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 +0.006%

Price spread now: Variational Omni against HTX−0.079%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: 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: Variational Omni is 0.079% cheaper against HTX than usual: you would sell low and buy high, −$8 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	231.75	0	get 0.0000% / 8h	5h 29m	$5K	$33K	20x
Short	Variational Omni IBM	231.57	0	get 0.0000% / 8h	5h 29m	$256K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → 0.000%: −$7.87
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.87
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Variational Omni: RFQ quote, 34 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 Variational Omni RFQ quote, 34 min ago	3.22 bp	doesn't fit	86.7 bp −$867	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	231.43	−0.140%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.47	−0.121%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.47	−0.121%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.55	−0.086%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.60	−0.065%	$789K	$338K	20x	as long as short
Variational Omni IBMshort	0.0000%	8h	231.57	−0.079%	$256K	$15K	—
GRVT IBM_USDT_Perp	0.0000%	8h	231.52	−0.097%	$519	$158K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.31	−0.190%	$766	$486K	10x	as long as short
HTX IBM-USDTlong	0.0000%	8h	231.75	long leg	$5K	$33K	20x
Lighter IBM	+0.0032%	1h	231.51	−0.104%	$38K	$43K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.247%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.52	−0.099%	$1.2M	$2.7M	10x	as long as short
BloFin IBM-USDT	+0.0041%	8h	231.62	−0.056%	$47K	$52K	20x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.36	−0.168%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.38	−0.160%	$1.9M	$726K	10x	as long as short
Extended IBM-USD	+0.0056%	1h	231.57	−0.077%	$53K	$238K	10x	as long as short
Binance IBMUSDT	+0.0059%	8h	231.64	−0.049%	$3.9M	$5.3M	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.57	−0.078%	$194K	$33K	20x	as long as short