IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.020%

Price spread now: tradeXYZ against Extended−0.092%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$560.557% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.092%, 7d avg −0.079%

Together, before fees+0.085%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.079%, 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	Extended IBM-USD	232.17	0	get 0.0000% / 1h	24m 14s	$57K	$233K	10x
Short	tradeXYZ xyz:IBM	231.96	0.0050	get 0.0006% / 1h	24m 14s	$1.8M	$799K	10x

Funding history

latest

Range statsloading…

tradeXYZ against Extended. 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 ExtendedbpFee tradeXYZbpOrdersPrice spread, now −0.092%Rate

Slippage from Extended: live order book, 18 min ago; tradeXYZ: live order book, 3 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 18 min ago	1.08 bp	14.6 bp −$15	157.3 bp −$1,573	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	1.72 bp	11.7 bp −$12	21.6 bp −$216	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
BloFin IBM-USDT	−0.0025%	8h	232.32	+0.063%	$47K	$56K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.09	−0.037%	$13K	$127K	20x	as long as short
Extended IBM-USDlong	0.0000%	1h	232.17	long leg	$57K	$233K	10x
Binance IBMUSDT	0.0000%	8h	232.21	+0.017%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.14	−0.015%	$1.0M	$354K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.20	+0.011%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.20	+0.011%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.18	+0.002%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.25	+0.034%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.26	+0.036%	$799	$165K	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	232.07	−0.045%	$717	$475K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.40	+0.097%	$6K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	232.29	+0.050%	$38K	$49K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.406%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.07	−0.045%	—	—	25x	as long as short
QFEX IBM-USD	+0.0049%	1h	232.12	−0.023%	$1.2M	$2.1M	10x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.96	−0.092%	$1.8M	$799K	10x
KuCoin IBMUSDTM	+0.0100%	8h	232.20	+0.011%	$195K	$46K	20x	as long as short