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Funding arb · Price arb /

QCOM

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0450%/8h= +49.3% APRpaid last 24h +0.100%
Price spread now: Phoenix against Phemex−0.144%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1001.003% of the position
Long on PhemexShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.427%+$43 on $10k
Price spread, last 4 days (all we have)0.000%$0 · spread now −0.144%, 7d avg −0.005%
Together, before fees+0.427%+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.139% cheaper against Phemex than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of −0.005%). If the spread goes back, that is −$14 on $10k: about 25 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.427% in total) that is about 2.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex QCOMUSDT193.900get 0.0000% / 8h2h 54m$1.6M$1.0M10x
ShortPhoenix QCOM193.620.0450get 0.0056% / 1h54m 41s$97K$239K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$94.6
Price spread: −0.144% → −0.005%
−$13.95
Slippage, 4 orders
−$81.32
Fee Phemex: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$19.67
Costs to cover
1.003%
Break-even
8.5 days
Slippage from Phemex: live order book, 3 min ago; Phoenix: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago1.55 bp26.7 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 55 min ago7.71 bp22.0 bp −$2248.9 bp −$489doesn't fitdoesn't fit

QCOM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget QCOMUSDT−0.0226%8h193.85−0.026%$1.3M$1.1M20xas long as short
Aster QCOMUSDT0.0000%8h193.82−0.041%$17K$11K20xas long as short
Bybit QCOMUSDT0.0000%8h193.88−0.010%$1.9M$2.2M25xas long as short
OKX QCOM-USDT-SWAP0.0000%8h193.900.000%$1.8M$3.7M20xas long as short
Gate QCOM_USDT0.0000%8h193.900.000%$4.4M$3.3M50xas long as short
Variational Omni QCOM0.0000%8h193.88−0.012%$307K$84K—as long as short
GRVT QCOM_USDT_Perp0.0000%8h193.78−0.062%$6K$186K10xas long as short
SunX QCOM-USDT0.0000%8h193.53−0.191%$774$4.5M10xas long as short
HTX QCOM-USDT0.0000%8h193.63−0.139%$9K$11K20xas long as short
Phemex QCOMUSDTlong0.0000%8h193.90long leg$1.6M$1.0M10x
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter QCOM+0.0032%1h193.68−0.113%——10xas long as short
Extended QCOM-USD+0.0048%1h193.82−0.043%$101K$472K10xas long as short
Binance QCOMUSDT+0.0048%8h193.900.000%$11.0M$23.7M20xas long as short
BloFin QCOM-USDT+0.0052%8h193.87−0.015%$130K$54K20xas long as short
QFEX QCOM-USD+0.0058%1h193.87−0.015%$1.2M$3.2M10xas long as short
KuCoin QCOMUSDTM+0.0100%8h193.60−0.155%$315K$549K20xas long as short
Injective QCOM/USDC PERP+0.0220%1h212.60+9.644%$25K$25K12xas long as short
edgeX QCOMUSDC+0.0240%4h193.63−0.141%$80K$272K10xas long as short
Polymarket Perps QCOM-USD+0.0253%1h193.77−0.067%$78K$897K10xas long as short
Phoenix QCOMshort+0.0450%1h193.62−0.144%$97K$239K10x
tradeXYZ xyz:QCOM+0.0769%1h194.05+0.077%$7.5M$2.6M10xas long as short