IBM funding rates and arbitrage
IBM perpetuals trade on 12 contracts across 12 venues, forming 66 cross-venue arbitrage pairs. By net APR the current best pair is long WhiteBIT against short Lighter, netting +14.45%, though note the legs settle on different cadences (8h / 1h)ใ
IBM perpetual funding rates by venue
APR = current rate ร (24 รท settlement interval) ร 365. Venues settle on different cadences, so rates must be annualised before comparing.
| Venue | Contract | Margin | Settlement | Current rate | APR | 24h avg APR | 24h volume | Mark |
|---|---|---|---|---|---|---|---|---|
| LBank | IBMUSDT | USDT | 8h | 0.0000% | 0.00% | +0.25% | $1.2M | 235.120 |
| WhiteBIT | IBM_PERP | USDT | 8h | -0.0100% | -10.95% | -14.25% | $853K | 235.280 |
| Lighter | IBM | USDC | 1h | 0.0004% | +3.50% | +12.46% | $784K | 234.940 |
| KuCoin | IBMUSDTM | USDT | 8h | 0.0000% | 0.00% | 0.00% | $676K | 235.110 |
| Bitget | IBMUSDT | USDT | 8h | 0.0000% | 0.00% | +0.30% | $427K | 235.170 |
| Bybit | IBMUSDT | USDT | 8h | 0.0000% | 0.00% | -7.51% | $347K | 234.950 |
| OKX | IBM-USDT-SWAP | USDT | 8h | 0.0000% | 0.00% | 0.00% | $330K | 235.120 |
| MEXC | IBMSTOCK_USDT | USDT | 8h | 0.0000% | 0.00% | +0.24% | $326K | 235.160 |
| Gate | IBM_USDT | USDT | 8h | 0.0000% | 0.00% | -9.10% | $240K | 235.030 |
| HTX | IBM-USDT | USDT | 8h | 0.0000% | 0.00% | 0.00% | $56K | 235.010 |
| Crypto.com | IBMUSD-PERP | USD | 4h | 0.0015% | +3.26% | -10.65% | $3K | 234.690 |
| Aster | IBMUSDT | USDT | 8h | 0.0000% | 0.00% | 0.00% | $2K | 235.085 |
IBM cross-venue arbitrage pairs
Short the higher-APR leg and go long the lower one; net APR = short leg โ long leg.
| Long | Short | Net APR | Daily | 24h avg | Settlement | Liquidity |
|---|---|---|---|---|---|---|
| WhiteBIT USDT | Lighter USDC | +14.45% | 0.0396% | +26.72% | 8h / 1h | $784K |
| WhiteBIT USDT | Crypto.com USD | +14.21% | 0.0389% | +3.60% | 8h / 4h | $3K |
| WhiteBIT USDT | Aster USDT | +10.95% | 0.0300% | +14.25% | 8h matched | $2K |
| WhiteBIT USDT | Bitget USDT | +10.95% | 0.0300% | +14.55% | 8h matched | $427K |
| WhiteBIT USDT | Bybit USDT | +10.95% | 0.0300% | +6.75% | 8h matched | $347K |
| WhiteBIT USDT | Gate USDT | +10.95% | 0.0300% | +5.15% | 8h matched | $240K |
| WhiteBIT USDT | HTX USDT | +10.95% | 0.0300% | +14.25% | 8h matched | $56K |
| WhiteBIT USDT | KuCoin USDT | +10.95% | 0.0300% | +14.25% | 8h matched | $676K |
| WhiteBIT USDT | LBank USDT | +10.95% | 0.0300% | +14.51% | 8h matched | $853K |
| WhiteBIT USDT | MEXC USDT | +10.95% | 0.0300% | +14.50% | 8h matched | $326K |
| WhiteBIT USDT | OKX USDT | +10.95% | 0.0300% | +14.25% | 8h matched | $330K |
| Aster USDT | Lighter USDC | +3.50% | 0.0096% | +12.46% | 8h / 1h | $2K |
International Business Machines (Backpack Securities) project profile
- Total
- 947
- Max supply
- unlimited
- Type
- Token
- Market cap rank
- #4694
BMKdM4yUxX12moFqVk195k7coMbaybd4RUKCUdm7D1SkAbout
International Business Machines (Backpack Securities) is a digital representation of private equity, specifically designed to bridge the gap between traditional financial markets and the on-chain ecosystem. Unlike synthetic derivatives or perpetual contracts that merely track price movements through oracles, IBM represents a tangible claim on the underlying asset. The project is part of the emerging sector of Real World Assets (RWA), which focuses on digitizing physical or financial instruments to improve liquidity and accessibility.
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