Funding you earn now, next payment 08:00 UTC+0.0165%/8h= +18.1% APRnext payment +$1.65 per $10,000 · paid last 24h +0.069%
Price spread now: Binance against Phemex−0.072%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$740.736% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.072%, 7d avg −0.021%
=Funding pays, the price is against you. Binance is 0.052% cheaper against Phemex than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.021%). If the spread goes back, that is −$5 on $10k: about 25 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.099% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QCOMUSDT | 195.92 | 0 | get 0.0000% / 8h | 5h 37m | $1.6M | $998K | 10x |
| Short | Binance QCOMUSDT | 195.78 | 0.0165 | get 0.0165% / 8h | 5h 37m | $11.1M | $23.4M | 20x |
Phemex QCOMUSDT
Binance QCOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $34.7
- Price spread: −0.072% → −0.021%
- −$5.17
- Slippage, 4 orders
- −$51.57
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$44.03
- Costs to cover
- 0.736%
- Break-even
- 15.9 days
Slippage from Phemex: live order book, 1 min ago; Binance: live order book, 4 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 Phemex live order book, 1 min ago | 2.04 bp | 23.9 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.51 bp | 13.7 bp −$14 | 32.5 bp −$325 | 132.6 bp −$13.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster QCOMUSDT | 0.0000% | 8h | 195.77 | −0.076% | $18K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 195.68 | −0.122% | $2.5M | $1.8M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 195.83 | −0.046% | $1.8M | $3.7M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 195.88 | −0.020% | $4.4M | $3.3M | 50x | as long as short |
| Bitget QCOMUSDT | 0.0000% | 8h | 195.88 | −0.020% | $1.3M | $1.1M | 20x | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 195.91 | −0.007% | $6K | $191K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 195.67 | −0.128% | $908 | $4.6M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 195.83 | −0.046% | $10K | $10K | 20x | as long as short |
| Phemex QCOMUSDTlong | 0.0000% | 8h | 195.92 | long leg | $1.6M | $998K | 10x | |
| Lighter QCOM | +0.0032% | 1h | 195.74 | −0.092% | — | — | 10x | as long as short |
Aster QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Bitget QCOMUSDT
GRVT QCOM_USDT_Perp
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 | +0.0062% | 1h | 195.86 | −0.031% | $1.2M | $3.4M | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 195.62 | −0.153% | $319K | $547K | 20x | as long as short |
| Variational Omni QCOM | +0.0122% | 8h | 195.77 | −0.078% | $321K | $74K | — | as long as short |
| Binance QCOMUSDTshort | +0.0165% | 8h | 195.78 | −0.072% | $11.1M | $23.4M | 20x | |
| Extended QCOM-USD | +0.0168% | 1h | 195.74 | −0.094% | $107K | $412K | 10x | as long as short |
| BloFin QCOM-USDT | +0.0169% | 8h | 195.87 | −0.026% | $129K | $55K | 20x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 215.37 | +9.928% | $26K | $25K | 12x | as long as short |
| Polymarket Perps QCOM-USD | +0.0248% | 1h | 195.86 | −0.031% | $83K | $895K | 10x | as long as short |
| Phoenix QCOM | +0.0449% | 1h | 196.01 | +0.046% | $98K | $239K | 10x | as long as short |
| tradeXYZ xyz:QCOM | +0.0586% | 1h | 195.99 | +0.036% | $7.4M | $2.3M | 10x | as long as short |
| edgeX QCOMUSDC | +0.0907% | 4h | 195.68 | −0.123% | $81K | $270K | 10x | as long as short |
QFEX QCOM-USD
KuCoin QCOMUSDTM
Variational Omni QCOM
Extended QCOM-USD
BloFin QCOM-USDT
Injective QCOM/USDC PERP
Polymarket Perps QCOM-USD
Phoenix QCOM
tradeXYZ xyz:QCOM
edgeX QCOMUSDC