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: QFEX against Binance−0.071%7-day average −0.056% · 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−$86as in the Price arb table

costs, in and out, $10k−$850.846% 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+0.046%+$5 · spread now −0.071%, 7d avg −0.056%

Together, before fees+0.002%$0 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	Binance IBMUSDT	231.80	0	get 0.0000% / 8h	3h 17m	$3.8M	$5.4M	20x
Short	QFEX IBM-USD	231.64	0.0030	get 0.0004% / 1h	17m 10s	$1.2M	$2.2M	10x

Funding history

latest

Range statsloading…

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now −0.071%Rate

Slippage from Binance: live order book, 6 min ago; QFEX: live order book, 5 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 6 min ago	0.43 bp	9.7 bp −$10	29.2 bp −$292	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	12.30 bp	32.9 bp −$33	37.6 bp −$376	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	231.78	−0.010%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	231.74	−0.026%	$53K	$237K	10x	as long as short
Binance IBMUSDTlong	0.0000%	8h	231.80	long leg	$3.8M	$5.4M	20x
Bybit IBMUSDT	0.0000%	8h	231.60	−0.088%	$982K	$340K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.81	+0.003%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.76	−0.019%	$803K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.67	−0.058%	$786K	$332K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.66	−0.060%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.68	−0.054%	$739	$162K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.51	−0.127%	$889	$478K	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	232.24	+0.188%	$6K	$34K	20x	as long as short
BloFin IBM-USDT	+0.0016%	8h	231.75	−0.023%	$47K	$51K	20x	as long as short
QFEX IBM-USDshort	+0.0030%	1h	231.64	−0.071%	$1.2M	$2.2M	10x
Lighter IBM	+0.0032%	1h	231.65	−0.066%	$38K	$43K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.267%	—	$57	12x	as long as short
tradeXYZ xyz:IBM	+0.0046%	1h	231.55	−0.110%	$1.9M	$777K	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.62	−0.079%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.73	−0.032%	$195K	$34K	20x	as long as short