Funding you earn now, next payment 10:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.019%
Price spread now: Extended against QFEX+0.012%7-day average −0.001% · 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−$91as in the Price arb table
costs, in and out, $10k−$920.921% of the position
Funding, last 4 days (all we have)+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.012%, 7d avg −0.001%
=Together, before fees−0.063%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: $0 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 | 232.68 | 0.0015 | pay 0.0002% / 1h | 57m 13s | $1.2M | $2.0M | 10x |
| Short | Extended IBM-USD | 232.71 | 0 | get 0.0000% / 1h | 57m 13s | $54K | $313K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against QFEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.14
- Price spread: +0.012% → −0.001%
- $1.32
- Slippage, 4 orders
- −$77.14
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$93.97
- Costs to cover
- 0.921%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Extended: live order book, 35 min ago.
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 QFEX live order book, 5 min ago | 20.62 bp | 28.1 bp −$28 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell Extended live order book, 35 min ago | 0.65 bp | 15.0 bp −$15 | 129.2 bp −$1,292 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:IBM | −0.0130% | 1h | 232.57 | −0.047% | $1.8M | $773K | 10x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 232.56 | −0.050% | $13K | $127K | 20x | as long as short |
| Extended IBM-USDshort | 0.0000% | 1h | 232.71 | +0.012% | $54K | $313K | 10x | |
| Binance IBMUSDT | 0.0000% | 8h | 232.77 | +0.038% | $3.8M | $4.8M | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 232.65 | −0.013% | $995K | $319K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.74 | +0.026% | $1.4M | $1.1M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.78 | +0.043% | $743K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.77 | +0.039% | $782K | $293K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.69 | +0.003% | $258K | $15K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 232.43 | −0.107% | $904 | $418K | 10x | as long as short |
Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IBM-USDT | 0.0000% | 8h | 232.79 | +0.047% | $6K | $33K | 20x | as long as short |
| BloFin IBM-USDT | +0.0012% | 8h | 232.80 | +0.052% | $47K | $61K | 20x | as long as short |
| QFEX IBM-USDlong | +0.0015% | 1h | 232.68 | long leg | $1.2M | $2.0M | 10x | |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.594% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.55 | −0.056% | — | — | 25x | as long as short |
| Lighter IBM | +0.0096% | 1h | 232.91 | +0.099% | $38K | $45K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.66 | −0.009% | $195K | $117K | 20x | as long as short |
| GRVT IBM_USDT_Perp | +0.0391% | 8h | 232.77 | +0.039% | $573 | $164K | 10x | as long as short |
Extended IBM-USD
tradeXYZ xyz:IBM
Aster IBMUSDT
Binance IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
SunX IBM-USDT
HTX IBM-USDT
BloFin IBM-USDT
Injective IBM/USDC PERP
Lighter IBM
KuCoin IBMUSDTM
GRVT IBM_USDT_Perp