Funding you earn now, next payment 02:00 UTC−0.0449%/8h= −49.1% APRpaid last 24h −0.026%
Price spread now: GRVT against Phoenix+0.015%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days−0.286%−$29 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.015%, 7d avg −0.009%
=Together, before fees−0.142%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.024% dearer against Phoenix than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.009%): +$2 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.286% in total) that is about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.286% in total (about -14.9% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QCOM | 195.98 | 0.0449 | pay 0.0056% / 1h | 14m 08s | $98K | $239K | 10x |
| Short | GRVT QCOM_USDT_Perp | 196.01 | 0 | get 0.0000% / 8h | 5h 14m | $6K | $191K | 10x |
Phoenix QCOM
GRVT QCOM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Phoenix. 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
- −$94.25
- Price spread: +0.015% → −0.009%
- $2.42
- Slippage, 4 orders
- −$53.62
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$161.45
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 46 min ago; GRVT: live order book, 48 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 Phoenix live order book, 46 min ago | 7.64 bp | 21.5 bp −$22 | 47.5 bp −$475 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 48 min ago | 1.53 bp | 13.7 bp −$14 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster QCOMUSDT | 0.0000% | 8h | 195.97 | −0.004% | $18K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 195.85 | −0.066% | $2.5M | $1.9M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 196.07 | +0.046% | $1.8M | $3.7M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 196.09 | +0.056% | $4.5M | $3.3M | 50x | as long as short |
| Bitget QCOMUSDT | 0.0000% | 8h | 196.04 | +0.031% | $1.3M | $1.1M | 20x | as long as short |
| GRVT QCOM_USDT_Perpshort | 0.0000% | 8h | 196.01 | +0.015% | $6K | $191K | 10x | |
| SunX QCOM-USDT | 0.0000% | 8h | 195.79 | −0.097% | $664 | $4.6M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 196.13 | +0.077% | $10K | $10K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 196.06 | +0.041% | $1.6M | $999K | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 195.78 | −0.102% | — | — | 10x | as long as short |
Aster QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Bitget QCOMUSDT
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDT
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 | 195.99 | +0.005% | $1.2M | $3.3M | 10x | as long as short |
| Variational Omni QCOM | +0.0093% | 8h | 195.99 | +0.006% | $322K | $75K | — | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 195.86 | −0.061% | $319K | $539K | 20x | as long as short |
| BloFin QCOM-USDT | +0.0144% | 8h | 196.01 | +0.015% | $129K | $55K | 20x | as long as short |
| Extended QCOM-USD | +0.0152% | 1h | 195.98 | 0.000% | $104K | $415K | 10x | as long as short |
| Binance QCOMUSDT | +0.0152% | 8h | 195.99 | +0.005% | $11.1M | $23.4M | 20x | as long as short |
| edgeX QCOMUSDC | +0.0172% | 4h | 195.99 | +0.004% | $81K | $272K | 10x | as long as short |
| Polymarket Perps QCOM-USD | +0.0198% | 1h | 196.07 | +0.046% | $83K | $894K | 10x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 215.34 | +9.879% | $26K | $25K | 12x | as long as short |
| Phoenix QCOMlong | +0.0449% | 1h | 195.98 | long leg | $98K | $239K | 10x | |
| tradeXYZ xyz:QCOM | +0.0569% | 1h | 196.18 | +0.102% | $7.4M | $2.4M | 10x | as long as short |
QFEX QCOM-USD
Variational Omni QCOM
KuCoin QCOMUSDTM
BloFin QCOM-USDT
Extended QCOM-USD
Binance QCOMUSDT
edgeX QCOMUSDC
Polymarket Perps QCOM-USD
Injective QCOM/USDC PERP
tradeXYZ xyz:QCOM