Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.054%
Price spread now: Phemex against Injective−9.125%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 9.125% cheaper against Injective than usual: you would sell low and buy high (−$913 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective QCOM/USDC PERP | 215.78 | 0.0220 | pay 0.0028% / 1h | 43m 53s | $26K | $25K | 12x |
| Short | Phemex QCOMUSDT | 196.09 | 0 | get 0.0000% / 8h | 4h 43m | $1.6M | $1.0M | 10x |
Injective QCOM/USDC PERP
Phemex QCOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- −$46.2
- Price spread: −9.125% → 0.000%
- −$912.5
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$970.72
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 1.53 bp | 35.2 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0562% | 4h | 195.96 | −9.184% | $81K | $272K | 10x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 196.01 | −9.164% | $18K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 195.97 | −9.181% | $2.5M | $1.8M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 196.10 | −9.120% | $1.8M | $3.7M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 196.06 | −9.139% | $4.5M | $3.2M | 50x | as long as short |
| Bitget QCOMUSDT | 0.0000% | 8h | 196.02 | −9.157% | $1.3M | $1.1M | 20x | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 195.96 | −9.185% | $6K | $191K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 195.88 | −9.222% | $738 | $4.6M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 196.05 | −9.144% | $10K | $10K | 20x | as long as short |
| Phemex QCOMUSDTshort | 0.0000% | 8h | 196.09 | −9.125% | $1.6M | $1.0M | 10x |
edgeX QCOMUSDC
Aster QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Bitget QCOMUSDT
GRVT QCOM_USDT_Perp
SunX QCOM-USDT
HTX QCOM-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QCOM | +0.0032% | 1h | 195.76 | −9.278% | — | — | 10x | as long as short |
| QFEX QCOM-USD | +0.0032% | 1h | 195.98 | −9.176% | $1.2M | $3.3M | 10x | as long as short |
| Variational Omni QCOM | +0.0049% | 8h | 195.96 | −9.186% | $318K | $78K | — | as long as short |
| Polymarket Perps QCOM-USD | +0.0077% | 1h | 196.15 | −9.097% | $83K | $894K | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 195.89 | −9.218% | $319K | $522K | 20x | as long as short |
| BloFin QCOM-USDT | +0.0108% | 8h | 196.04 | −9.148% | $129K | $55K | 20x | as long as short |
| Binance QCOMUSDT | +0.0111% | 8h | 196.12 | −9.111% | $11.1M | $22.8M | 20x | as long as short |
| Extended QCOM-USD | +0.0112% | 1h | 196.04 | −9.149% | $102K | $418K | 10x | as long as short |
| Injective QCOM/USDC PERPlong | +0.0220% | 1h | 215.78 | long leg | $26K | $25K | 12x | |
| Phoenix QCOM | +0.0448% | 1h | 195.99 | −9.171% | $98K | $239K | 10x | as long as short |
| tradeXYZ xyz:QCOM | +0.0489% | 1h | 196.24 | −9.056% | $7.4M | $2.4M | 10x | as long as short |
Lighter QCOM
QFEX QCOM-USD
Variational Omni QCOM
Polymarket Perps QCOM-USD
KuCoin QCOMUSDTM
BloFin QCOM-USDT
Binance QCOMUSDT
Extended QCOM-USD
Phoenix QCOM
tradeXYZ xyz:QCOM