IBM funding rates

IBM perpetual funding is currently quoted across 10 venues, ranging from -42.9% to +3.5% APR. The most reliable delta-neutral pairing for IBM right now is long Decibel / short Phoenix at +4.8% net APR (low risk, ~0.8d to break even).

as of 2026-10-27 23:32 UTC
Best delta-neutral pairing
Long Decibel / Short Phoenix
+4.8% net APR
Backtested (30d)
+5.5%
Stability
73.5%
Risk
low
Breakeven
~0.8d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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IBM funding by exchange

ExchangeFunding APR
Lighter+3.50%
Variational+0.00%
Aster+0.00%
Extended-4.38%
QFEX-8.76%
Grvt-19.82%
Phoenix-24.49%
TradeXYZ-24.85%
TxFlow-31.76%
Decibel-42.92%

Frequently asked

What is the IBM funding rate right now?

IBM perpetual funding ranges from -42.92% to 3.50% APR across 10 exchanges we track; the widest delta-neutral spread is long Decibel / short Phoenix at 4.8% net APR.

Which exchange has the highest IBM funding rate?

Lighter currently has the highest at 3.50% APR. See the full ranking above.