IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against Bybit−0.039%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$490.487% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.039%, 7d avg −0.044%

Together, before fees+0.130%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IBMUSDT	231.52	0	get 0.0000% / 8h	5h 22m	$974K	$346K	50x
Short	tradeXYZ xyz:IBM	231.43	0.0050	get 0.0006% / 1h	22m 52s	$1.9M	$726K	10x

Funding history

latest

Range statsloading…

tradeXYZ against Bybit. 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 BybitbpFee tradeXYZbpOrdersPrice spread, now −0.039%Rate

Slippage from Bybit: live order book, 37 min ago; tradeXYZ: live order book, 4 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 37 min ago	2.59 bp	11.1 bp −$11	78.1 bp −$781	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	1.08 bp	11.8 bp −$12	doesn't fit	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	231.45	−0.031%	$13K	$127K	20x	as long as short
Bybit IBMUSDTlong	0.0000%	8h	231.52	long leg	$974K	$346K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	231.66	+0.060%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.67	+0.065%	$800K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.60	+0.035%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.59	+0.031%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.59	+0.030%	$102	$159K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.38	−0.060%	$775	$485K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.90	+0.164%	$5K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.51	−0.004%	$38K	$43K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.161%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.54	+0.009%	$1.2M	$2.7M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.44	−0.035%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.43	−0.039%	$1.9M	$726K	10x
Binance IBMUSDT	+0.0055%	8h	231.65	+0.058%	$3.9M	$5.3M	20x	as long as short
Extended IBM-USD	+0.0056%	1h	231.56	+0.018%	$54K	$240K	10x	as long as short
BloFin IBM-USDT	+0.0083%	8h	231.75	+0.099%	$667	$52K	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.55	+0.013%	$193K	$34K	20x	as long as short