IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against QFEX−0.086%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, the price is against you. Lighter is 0.086% cheaper against QFEX than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 21 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX IBM-USD	231.48	0.0018	pay 0.0002% / 1h	59m 38s	$1.2M	$3.2M	10x
Short	Lighter IBM	231.28	0.0032	get 0.0004% / 1h	59m 38s	$38K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.086%Rate

Funding earned: $2.91
Price spread: −0.086% → 0.000%: −$8.64
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.73
Costs to cover: 0.100%
Break-even: 44.9 days

Slippage unknown: QFEX: live order book, 3 min ago; Lighter: 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 QFEX live order book, 3 min ago	1.51 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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
BloFin IBM-USDT	−0.0028%	8h	231.45	−0.013%	$46K	$52K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.03	−0.194%	$13K	$126K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.44	−0.018%	$54K	$202K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	231.48	−0.001%	$3.9M	$5.8M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.20	−0.121%	$974K	$381K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.32	−0.069%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.35	−0.056%	$806K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.44	−0.017%	$801K	$399K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.45	−0.014%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.33	−0.065%	$955	$536K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	231.71	+0.099%	$5K	$34K	20x	as long as short
QFEX IBM-USDlong	+0.0018%	1h	231.48	long leg	$1.2M	$3.2M	10x
Lighter IBMshort	+0.0032%	1h	231.28	−0.086%	$38K	$50K	10x
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.146%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.19	−0.125%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.18	−0.130%	$2.0M	$812K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.12	−0.156%	$194K	$34K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0160%	8h	231.38	−0.044%	$789	$175K	10x	as long as short