IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0448%/8h= +49.1% APRnext payment +$4.48 per $10,000 · paid last 24h −0.006%

Price spread now: GRVT against Variational Omni+0.003%7-day average +0.001% · you sell dearer than you buy

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.003%, 7d avg +0.001%

Together, before fees−0.023%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.029% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IBM	231.56	0	get 0.0000% / 8h	7h 59m	$256K	$15K	—
Short	GRVT IBM_USDT_Perp	231.56	0.0448	get 0.0448% / 8h	7h 59m	$590	$169K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Variational Omni. 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 Variational OmnibpFee GRVTbpOrdersPrice spread, now +0.003%Rate

Funding earned: $94.08
Price spread: +0.003% → +0.001%: $0.1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $85.18
Costs to cover: 0.090%
Break-even: 0.7 days

Slippage unknown: Variational Omni: RFQ quote, 15 min ago; GRVT: live order book, 8 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 Variational Omni RFQ quote, 15 min ago	2.79 bp	doesn't fit	82.1 bp −$821	doesn't fit	doesn't fit
Sell GRVT live order book, 8 min ago	3.02 bp	16.5 bp −$17	doesn't fit	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
Aster IBMUSDT	0.0000%	8h	231.63	+0.031%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.39	−0.073%	$976K	$375K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.61	+0.022%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.57	+0.005%	$797K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.56	+0.001%	$793K	$377K	20x	as long as short
Variational Omni IBMlong	0.0000%	8h	231.56	long leg	$256K	$15K	—
SunX IBM-USDT	0.0000%	8h	231.38	−0.077%	$1K	$536K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.84	+0.121%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0031%	1h	231.51	−0.021%	$1.2M	$3.3M	10x	as long as short
Lighter IBM	+0.0032%	1h	231.50	−0.025%	$38K	$43K	10x	as long as short

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	−13.175%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.50	−0.025%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.48	−0.034%	$2.0M	$819K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.47	−0.038%	$194K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0187%	8h	231.67	+0.048%	$46K	$52K	20x	as long as short
Extended IBM-USD	+0.0216%	1h	231.64	+0.037%	$54K	$202K	10x	as long as short
Binance IBMUSDT	+0.0220%	8h	231.55	−0.002%	$3.9M	$5.9M	20x	as long as short
GRVT IBM_USDT_Perpshort	+0.0448%	8h	231.56	+0.003%	$590	$169K	10x