IBM funding rate on Phoenix

Funding APR
+48.12%
0.0055% / 1h
Interval
1h
next 23:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
10
listing this pair

Over the last 6.2 days, IBM funding on Phoenix averaged +16.6% APR and stayed positive 67.3% of the time, ranging from -30.4% to +55.9%. Right now it pays longs pay shorts at +48.1% APR, settled every 1h across 10 venues we track. The most reliable delta-neutral pairing for IBM right now is long QFEX / short Phoenix at +37.3% net APR (low risk, ~1.8d to break even).

as of 2026-10-19 22:07 UTC

IBM funding history on Phoenixlast 6d

30d average
+16.65%
Range
-30% / 56%
% positive
67.3%
Volatility
18.3
Best delta-neutral pairing
Long QFEX / Short Phoenix
+37.3% net APR
Backtested (30d)
+3.4%
Stability
77.1%
Risk
low
Breakeven
~1.8d

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

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How IBM funding compares across venues

ExchangeFunding APR
TxFlow+99.33%
Phoenix+48.12%
Grvt+40.95%
Extended+13.14%
Lighter+3.50%
TradeXYZ+1.78%
Variational+0.60%
QFEX+0.00%
Decibel+0.00%
Aster+0.00%

Frequently asked

What is the current IBM funding rate on Phoenix?

IBM on Phoenix is funding at 48.12% APR (0.0055% every 1h), paid longs pay shorts, as of 2026-10-19 22:07 UTC.

How often does Phoenix pay funding on IBM?

Every 1 hour.

How do I earn IBM funding without price risk?

Open a delta-neutral position: long QFEX and short Phoenix, currently 37.3% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy