Funding you earn now, next payment 00:00 UTC−0.0322%/8h= −35.3% APRnext payment −$3.22 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against GRVT+0.029%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$870.874% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.029%, 7d avg +0.003%
=Together, before fees−0.097%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.026% dearer against GRVT than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of +0.003%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.135% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT QCOM_USDT_Perp | 195.96 | 0.0322 | pay 0.0322% / 8h | 7h 57m | $6K | $210K | 10x |
| Short | Phemex QCOMUSDT | 196.02 | 0 | get 0.0000% / 8h | 7h 57m | $1.6M | $969K | 10x |
GRVT QCOM_USDT_Perp
Phemex QCOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$67.62
- Price spread: +0.029% → +0.003%
- $2.61
- Slippage, 4 orders
- −$66.44
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$152.46
- Costs to cover
- 0.874%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 15 min ago; Phemex: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GRVT live order book, 15 min ago | 1.53 bp | 12.4 bp −$12 | 836.7 bp −$8,367 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 1.79 bp | 30.1 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
QCOM on 21 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX QCOMUSDC | −0.0039% | 4h | 195.87 | −0.047% | $82K | $266K | 10x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 195.79 | −0.088% | $18K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 196.00 | +0.019% | $2.0M | $1.7M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 195.99 | +0.014% | $1.8M | $3.6M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 196.01 | +0.024% | $4.4M | $3.2M | 50x | as long as short |
| Bitget QCOMUSDT | 0.0000% | 8h | 196.05 | +0.044% | $1.3M | $1.1M | 20x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 195.80 | −0.083% | $752 | $4.8M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 195.81 | −0.078% | $10K | $10K | 20x | as long as short |
| Phemex QCOMUSDTshort | 0.0000% | 8h | 196.02 | +0.029% | $1.6M | $969K | 10x | |
| Lighter QCOM | +0.0032% | 1h | 195.80 | −0.083% | — | — | 10x | as long as short |
edgeX QCOMUSDC
Aster QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Bitget QCOMUSDT
SunX QCOM-USDT
HTX QCOM-USDT
Lighter QCOMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX QCOM-USD | +0.0040% | 1h | 195.95 | −0.007% | $1.2M | $3.0M | 10x | as long as short |
| Polymarket Perps QCOM-USD | +0.0050% | 1h | 196.01 | +0.024% | $85K | $890K | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 195.83 | −0.068% | $319K | $512K | 20x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 215.33 | +9.883% | $26K | $25K | 12x | as long as short |
| Variational Omni QCOM | +0.0274% | 8h | 195.96 | −0.002% | $322K | $75K | — | as long as short |
| BloFin QCOM-USDT | +0.0318% | 8h | 195.89 | −0.037% | $126K | $50K | 20x | as long as short |
| GRVT QCOM_USDT_Perplong | +0.0322% | 8h | 195.96 | long leg | $6K | $210K | 10x | |
| Binance QCOMUSDT | +0.0325% | 8h | 196.01 | +0.023% | $10.9M | $22.9M | 20x | as long as short |
| Extended QCOM-USD | +0.0328% | 1h | 195.92 | −0.021% | $105K | $262K | 10x | as long as short |
| Phoenix QCOM | +0.0410% | 1h | 196.06 | +0.049% | $98K | $249K | 10x | as long as short |
| tradeXYZ xyz:QCOM | +0.0413% | 1h | 196.04 | +0.039% | $7.2M | $2.2M | 10x | as long as short |
QFEX QCOM-USD
Polymarket Perps QCOM-USD
KuCoin QCOMUSDTM
Injective QCOM/USDC PERP
Variational Omni QCOM
BloFin QCOM-USDT
Binance QCOMUSDT
Extended QCOM-USD
Phoenix QCOM
tradeXYZ xyz:QCOM