IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.028%

Price spread now: Injective against Extended−13.382%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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Injective is 13.382% cheaper against Extended than usual: you would sell low and buy high (spread −13.382% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,338 on $10k: about years of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	232.11	0	get 0.0000% / 1h	53m 00s	$53K	$234K	10x
Short	Injective IBM/USDC PERP	201.05	0.0033	get 0.0004% / 1h	53m 00s	—	$57	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −13.382%Rate

Funding earned: $7
Price spread: −13.382% → 0.000%: −$1,338.22
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,336.24
Costs to cover: 0.050%
Break-even: 1343.2 days

Slippage unknown: Extended: live order book, 59 min ago; Injective: 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, 59 min ago	1.94 bp	16.3 bp −$16	186.8 bp −$1,868	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
BloFin IBM-USDT	−0.0002%	8h	232.12	+0.004%	$47K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.11	0.000%	$13K	$127K	20x	as long as short
Extended IBM-USDlong	0.0000%	1h	232.11	long leg	$53K	$234K	10x
Binance IBMUSDT	0.0000%	8h	232.17	+0.025%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.02	−0.039%	$984K	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.09	−0.009%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.21	+0.042%	$808K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.96	−0.065%	$787K	$322K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.13	+0.008%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.09	−0.011%	$777	$161K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	231.94	−0.074%	$976	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.39	+0.120%	$6K	$33K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.06	−0.022%	$1.2M	$2.2M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.94	−0.074%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERPshort	+0.0033%	1h	201.05	−13.382%	—	$57	12x
Vest IBM-USD-PERP	+0.0046%	1h	231.95	−0.070%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.91	−0.087%	$1.8M	$797K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.02	−0.039%	$195K	$35K	20x	as long as short