# IBM funding rates and arbitrage

Updated 2026-11-11 23:16 UTC · https://afterfees.xyz/coin/IBM

## Best IBM arbitrage after every cost

No IBM pair nets a profit at this size right now.

_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 |
|---|---|---|---|---|---|---|---|
| [TXFlow](https://afterfees.xyz/venues/txflow) | IBM-USDC | 0.0202% | 1 h | +176.8% | — | $11.7K | 2026-11-12 00:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | IBM | 0.0200% | 1 h | +175.2% | −2.4% | $163.9K | 2026-11-12 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:IBM | 0.0179% | 1 h | +156.8% | −9.7% | $17M | 2026-11-12 00:00 |
| [Ondo Perps](https://afterfees.xyz/venues/ondo) | IBM-USD.P | 0.0149% | 1 h | +130.9% | — | $102.2K | 2026-11-12 00:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | IBM | 0.0129% | 1 h | +112.9% | +6.6% | — | 2026-11-12 00:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | IBM_USDT_Perp | 0.0627% | 8 h | +68.7% | −4.6% | $306 | 2026-11-12 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | IBMUSDT | 0.0445% | 8 h | +48.7% | −38.5% | $4.3M | 2026-11-12 00:00 |
| [Extended](https://afterfees.xyz/venues/extended) | IBM-USD | 0.0055% | 1 h | +48.2% | +0.8% | $2.6K | 2026-11-12 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | IBMUSDT | 0.0440% | 8 h | +48.2% | 0.0% | — | 2026-11-12 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | IBMSTOCK_USDT | 0.0439% | 8 h | +48.1% | −39.3% | $248.7K | 2026-11-12 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | IBM_PERP | 0.0321% | 8 h | +35.1% | −18.5% | $972K | 2026-11-12 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | IBMUSDT | 0.0307% | 8 h | +33.6% | −18.1% | $3.3M | 2026-11-12 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | IBM-PERP | 0.0264% | 8 h | +28.9% | 0.0% | $23.8K | 2026-11-12 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | IBM-USDT-SWAP | 0.0226% | 8 h | +24.7% | −19.3% | $1M | 2026-11-12 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | IBMUSDTM | 0.0219% | 8 h | +24.0% | −21.8% | $774K | 2026-11-12 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | IBMUSDT | 0.0196% | 8 h | +21.5% | −2.8% | — | 2026-11-12 00:00 |
| [QFEX](https://afterfees.xyz/venues/qfex) | IBM-USD | 0.0020% | 1 h | +17.5% | — | $915.5K | 2026-11-11 23:59 |
| [Bitget](https://afterfees.xyz/venues/bitget) | IBMUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $387.2K | 2026-11-12 00:00 |
| [HTX](https://afterfees.xyz/venues/htx) | IBM-USDT | 0.0000% | 8 h | 0.0% | −0.1% | $10.6K | 2026-11-12 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | IBMUSDT | 0.0000% | 8 h | 0.0% | +0.0% | $511.3K | 2026-11-12 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | IBM_USDT | 0.0000% | 8 h | 0.0% | +4.1% | $1.1M | 2026-11-12 00:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | IBMUSD-PERP | -0.0035% | 1 h | −30.3% | −58.4% | $9.1K | 2026-11-12 00:00 |

## Cost to enter $10,000 of IBM

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Hyperliquid | xyz:IBM | 9.4 bp | live order book |
| Bybit | IBMUSDT | 13.7 bp | live order book |
| Gate | IBM_USDT | 14.0 bp | live order book |
| OKX | IBM-USDT-SWAP | 26.9 bp * | live order book |
| Bitget | IBMUSDT | 27.8 bp | live order book |
| Aster | IBMUSDT | 30.9 bp | live order book |
| KuCoin | IBMUSDTM | 232.4 bp | live order book |
| Lighter | IBM | 2.4 bp | top of book only |
| Variational | IBM-PERP | 3.2 bp | top of book only |
| MEXC | IBMSTOCK_USDT | 3.4 bp | top of book only |
| Extended | IBM-USD | 3.8 bp | top of book only |
| Binance | IBMUSDT | 6.0 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?**

TXFlow at +176.8% a year (0.0202% 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._