IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.076%

Price spread now: Variational Omni against GRVT−0.030%7-day average −0.002% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.030%, 7d avg −0.002%

Together, before fees+0.010%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.028% cheaper against GRVT than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT IBM_USDT_Perp	231.60	0.0009	pay 0.0009% / 8h	5h 35m	$519	$158K	10x
Short	Variational Omni IBM	231.53	0	get 0.0000% / 8h	5h 35m	$256K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GRVTbpFee Variational OmnibpOrdersPrice spread, now −0.030%Rate

Funding earned: −$1.89
Price spread: −0.030% → −0.002%: −$2.8
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.69
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 22 min ago; Variational Omni: RFQ quote, 28 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 GRVT live order book, 22 min ago	1.51 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 28 min ago	3.22 bp	doesn't fit	86.7 bp −$867	doesn't fit	doesn't fit

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	231.42	−0.077%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.43	−0.073%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.47	−0.055%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.54	−0.025%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.56	−0.017%	$789K	$338K	20x	as long as short
Variational Omni IBMshort	0.0000%	8h	231.53	−0.030%	$256K	$15K	—
SunX IBM-USDT	0.0000%	8h	231.31	−0.124%	$749	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.93	+0.143%	$5K	$33K	20x	as long as short
GRVT IBM_USDT_Perplong	+0.0009%	8h	231.60	long leg	$519	$158K	10x
Lighter IBM	+0.0032%	1h	231.51	−0.038%	$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	−13.190%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.48	−0.051%	$1.2M	$2.7M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.35	−0.107%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.36	−0.103%	$1.9M	$726K	10x	as long as short
Extended IBM-USD	+0.0064%	1h	231.51	−0.036%	$53K	$238K	10x	as long as short
Binance IBMUSDT	+0.0066%	8h	231.58	−0.009%	$3.9M	$5.3M	20x	as long as short
BloFin IBM-USDT	+0.0074%	8h	231.57	−0.012%	$47K	$52K	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.51	−0.038%	$194K	$33K	20x	as long as short