IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Injective against Lighter−13.161%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 13.161% cheaper against Lighter than usual: you would sell low and buy high, −$1,316 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	Lighter IBM	231.52	0.0032	pay 0.0004% / 1h	51m 25s	$38K	$43K	10x
Short	Injective IBM/USDC PERP	201.05	0.0033	get 0.0004% / 1h	51m 25s	—	$57	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. 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 LighterbpFee InjectivebpOrdersPrice spread, now −13.161%Rate

Funding earned: $0.28
Price spread: −13.161% → 0.000%: −$1,316.09
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,315.83
Costs to cover: 0.000%
Break-even: 32903.9 days

Slippage unknown: Lighter: no order-book sample; Injective: no order-book sample. 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 Lighter no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Lighter and 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	231.48	−0.018%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.49	−0.013%	$974K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.57	+0.022%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.57	+0.022%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.60	+0.035%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.61	+0.037%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.27	−0.108%	$934	$486K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.13	+0.263%	$5K	$34K	20x	as long as short
Lighter IBMlong	+0.0032%	1h	231.52	long leg	$38K	$43K	10x
Injective IBM/USDC PERPshort	+0.0033%	1h	201.05	−13.161%	—	$57	12x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IBM-USD	+0.0035%	1h	231.51	−0.004%	$1.2M	$2.8M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.44	−0.035%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.40	−0.052%	$1.9M	$725K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0089%	8h	231.63	+0.046%	$192	$158K	10x	as long as short
Binance IBMUSDT	+0.0094%	8h	231.61	+0.039%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0096%	1h	231.61	+0.038%	$53K	$235K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.63	+0.048%	$194K	$33K	20x	as long as short