IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.023%

Price spread now: Extended against Lighter+0.096%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Extended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.096% dearer against Lighter than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter IBM	231.44	0.0032	pay 0.0004% / 1h	31m 36s	$38K	$43K	10x
Short	Extended IBM-USD	231.66	0.0184	get 0.0023% / 1h	31m 36s	$54K	$327K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now +0.096%Rate

Funding earned: $31.92
Price spread: +0.096% → 0.000%: $9.61
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $36.53
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Extended: live order book, 40 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 Lighter no order-book sample	—	—	—	—	—
Sell Extended live order book, 40 min ago	1.30 bp	14.9 bp −$15	104.3 bp −$1,043	doesn't fit	doesn't fit

Lighter: 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
Aster IBMUSDT	0.0000%	8h	231.64	+0.088%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.57	+0.056%	$977K	$357K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.69	+0.108%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.66	+0.095%	$803K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.65	+0.091%	$793K	$356K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.67	+0.099%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.67	+0.098%	$273	$164K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.51	+0.030%	$891	$513K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.95	+0.220%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0025%	1h	231.62	+0.078%	$1.2M	$3.3M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBMlong	+0.0032%	1h	231.44	long leg	$38K	$43K	10x
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.131%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.51	+0.030%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.49	+0.022%	$1.9M	$726K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.63	+0.082%	$195K	$33K	20x	as long as short
Extended IBM-USDshort	+0.0184%	1h	231.66	+0.096%	$54K	$327K	10x
Binance IBMUSDT	+0.0184%	8h	231.71	+0.117%	$3.9M	$5.3M	20x	as long as short
BloFin IBM-USDT	+0.0196%	8h	231.74	+0.130%	$46K	$52K	20x	as long as short