IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h +0.004%

Price spread now: tradeXYZ against Lighter−0.125%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and tradeXYZ is 0.125% cheaper against Lighter than usual: you would sell low and buy high (−$13 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	Lighter IBM	231.51	0.0088	pay 0.0011% / 1h	13m 25s	$38K	$43K	10x
Short	tradeXYZ xyz:IBM	231.22	0.0050	get 0.0006% / 1h	13m 25s	$1.9M	$722K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Lighter. 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 LighterbpFee tradeXYZbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$7.98
Price spread: −0.125% → 0.000%: −$12.53
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$38.51
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 4 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 4 min ago	1.51 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit

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: 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	231.26	−0.107%	$13K	$127K	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.27	−0.104%	$973K	$346K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.30	−0.091%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.34	−0.073%	$798K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.42	−0.039%	$791K	$338K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.36	−0.064%	$256K	$15K	—	as long as short
SunX IBM-USDT	0.0000%	8h	231.07	−0.190%	$1K	$487K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	231.58	+0.030%	$5K	$34K	20x	as long as short
QFEX IBM-USD	+0.0029%	1h	231.32	−0.082%	$1.2M	$2.9M	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.157%	—	$57	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IBM-USD-PERP	+0.0046%	1h	231.22	−0.125%	—	—	25x	as long as short
tradeXYZ xyz:IBMshort	+0.0050%	1h	231.22	−0.125%	$1.9M	$722K	10x
GRVT IBM_USDT_Perp	+0.0067%	8h	231.40	−0.050%	$315	$160K	10x	as long as short
Lighter IBMlong	+0.0088%	1h	231.51	long leg	$38K	$43K	10x
Binance IBMUSDT	+0.0092%	8h	231.41	−0.044%	$3.9M	$5.2M	20x	as long as short
Extended IBM-USD	+0.0096%	1h	231.35	−0.068%	$53K	$237K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.29	−0.095%	$194K	$33K	20x	as long as short