IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.012%

Price spread now: QFEX against Bybit+0.022%7-day average +0.038% · 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−$40as in the Price arb table

costs, in and out, $10k−$380.383% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.022%, 7d avg +0.038%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IBMUSDT	232.20	0	get 0.0000% / 8h	1h 39m	$1.0M	$356K	50x
Short	QFEX IBM-USD	232.25	0.0049	get 0.0006% / 1h	39m 18s	$1.2M	$2.1M	10x

Funding history

latest

Range statsloading…

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now +0.022%Rate

Slippage from Bybit: live order book, 1 min ago; QFEX: 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 Bybit live order book, 1 min ago	2.80 bp	12.5 bp −$13	85.2 bp −$852	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.72 bp	6.7 bp −$7	11.1 bp −$111	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
Aster IBMUSDT	0.0000%	8h	232.20	−0.001%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.27	+0.031%	$57K	$238K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.33	+0.056%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDTlong	0.0000%	8h	232.20	long leg	$1.0M	$356K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	232.24	+0.017%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.32	+0.052%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.23	+0.013%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.33	+0.058%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.34	+0.059%	$170	$164K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.16	−0.017%	$1K	$472K	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	232.11	−0.039%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0011%	8h	232.37	+0.073%	$47K	$56K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.38	+0.078%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.415%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.13	−0.030%	—	—	25x	as long as short
QFEX IBM-USDshort	+0.0049%	1h	232.25	+0.022%	$1.2M	$2.1M	10x
tradeXYZ xyz:IBM	+0.0050%	1h	232.08	−0.052%	$1.8M	$813K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.22	+0.009%	$195K	$46K	20x	as long as short