /

IBM

RWAall IBM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.018%

Price spread now: HTX against Extended−0.181%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 −$2 a day on $10k at the current rate, and HTX is 0.181% cheaper against Extended than usual: you would sell low and buy high (−$18 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	232.99	0.0064	pay 0.0008% / 1h	53m 38s	$53K	$307K	10x
Short	HTX IBM-USDT	232.57	0	get 0.0000% / 8h	4h 53m	$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 −0.181%Rate

Funding earned: −$13.44
Price spread: −0.181% → 0.000%: −$18.06
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.5
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 52 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, 52 min ago	1.29 bp	15.0 bp −$15	142.7 bp −$1,427	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	232.72	−0.117%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.87	−0.052%	$998K	$309K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.96	−0.013%	$1.4M	$1.0M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	233.08	+0.038%	$744K	$1.3M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.97	−0.009%	$780K	$279K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.75	−0.102%	$258K	$14K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.69	−0.129%	$607	$377K	10x	as long as short
HTX IBM-USDTshort	0.0000%	8h	232.57	−0.181%	$7K	$34K	20x
QFEX IBM-USD	+0.0014%	1h	232.99	0.000%	$1.2M	$2.0M	10x	as long as short
BloFin IBM-USDT	+0.0026%	8h	232.80	−0.082%	$48K	$63K	20x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	232.80	−0.082%	$37K	$44K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.709%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.83	−0.069%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	232.80	−0.082%	$1.8M	$787K	10x	as long as short
Binance IBMUSDT	+0.0062%	8h	233.07	+0.034%	$3.8M	$4.7M	20x	as long as short
Extended IBM-USDlong	+0.0064%	1h	232.99	long leg	$53K	$307K	10x
KuCoin IBMUSDTM	+0.0100%	8h	232.81	−0.078%	$195K	$256K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0651%	8h	232.79	−0.085%	$2	$151K	10x	as long as short