IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%

Price spread now: tradeXYZ against Lighter−0.086%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

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

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

Funding pays, the price is against you. tradeXYZ is 0.086% cheaper against Lighter than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 16 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter IBM	232.31	0.0032	pay 0.0004% / 1h	34m 00s	$38K	$45K	10x
Short	tradeXYZ xyz:IBM	232.11	0.0050	get 0.0006% / 1h	34m 00s	$1.8M	$808K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.086%Rate

Funding earned: $3.78
Price spread: −0.086% → 0.000%: −$8.61
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.83
Costs to cover: 0.180%
Break-even: 49.3 days

Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 2 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 Lighter no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 2 min ago	1.51 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit

Lighter: 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 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	232.24	−0.032%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.17	−0.059%	$57K	$315K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.25	−0.025%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.03	−0.121%	$1.0M	$336K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.31	0.000%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.26	−0.022%	$742K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.27	−0.017%	$780K	$324K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.14	−0.075%	$256K	$13K	—	as long as short
SunX IBM-USDT	0.0000%	8h	232.16	−0.065%	$989	$456K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.19	−0.052%	$6K	$33K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IBM-USDT	+0.0021%	8h	232.25	−0.026%	$47K	$60K	20x	as long as short
Lighter IBMlong	+0.0032%	1h	232.31	long leg	$38K	$45K	10x
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.456%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0036%	1h	232.14	−0.073%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.03	−0.121%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	232.11	−0.086%	$1.8M	$808K	10x
KuCoin IBMUSDTM	+0.0100%	8h	232.19	−0.052%	$194K	$81K	20x	as long as short
GRVT IBM_USDT_Perp	+0.0115%	8h	232.28	−0.014%	$376	$166K	10x	as long as short