IBM

Alert

Funding spread now, next payment 18:00 UTC−0.0018%/8h

next payment, per $10,000−$0.02paid, last 24h−0.011%paid, last 5 days−0.052%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:IBM	228.72	0.0050	pay 0.0006% / 1h	2m 27s	$2.1M	$690K	10x
Short	Lighter IBM	228.81	0.0032	get 0.0004% / 1h	2m 27s	$37K	$50K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee LighterbpOrdersRate

Funding earned: −$3.78
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.78
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; Lighter: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.039%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 tradeXYZ live order book, 7 min ago	1.31 bp	11.8 bp −$12	18.2 bp −$182	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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 17 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster IBMUSDT	0.0000%	8h	$14K	$124K	20x	as long as short
Extended IBM-USD	0.0000%	1h	$54K	$202K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	$4.1M	$4.9M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	$957K	$345K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	$812K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	$809K	$378K	20x	as long as short
Variational Omni IBM	0.0000%	8h	$253K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	$1K	$524K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	$6K	$34K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin IBM-USDT	+0.0013%	8h	$47K	$41K	20x	as long as short
Lighter IBMshort	+0.0032%	1h	$37K	$50K	10x
Injective IBM/USDC PERP	+0.0033%	1h	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
QFEX IBM-USD	+0.0047%	1h	$1.2M	$2.9M	10x	as long as short
tradeXYZ xyz:IBMlong	+0.0050%	1h	$2.1M	$690K	10x
KuCoin IBMUSDTM	+0.0100%	8h	$194K	$32K	20x	as long as short