IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: QFEX against Lighter+0.013%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 QFEX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter IBM	231.52	0.0032	pay 0.0004% / 1h	55m 07s	$38K	$43K	10x
Short	QFEX IBM-USD	231.55	0.0035	get 0.0004% / 1h	55m 07s	$1.2M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0.54
Price spread: +0.013% → 0.000%: $1.3
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$8.17
Costs to cover: 0.100%
Break-even: 113.3 days

Slippage unknown: Lighter: no order-book sample; QFEX: live order book, 7 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 QFEX live order book, 7 min ago	1.73 bp	6.7 bp −$7	11.4 bp −$114	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 17 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	231.43	−0.041%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.48	−0.017%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.56	+0.017%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.57	+0.022%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.60	+0.035%	$792K	$335K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.61	+0.037%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.33	−0.082%	$886	$486K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.98	+0.199%	$5K	$34K	20x	as long as short
Lighter IBMlong	+0.0032%	1h	231.52	long leg	$38K	$43K	10x
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.161%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USDshort	+0.0035%	1h	231.55	+0.013%	$1.2M	$2.8M	10x
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.052%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.42	−0.043%	$1.9M	$725K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0087%	8h	231.59	+0.029%	$192	$158K	10x	as long as short
Binance IBMUSDT	+0.0095%	8h	231.64	+0.052%	$3.9M	$5.2M	20x	as long as short
Extended IBM-USD	+0.0096%	1h	231.59	+0.029%	$53K	$235K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.57	+0.022%	$194K	$33K	20x	as long as short