IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: QFEX against Injective+15.051%7-day average — · you sell dearer than you buy

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

Long on Injective Short on QFEX

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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 15.051% dearer against Injective than usual: you sell high and buy low, +$1,505 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective IBM/USDC PERP	201.05	0.0033	pay 0.0004% / 1h	15m 03s	—	$57	12x
Short	QFEX IBM-USD	231.31	0.0029	get 0.0004% / 1h	15m 03s	$1.2M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Injective. 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 InjectivebpFee QFEXbpOrdersPrice spread, now +15.051%Rate

Funding earned: −$0.82
Price spread: +15.051% → 0.000%: $1,505.1
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee QFEX: 5 bp × 2 orders: −$10
Net: $1,494.26
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; QFEX: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	1.95 bp	6.9 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit

Injective: 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 17 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	231.27	+15.029%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.27	+15.031%	$973K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.30	+15.046%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.36	+15.076%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.42	+15.106%	$791K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.36	+15.077%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.12	+14.956%	$1K	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.58	+15.185%	$5K	$34K	20x	as long as short
QFEX IBM-USDshort	+0.0029%	1h	231.31	+15.051%	$1.2M	$2.9M	10x
Injective IBM/USDC PERPlong	+0.0033%	1h	201.05	long leg	—	$57	12x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IBM-USD-PERP	+0.0046%	1h	231.22	+15.006%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.23	+15.011%	$1.9M	$723K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0067%	8h	231.37	+15.080%	$315	$160K	10x	as long as short
Lighter IBM	+0.0096%	1h	231.51	+15.150%	$38K	$43K	10x	as long as short
Extended IBM-USD	+0.0096%	1h	231.33	+15.061%	$53K	$237K	10x	as long as short
Binance IBMUSDT	+0.0096%	8h	231.40	+15.096%	$3.9M	$5.2M	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.31	+15.051%	$194K	$33K	20x	as long as short