IBM funding rates and arbitrage
Updated 2026-11-11 23:06 UTC
Best IBM arbitrage after every cost
| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| IBM | Perp ↔ perp | MEXC IBMSTOCK_USDT | Hyperliquid xyz:IBM | — | — | — | Watch |
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
IBM funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Lighter | IBM | 0.0209% | 1 h | +183.1% | −2.4% | $162.8K | 2026-11-12 00:00 |
| TXFlow | IBM-USDC | 0.0194% | 1 h | +169.6% | — | $11.7K | 2026-11-12 00:00 |
| Hyperliquid | xyz:IBM | 0.0190% | 1 h | +166.9% | −9.7% | $17.1M | 2026-11-12 00:00 |
| Ondo Perps | IBM-USD.P | 0.0144% | 1 h | +126.1% | — | $100.5K | 2026-11-12 00:00 |
| Phoenix | IBM | 0.0129% | 1 h | +112.9% | +6.6% | — | 2026-11-12 00:00 |
| GRVT | IBM_USDT_Perp | 0.0549% | 8 h | +60.1% | −4.6% | $386 | 2026-11-12 00:00 |
| Binance | IBMUSDT | 0.0350% | 8 h | +38.3% | −38.6% | $4.3M | 2026-11-12 00:00 |
| Extended | IBM-USD | 0.0042% | 1 h | +36.8% | +0.8% | $2.6K | 2026-11-12 00:00 |
| LBank | IBMUSDT | 0.0335% | 8 h | +36.7% | 0.0% | — | 2026-11-12 00:00 |
| MEXC | IBMSTOCK_USDT | 0.0335% | 8 h | +36.7% | −39.4% | $249.4K | 2026-11-12 00:00 |
| Bybit | IBMUSDT | 0.0203% | 8 h | +22.2% | −18.1% | $3.3M | 2026-11-12 00:00 |
| WhiteBIT | IBM_PERP | 0.0183% | 8 h | +20.0% | −18.5% | $980.5K | 2026-11-12 00:00 |
| QFEX | IBM-USD | 0.0020% | 1 h | +17.5% | — | $917K | 2026-11-11 23:59 |
| Variational | IBM-PERP | 0.0150% | 8 h | +16.5% | 0.0% | $23.8K | 2026-11-12 00:00 |
| KuCoin | IBMUSDTM | 0.0132% | 8 h | +14.5% | −21.8% | $775.4K | 2026-11-12 00:00 |
| OKX | IBM-USDT-SWAP | 0.0071% | 8 h | +7.8% | −19.4% | $1M | 2026-11-12 00:00 |
| Bitunix | IBMUSDT | 0.0001% | 8 h | +0.1% | −2.9% | — | 2026-11-12 00:00 |
| Bitget | IBMUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $390.3K | 2026-11-12 00:00 |
| HTX | IBM-USDT | 0.0000% | 8 h | 0.0% | −0.1% | $10.5K | 2026-11-12 00:00 |
| Aster | IBMUSDT | 0.0000% | 8 h | 0.0% | +0.0% | $511.8K | 2026-11-12 00:00 |
| Gate | IBM_USDT | 0.0000% | 8 h | 0.0% | +4.1% | $1.1M | 2026-11-12 00:00 |
| Crypto.com | IBMUSD-PERP | -0.0035% | 1 h | −30.3% | −58.5% | $9.1K | 2026-11-12 00:00 |
Cost to enter $10,000 of IBM
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Hyperliquid | xyz:IBM | 7.9 bp | live order book |
| MEXC | IBMSTOCK_USDT | 11.4 bp | live order book |
| Bybit | IBMUSDT | 14.9 bp | live order book |
| Gate | IBM_USDT | 16.4 bp | live order book |
| OKX | IBM-USDT-SWAP | 16.6 bp * | live order book |
| Bitget | IBMUSDT | 32.1 bp | live order book |
| Aster | IBMUSDT | 45.6 bp | live order book |
| KuCoin | IBMUSDTM | 100.9 bp | live order book |
| Lighter | IBM | 0.6 bp | top of book only |
| Variational | IBM-PERP | 3.6 bp | top of book only |
| Extended | IBM-USD | 3.8 bp | top of book only |
| GRVT | IBM_USDT_Perp | 6.5 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is IBM funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no IBM pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest IBM funding rate?
Lighter at +183.1% a year (0.0209% every 1 h); the lowest is Crypto.com at −30.3%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.