IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0083%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.024%

Price spread now: QFEX against Extended−0.012%7-day average +0.002% · 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−$43as in the Price arb table

costs, in and out, $10k−$420.420% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.012%, 7d avg +0.002%

Together, before fees−0.005%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	231.39	0.0112	pay 0.0014% / 1h	43m 28s	$54K	$235K	10x
Short	QFEX IBM-USD	231.36	0.0029	get 0.0004% / 1h	43m 28s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee ExtendedbpFee QFEXbpOrdersPrice spread, now −0.012%Rate

Slippage from Extended: live order book, 23 min ago; QFEX: live order book, 4 min ago.

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, 23 min ago	0.43 bp	14.5 bp −$15	192.9 bp −$1,929	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.51 bp	6.9 bp −$7	12.9 bp −$129	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	231.25	−0.058%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.25	−0.060%	$973K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.45	+0.027%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.41	+0.009%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.46	+0.031%	$792K	$341K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.40	+0.005%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.38	−0.004%	$266	$159K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.27	−0.051%	$1K	$489K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.82	+0.187%	$5K	$34K	20x	as long as short
QFEX IBM-USDshort	+0.0029%	1h	231.36	−0.012%	$1.2M	$3.1M	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.25	−0.060%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.111%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.18	−0.090%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.20	−0.081%	$1.9M	$722K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.29	−0.042%	$194K	$33K	20x	as long as short
Extended IBM-USDlong	+0.0112%	1h	231.39	long leg	$54K	$235K	10x
Binance IBMUSDT	+0.0115%	8h	231.47	+0.035%	$3.9M	$5.3M	20x	as long as short
BloFin IBM-USDT	+0.0122%	8h	231.18	−0.090%	$46K	$52K	20x	as long as short