IBM funding rates
IBM perpetual funding across 8 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 10.5%long Bybit, short Lighter · net 7.6%
- Highest funding now
- 3.5%LiLighter
- Lowest funding now
- 0.0%AsAster
- Listed on
- 8 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LiLighter | IBM | 3.5% | 6.1% | 10.5% | 6.8% | 11.2% | 100% | 1h | 05:00 | 228.03 | $72k | $19k | TradFi | LiLighter | |
| AsAster | IBMUSDT | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0% | 8h | 08:00 | 228.13 | $7k | $527 | TradFi | AsAster | |
| ExExtended | IBM-USD | 0.0% | 0.0% | 3.5% | 3.5% | 4.1% | 23% | 1h | 05:00 | 227.91 | $20k | $125k | TradFi | ExExtended | |
| GrGRVT | IBM_USDT_Perp | 0.0% | 0.2% | 6.2% | 6.4% | 7.2% | 40% | 8h | 08:00 | 228.23 | $409 | $107k | TradFi | GrGRVT | |
| VaVariational | IBM | 0.0% | 0.0% | 1.0% | 1.1% | 1.2% | 13% | 8h | — | 227.96 | $154k | $74k | TradFi | VaVariational | |
| ByBybitCEX | IBMUSDT | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0% | 8h | 08:00 | 228.09 | $1.0M | $15k | TradFi | ByBybit | |
| BgBitgetCEX | IBMUSDT | 0.0% | 0.0% | 0.9% | 0.7% | 1.0% | 14% | 8h | 08:00 | 228.26 | $748k | $144k | TradFi | BgBitget | |
| GtGateCEX | IBM_USDT | 0.0% | 0.0% | 0.0% | 2.5% | 0.0% | 0% | 8h | 08:00 | 228.23 | $462k | $86k | TradFi | GtGate |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| VaVariational | LiLighter | 3.5% | 6.1% | 9.4% | 5.7% | 9.4% | 14.1% | <0.1d | steady | $72k | 8h/1hTradFispread not incl. | VaLi | calc | |
| ByBybitCEX | LiLighter | 3.5% | 6.1% | 10.5% | 6.8% | 7.6% | 11.4% | 3.8d | steady | $72k | 8h/1hTradFi | ByLi | calc | |
| GtGateCEX | LiLighter | 3.5% | 6.1% | 10.5% | 4.3% | 6.5% | 9.8% | 5.2d | steady | $72k | 8h/1hTradFi | GtLi | calc | |
| BgBitgetCEX | LiLighter | 3.5% | 6.1% | 9.6% | 6.1% | 6.5% | 9.7% | 4.6d | steady | $72k | 8h/1hTradFi | BgLi | calc | |
| AsAster | LiLighter | 3.5% | 6.1% | 10.5% | 6.8% | 8.4% | 12.5% | 2.8d | steady | $7k | low OI8h/1hTradFi | AsLi | calc | |
| ExExtended | LiLighter | 3.5% | 6.1% | 6.9% | 3.2% | 5.6% | 8.4% | 2.6d | steady | $20k | low OITradFi | ExLi | calc | |
| VaVariational | GrGRVT | 0.0% | 0.2% | 5.2% | 5.3% | 2.8% | 4.2% | 6.4d | cooling | $409 | low OITradFispread not incl. | VaGr | calc | |
| GrGRVT | LiLighter | 3.5% | 6.0% | 4.2% | 0.4% | 1.9% | 2.8% | 7.8d | weak | $409 | low OI8h/1hTradFi | GrLi | calc | |
| AsAster | GrGRVT | 0.0% | 0.2% | 6.2% | 6.4% | 1.8% | 2.7% | 10.0d | cooling | $409 | low OITradFi | AsGr | calc | |
| VaVariational | ExExtended | 0.0% | 0.0% | 2.5% | 2.4% | 1.2% | 1.8% | 7.4d | weak | $20k | low OI8h/1hTradFispread not incl. | VaEx | calc | |
| ByBybitCEX | GrGRVT | 0.0% | 0.2% | 6.2% | 6.4% | 1.0% | 1.5% | 12d | cooling | $409 | low OITradFi | ByGr | calc | |
| AsAster | ExExtended | 0.0% | 0.0% | 3.5% | 3.5% | 0.1% | 0.2% | 13d | weak | $7k | low OI8h/1hTradFi | AsEx | calc | |
| GtGateCEX | GrGRVT | 0.0% | 0.2% | 6.2% | 3.9% | 0.0% | −0.1% | 14d | cooling | $409 | low OITradFi | GtGr | calc | |
| BgBitgetCEX | GrGRVT | 0.0% | 0.2% | 5.4% | 5.7% | −0.1% | −0.2% | 14d | cooling | $409 | low OITradFi | BgGr | calc | |
| ByBybitCEX | ExExtended | 0.0% | 0.0% | 3.5% | 3.5% | −0.6% | −1.0% | 17d | weak | $20k | low OI8h/1hTradFi | ByEx | calc | |
| ByBybitCEX | VaVariational | 0.0% | 0.0% | 1.0% | 1.1% | −1.8% | −2.7% | 38d | weak | $154k | TradFispread not incl. | ByVa | calc | |
| ExExtended | GrGRVT | 0.0% | 0.2% | 2.7% | 2.8% | −1.0% | −1.4% | 19d | weak | $409 | low OI1h/8hTradFi | ExGr | calc | |
| AsAster | VaVariational | 0.0% | 0.0% | 1.0% | 1.1% | −1.0% | −1.6% | 28d | weak | $7k | low OITradFispread not incl. | AsVa | calc | |
| GtGateCEX | VaVariational | 0.0% | 0.0% | 1.0% | −1.4% | −2.9% | −4.3% | 52d | weak | $154k | TradFispread not incl. | GtVa | calc | |
| BgBitgetCEX | VaVariational | 0.0% | 0.0% | 0.2% | 0.4% | −2.9% | −4.4% | 234d | weak | $154k | TradFispread not incl. | BgVa | calc | |
| GtGateCEX | ExExtended | 0.0% | 0.0% | 3.5% | 1.0% | −1.7% | −2.5% | 21d | weak | $20k | low OI8h/1hTradFi | GtEx | calc | |
| BgBitgetCEX | ExExtended | 0.0% | 0.0% | 2.7% | 2.8% | −1.8% | −2.7% | 23d | weak | $20k | low OI8h/1hTradFi | BgEx | calc | |
| ByBybitCEX | BgBitgetCEX | 0.0% | 0.0% | 0.9% | 0.7% | −5.1% | −7.7% | 98d | weak | $748k | TradFi | ByBg | calc | |
| GtGateCEX | BgBitgetCEX | 0.0% | 0.0% | 0.9% | −1.8% | −6.2% | −9.3% | 115d | weak | $462k | TradFi | GtBg | calc | |
| AsAster | BgBitgetCEX | 0.0% | 0.0% | 0.9% | 0.7% | −4.4% | −6.5% | 85d | weak | $7k | low OITradFi | AsBg | calc | |
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 04:46 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
IBM · TradFi
No two venues give a usable spread right now.
| Buy ↓ · Sell → | BgBitget228.26 | GtGate228.23 | GrGRVT228.227 | AsAster228.13 | ByBybit228.09 | LiLighter228.035 | VaVariational227.961 | ExExtended227.91 |
|---|---|---|---|---|---|---|---|---|
| ExExtended227.91 | 0.154% | 0.140% | 0.139% | 0.097% | 0.079% | 0.055% | 0.022% | — |
| VaVariational227.961 | 0.131% | 0.118% | 0.117% | 0.074% | 0.057% | 0.033% | — | −0.022% |
| LiLighter228.035 | 0.099% | 0.085% | 0.084% | 0.042% | 0.024% | — | −0.033% | −0.055% |
| ByBybit228.09 | 0.075% | 0.061% | 0.060% | 0.018% | — | −0.024% | −0.057% | −0.079% |
| AsAster228.13 | 0.057% | 0.044% | 0.043% | — | −0.018% | −0.042% | −0.074% | −0.097% |
| GrGRVT228.227 | 0.014% | 0.001% | — | −0.043% | −0.060% | −0.084% | −0.117% | −0.139% |
| GtGate228.23 | 0.013% | — | −0.001% | −0.044% | −0.061% | −0.085% | −0.118% | −0.140% |
| BgBitget228.26 | — | −0.013% | −0.014% | −0.057% | −0.075% | −0.099% | −0.131% | −0.154% |
All quotes (8)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 228.13 | 228.13 | mark | 9m | $527 | closedno FX |
| BgBitgetCEX | 228.26 | 228.26 | mark | 8m | $144k | closedno FX |
| ByBybitCEX | 228.09 | 228.09 | mark | 8m | $15k | closedno FX |
| ExExtended | 227.91 | 227.91 | mark | 9m | $125k | closed |
| GtGateCEX | 228.23 | 228.23 | mark | 8m | $86k | closedno FX |
| GrGRVT | 228.227 | 228.227 | mark | 9m | $107k | closedno FX |
| LiLighter | 228.035 | 228.035 | mark | 9m | $19k | closed |
| VaVariational | 227.961 | 227.961 | mark | 9m | $74k | closed |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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