IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0123%/8h= −13.5% APRnext payment −$0.15 per $10,000 · paid last 24h +0.003%

Price spread now: tradeXYZ against QFEX−0.047%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$430.435% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.043%+$4 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.047%, 7d avg −0.064%

Together, before fees+0.050%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX IBM-USD	232.67	0.0015	pay 0.0002% / 1h	55m 08s	$1.2M	$2.0M	10x
Short	tradeXYZ xyz:IBM	232.56	−0.0108	pay 0.0014% / 1h	55m 08s	$1.8M	$775K	10x

Funding history

latest

Range statsloading…

tradeXYZ against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee QFEXbpFee tradeXYZbpOrdersPrice spread, now −0.047%Rate

Slippage from QFEX: live order book, 2 min ago; tradeXYZ: live order book, 3 min ago.

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, 2 min ago	1.50 bp	6.5 bp −$7	10.5 bp −$105	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	1.50 bp	10.9 bp −$11	17.3 bp −$173	doesn't fit	doesn't fit

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
tradeXYZ xyz:IBMshort	−0.0108%	1h	232.56	−0.047%	$1.8M	$775K	10x
Aster IBMUSDT	0.0000%	8h	232.55	−0.053%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.62	−0.021%	$54K	$313K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.69	+0.009%	$3.8M	$4.7M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.59	−0.034%	$995K	$318K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.62	−0.021%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.75	+0.034%	$743K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.71	+0.017%	$782K	$293K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.69	+0.011%	$258K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.35	−0.138%	$904	$413K	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	232.90	+0.099%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0005%	8h	232.72	+0.021%	$47K	$61K	20x	as long as short
QFEX IBM-USDlong	+0.0015%	1h	232.67	long leg	$1.2M	$2.0M	10x
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.590%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.57	−0.043%	—	—	25x	as long as short
Lighter IBM	+0.0056%	1h	232.93	+0.112%	$38K	$45K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.66	−0.004%	$195K	$120K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0398%	8h	232.76	+0.039%	$563	$161K	10x	as long as short