IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter against QFEX+0.069%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Lighter is 0.069% dearer against QFEX than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX IBM-USD	232.25	0.0049	pay 0.0006% / 1h	38m 37s	$1.2M	$2.1M	10x
Short	Lighter IBM	232.41	0.0032	get 0.0004% / 1h	38m 37s	$38K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$3.65
Price spread: +0.069% → 0.000%: $6.89
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.76
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; Lighter: no order-book sample. 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 QFEX live order book, 3 min ago	1.72 bp	6.7 bp −$7	11.6 bp −$116	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 18 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	232.17	−0.034%	$13K	$127K	20x	as long as short
Extended IBM-USD	0.0000%	1h	232.27	+0.010%	$57K	$238K	10x	as long as short
Binance IBMUSDT	0.0000%	8h	232.33	+0.034%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	232.17	−0.034%	$1.0M	$356K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	232.24	−0.004%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	232.32	+0.030%	$752K	$1.5M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	232.23	−0.009%	$780K	$343K	20x	as long as short
Variational Omni IBM	0.0000%	8h	232.33	+0.036%	$257K	$14K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	232.34	+0.038%	$170	$164K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	232.16	−0.039%	$1K	$472K	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	232.11	−0.060%	$6K	$33K	20x	as long as short
BloFin IBM-USDT	+0.0011%	8h	232.36	+0.047%	$47K	$56K	20x	as long as short
Lighter IBMshort	+0.0032%	1h	232.41	+0.069%	$38K	$49K	10x
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.434%	—	$57	12x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	232.13	−0.052%	—	—	25x	as long as short
QFEX IBM-USDlong	+0.0049%	1h	232.25	long leg	$1.2M	$2.1M	10x
tradeXYZ xyz:IBM	+0.0050%	1h	232.08	−0.073%	$1.8M	$813K	10x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	232.22	−0.013%	$195K	$46K	20x	as long as short