IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.023%

Price spread now: tradeXYZ against Extended−0.096%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.571% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.096%, 7d avg −0.080%

Together, before fees+0.099%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.080%, 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	231.57	0	get 0.0000% / 1h	43m 21s	$53K	$233K	10x
Short	tradeXYZ xyz:IBM	231.35	0.0050	get 0.0006% / 1h	43m 21s	$1.9M	$763K	10x

Funding history

latest

Range statsloading…

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.096%Rate

Slippage from Extended: live order book, 8 min ago; tradeXYZ: 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, 8 min ago	1.94 bp	16.3 bp −$16	186.8 bp −$1,868	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	1.30 bp	11.9 bp −$12	18.0 bp −$180	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
BloFin IBM-USDT	−0.0014%	8h	231.66	+0.038%	$47K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.42	−0.066%	$13K	$127K	20x	as long as short
Extended IBM-USDlong	0.0000%	1h	231.57	long leg	$53K	$233K	10x
Binance IBMUSDT	0.0000%	8h	231.64	+0.028%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.48	−0.040%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.64	+0.029%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.60	+0.012%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.62	+0.020%	$786K	$335K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.60	+0.014%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.61	+0.016%	$320	$160K	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	231.47	−0.044%	$1K	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.90	+0.141%	$6K	$34K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	231.53	−0.018%	$1.2M	$2.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.45	−0.053%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.181%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.075%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.35	−0.096%	$1.9M	$763K	10x
KuCoin IBMUSDTM	+0.0100%	8h	231.61	+0.016%	$195K	$34K	20x	as long as short