IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%

Price spread now: tradeXYZ against Lighter−0.056%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

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

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

Funding pays, the price is against you. tradeXYZ is 0.056% cheaper against Lighter than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 10 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter IBM	231.54	0.0032	pay 0.0004% / 1h	13m 54s	$38K	$47K	10x
Short	tradeXYZ xyz:IBM	231.41	0.0050	get 0.0006% / 1h	13m 54s	$2.0M	$810K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.056%Rate

Funding earned: $3.78
Price spread: −0.056% → 0.000%: −$5.61
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.83
Costs to cover: 0.180%
Break-even: 43.7 days

Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	1.51 bp	10.8 bp −$11	17.1 bp −$171	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	231.80	+0.112%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.43	−0.048%	$976K	$376K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.50	−0.017%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.53	−0.004%	$797K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.61	+0.030%	$798K	$403K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.57	+0.014%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.31	−0.099%	$1K	$535K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.86	+0.138%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.53	−0.004%	$1.2M	$3.3M	10x	as long as short
Lighter IBMlong	+0.0032%	1h	231.54	long leg	$38K	$47K	10x

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	−13.168%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.060%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.41	−0.056%	$2.0M	$810K	10x
KuCoin IBMUSDTM	+0.0100%	8h	231.46	−0.035%	$194K	$34K	20x	as long as short
Extended IBM-USD	+0.0192%	1h	231.57	+0.011%	$54K	$202K	10x	as long as short
Binance IBMUSDT	+0.0193%	8h	231.61	+0.030%	$3.9M	$5.8M	20x	as long as short
BloFin IBM-USDT	+0.0207%	8h	231.69	+0.065%	$46K	$52K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0432%	8h	231.57	+0.011%	$621	$170K	10x	as long as short