IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Injective against QFEX−13.378%7-day average — · you buy dearer than you sell

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

Long on QFEX 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—needs both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Injective is 13.378% cheaper against QFEX than usual: you would sell low and buy high (−$1,338 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX IBM-USD	232.10	0.0043	pay 0.0005% / 1h	2m 42s	$1.2M	$2.1M	10x
Short	Injective IBM/USDC PERP	201.05	0.0033	get 0.0004% / 1h	2m 42s	—	$57	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against QFEX. 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 QFEXbpFee InjectivebpOrdersPrice spread, now −13.378%Rate

Funding earned: −$2
Price spread: −13.378% → 0.000%: −$1,337.79
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,349.81
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 min ago; 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 QFEX live order book, 5 min ago	1.72 bp	6.7 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 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
BloFin IBM-USDT	−0.0022%	8h	232.17	+0.030%	$47K	$59K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.03	−0.028%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.13	+0.013%	$53K	$311K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.18	+0.034%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.00	−0.043%	$1.0M	$349K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.11	+0.004%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.17	+0.030%	$743K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.17	+0.030%	$780K	$346K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.15	+0.023%	$257K	$13K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.20	+0.045%	$93	$168K	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	232.03	−0.030%	$928	$471K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.48	+0.164%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.32	+0.095%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERPshort	+0.0033%	1h	201.05	−13.378%	—	$57	12x
QFEX IBM-USDlong	+0.0043%	1h	232.10	long leg	$1.2M	$2.1M	10x
Vest IBM-USD-PERP	+0.0046%	1h	231.96	−0.060%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.89	−0.090%	$1.8M	$800K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.06	−0.017%	$194K	$55K	20x	as long as short