IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h −0.003%

Price spread now: QFEX against tradeXYZ+0.034%7-day average +0.064% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

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

Long on tradeXYZ Short on QFEX

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+0.006%+$1 · spread now +0.034%, 7d avg +0.064%

Together, before fees−0.037%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.030% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.064%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:IBM	232.58	−0.0106	get 0.0013% / 1h	53m 59s	$1.8M	$774K	10x
Short	QFEX IBM-USD	232.66	0.0015	get 0.0002% / 1h	53m 59s	$1.2M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. 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 tradeXYZbpFee QFEXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $25.34
Price spread: +0.034% → +0.064%: −$2.98
Slippage, 4 orders: −$15.46
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$21.09
Costs to cover: 0.435%
Break-even: 12.8 days

Slippage from tradeXYZ: live order book, 4 min ago; QFEX: live order book, 3 min ago.

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 tradeXYZ live order book, 4 min ago	1.50 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.50 bp	6.5 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit

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
tradeXYZ xyz:IBMlong	−0.0106%	1h	232.58	long leg	$1.8M	$774K	10x
Aster IBMUSDT	0.0000%	8h	232.58	−0.002%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.64	+0.026%	$54K	$313K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.65	+0.030%	$3.8M	$4.7M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.57	−0.004%	$995K	$313K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.64	+0.026%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.74	+0.069%	$743K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.71	+0.056%	$782K	$293K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.69	+0.049%	$258K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.44	−0.060%	$904	$412K	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	+0.138%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0005%	8h	232.72	+0.060%	$47K	$61K	20x	as long as short
QFEX IBM-USDshort	+0.0015%	1h	232.66	+0.034%	$1.2M	$2.0M	10x
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.557%	—	$57	12x	as long as short
Lighter IBM	+0.0040%	1h	232.94	+0.155%	$38K	$45K	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.57	−0.004%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.64	+0.026%	$195K	$120K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0398%	8h	232.76	+0.077%	$563	$161K	10x	as long as short