IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h +0.035%

Price spread now: Binance against QFEX+0.046%7-day average +0.056% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$340.344% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.044%+$4 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.046%, 7d avg +0.056%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, 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	QFEX IBM-USD	231.53	0.0030	pay 0.0004% / 1h	43m 38s	$1.2M	$2.3M	10x
Short	Binance IBMUSDT	231.64	0	get 0.0000% / 8h	3h 43m	$3.8M	$5.4M	20x

Funding history

latest

Range statsloading…

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.046%Rate

Slippage from QFEX: live order book, 9 min ago; Binance: live order book, 9 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 9 min ago	1.73 bp	6.7 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.22 bp	10.9 bp −$11	19.1 bp −$191	132.2 bp −$13.2K	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
BloFin IBM-USDT	−0.0014%	8h	231.66	+0.056%	$47K	$51K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	231.42	−0.046%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.57	+0.019%	$53K	$233K	10x	as long as short
Binance IBMUSDTshort	0.0000%	8h	231.64	+0.046%	$3.8M	$5.4M	20x
Bybit IBMUSDT	0.0000%	8h	231.48	−0.022%	$982K	$347K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.64	+0.048%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.61	+0.035%	$801K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.62	+0.039%	$786K	$335K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.60	+0.032%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.61	+0.034%	$320	$160K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IBM-USDT	0.0000%	8h	231.47	−0.026%	$1K	$476K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.90	+0.160%	$6K	$34K	20x	as long as short
QFEX IBM-USDlong	+0.0030%	1h	231.53	long leg	$1.2M	$2.3M	10x
Lighter IBM	+0.0032%	1h	231.45	−0.035%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.165%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.40	−0.056%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.35	−0.078%	$1.9M	$763K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.61	+0.035%	$195K	$34K	20x	as long as short