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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 05:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h −0.033%
Price spread now: BloFin against Phoenix+0.129%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Long on PhoenixShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.327%−$33 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.129%, 7d avg −0.010%
Together, before fees−0.370%−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.139% dearer against Phoenix than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of −0.010%): +$14 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.327% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.327% in total (about -17.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix QCOM193.200.0496pay 0.0062% / 1h35m 55s$97K$239K10x
ShortBloFin QCOM-USDT193.450.0021get 0.0021% / 8h2h 35m$130K$54K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Phoenix. 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
−$99.88
Price spread: +0.129% → −0.010%
$13.95
Slippage, 4 orders
−$37.23
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$142.16
Costs to cover
0.562%
Break-even
never at this rate
Slippage from Phoenix: live order book, 9 min ago; BloFin: live order book, 43 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 Phoenix live order book, 9 min ago5.67 bp16.6 bp −$1736.2 bp −$362doesn't fitdoesn't fit
Sell BloFin live order book, 43 min ago1.29 bp10.7 bp −$1123.7 bp −$237doesn'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
edgeX QCOMUSDC−0.0537%4h193.24+0.018%$80K$273K10xas long as short
Bitget QCOMUSDT−0.0226%8h193.35+0.078%$1.3M$1.1M20xas long as short
Aster QCOMUSDT0.0000%8h193.18−0.009%$17K$11K20xas long as short
Bybit QCOMUSDT0.0000%8h193.38+0.093%$1.7M$2.4M25xas long as short
OKX QCOM-USDT-SWAP0.0000%8h193.32+0.062%$1.8M$3.7M20xas long as short
Gate QCOM_USDT0.0000%8h193.35+0.078%$4.4M$3.4M50xas long as short
Variational Omni QCOM0.0000%8h193.26+0.031%$306K$84K—as long as short
GRVT QCOM_USDT_Perp0.0000%8h193.29+0.049%$6K$186K10xas long as short
SunX QCOM-USDT0.0000%8h193.08−0.062%$633$4.5M10xas long as short
HTX QCOM-USDT0.0000%8h193.43+0.119%$9K$11K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex QCOMUSDT0.0000%8h193.31+0.057%$1.6M$1.1M10xas long as short
BloFin QCOM-USDTshort+0.0021%8h193.45+0.129%$130K$54K20x
Binance QCOMUSDT+0.0021%8h193.30+0.052%$11.0M$23.9M20xas long as short
Extended QCOM-USD+0.0024%1h193.25+0.026%$101K$472K10xas long as short
Lighter QCOM+0.0032%1h193.12−0.041%——10xas long as short
QFEX QCOM-USD+0.0058%1h193.33+0.067%$1.2M$3.2M10xas long as short
KuCoin QCOMUSDTM+0.0100%8h193.12−0.041%$315K$550K20xas long as short
Injective QCOM/USDC PERP+0.0220%1h212.38+9.928%$25K$25K12xas long as short
Polymarket Perps QCOM-USD+0.0234%1h193.36+0.083%$76K$897K10xas long as short
Phoenix QCOMlong+0.0496%1h193.20long leg$97K$239K10x
tradeXYZ xyz:QCOM+0.0692%1h193.40+0.104%$7.5M$2.6M10xas long as short