IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.034%

Price spread now: QFEX against Binance−0.041%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1361.361% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 2 days (all we have)−0.012%−$1 · spread now −0.041%, 7d avg −0.026%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IBMUSDT	231.69	0.0189	pay 0.0189% / 8h	7h 35m	$3.9M	$5.3M	20x
Short	QFEX IBM-USD	231.59	0.0025	get 0.0003% / 1h	35m 50s	$1.2M	$3.3M	10x

Funding history

latest

Range statsloading…

QFEX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BinancebpFee QFEXbpOrdersPrice spread, now −0.041%Rate

Slippage from Binance: live order book, 2 min ago; QFEX: live order book, 7 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 2 min ago	0.22 bp	14.0 bp −$14	32.8 bp −$328	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	12.31 bp	55.5 bp −$56	65.0 bp −$650	doesn't fit	doesn't fit

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	231.61	−0.031%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.49	−0.085%	$977K	$358K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.67	−0.007%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.59	−0.041%	$802K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.64	−0.020%	$793K	$356K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.67	−0.007%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.59	−0.043%	$283	$165K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.38	−0.132%	$1K	$513K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.01	+0.140%	$5K	$34K	20x	as long as short
QFEX IBM-USDshort	+0.0025%	1h	231.59	−0.041%	$1.2M	$3.3M	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.41	−0.119%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.223%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.46	−0.098%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.44	−0.106%	$1.9M	$727K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.54	−0.063%	$195K	$33K	20x	as long as short
Binance IBMUSDTlong	+0.0189%	8h	231.69	long leg	$3.9M	$5.3M	20x
Extended IBM-USD	+0.0192%	1h	231.65	−0.016%	$55K	$307K	10x	as long as short
BloFin IBM-USDT	+0.0208%	8h	231.53	−0.067%	$46K	$52K	20x	as long as short