IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Injective against Lighter−13.326%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 13.326% cheaper against Lighter than usual: you would sell low and buy high, −$1,333 on $10k if it 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	231.96	0.0032	pay 0.0004% / 1h	50m 26s	$38K	$43K	10x
Short	Injective IBM/USDC PERP	201.05	0.0033	get 0.0004% / 1h	50m 26s	—	$57	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −13.326%Rate

Funding earned: $0.28
Price spread: −13.326% → 0.000%: −$1,332.56
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,332.3
Costs to cover: 0.000%
Break-even: 33315.8 days

Slippage unknown: Lighter: no order-book sample; 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 Lighter no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Lighter and 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	−0.0006%	8h	232.18	+0.095%	$47K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.11	+0.066%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.09	+0.057%	$53K	$234K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.15	+0.083%	$3.8M	$5.4M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.02	+0.026%	$984K	$337K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.11	+0.065%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.20	+0.103%	$808K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.96	0.000%	$787K	$322K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.11	+0.064%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.12	+0.070%	$778	$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	−0.009%	$976	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.36	+0.172%	$6K	$33K	20x	as long as short
QFEX IBM-USD	+0.0030%	1h	232.04	+0.034%	$1.2M	$2.2M	10x	as long as short
Lighter IBMlong	+0.0032%	1h	231.96	long leg	$38K	$43K	10x
Injective IBM/USDC PERPshort	+0.0033%	1h	201.05	−13.326%	—	$57	12x
Vest IBM-USD-PERP	+0.0046%	1h	231.94	−0.009%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.90	−0.026%	$1.8M	$802K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.02	+0.026%	$195K	$35K	20x	as long as short