IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.014%

Price spread now: QFEX against OKX−0.030%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.411% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.030%, 7d avg −0.016%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, 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	OKX IBM-USDT-SWAP	231.25	0	get 0.0000% / 8h	6h 33m	$1.4M	$1.1M	20x
Short	QFEX IBM-USD	231.18	0.0029	get 0.0004% / 1h	33m 53s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now −0.030%Rate

Slippage from OKX: live order book, 3 min ago; QFEX: live order book, 4 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	1.51 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.95 bp	6.9 bp −$7	12.5 bp −$125	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	231.09	−0.069%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.11	−0.061%	$972K	$346K	50x	as long as short
OKX IBM-USDT-SWAPlong	0.0000%	8h	231.25	long leg	$1.4M	$1.1M	20x
Gate IBM_USDT	0.0000%	8h	231.21	−0.017%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.31	+0.026%	$791K	$339K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.19	−0.026%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.42	+0.076%	$194	$160K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.10	−0.065%	$1K	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.50	+0.108%	$5K	$34K	20x	as long as short
QFEX IBM-USDshort	+0.0029%	1h	231.18	−0.030%	$1.2M	$3.1M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter IBM	+0.0032%	1h	231.37	+0.052%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.059%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.05	−0.086%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.04	−0.091%	$1.9M	$723K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.14	−0.048%	$194K	$33K	20x	as long as short
Binance IBMUSDT	+0.0102%	8h	231.30	+0.021%	$3.9M	$5.2M	20x	as long as short
Extended IBM-USD	+0.0104%	1h	231.23	−0.007%	$54K	$235K	10x	as long as short