IBM

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Funding spread now, next payment 16:00 UTC+0.0017%/8h

next payment, per $10,000+$0.02paid, last 24h+0.016%paid, last 4 days+0.070%to open and closeno order book

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	19m 49s	—	$57	12x
Short	tradeXYZ xyz:IBM	228.79	0.0050	get 0.0006% / 1h	19m 49s	$2.1M	$593K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee tradeXYZbpOrdersRate

Funding earned: $3.5
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$14.52
Break-even: 36.0 days

Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: +13.798%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 tradeXYZ live order book, 9 min ago	0.44 bp	12.9 bp −$13	19.3 bp −$193	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster IBMUSDT	0.0000%	8h	$14K	$124K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	$967K	$317K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	$1.4M	$987K	20x	as long as short
Gate IBM_USDT	0.0000%	8h	$852K	$1.3M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	$809K	$381K	20x	as long as short
Variational Omni IBM	0.0000%	8h	$253K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	$1K	$510K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	$6K	$33K	20x	as long as short
Injective IBM/USDC PERPlong	+0.0033%	1h	—	$57	12x
Lighter IBM	+0.0040%	1h	$37K	$53K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Vest IBM-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	$2.1M	$593K	10x
QFEX IBM-USD	+0.0063%	1h	$1.3M	$2.8M	10x	as long as short
Extended IBM-USD	+0.0064%	1h	$54K	$202K	10x	as long as short
Binance IBMUSDT	+0.0067%	8h	$4.0M	$4.3M	20x	as long as short
BloFin IBM-USDT	+0.0095%	8h	$48K	$38K	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	$195K	$32K	20x	as long as short