Funding you earn now, next payment 02:00 UTC−0.0229%/8h= −25.1% APRnext payment −$0.29 per $10,000 · paid last 24h −0.045%
Price spread now: Injective against Phoenix+9.879%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Injective is 9.879% dearer against Phoenix than usual: you sell high and buy low (spread +9.879% now, against zero (this spread has no 7-day history yet)): +$988 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5 months.
| 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 10s | $98K | $239K | 10x |
| Short | Injective QCOM/USDC PERP | 215.34 | 0.0220 | get 0.0028% / 1h | 14m 10s | $26K | $25K | 12x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$48.05
- Price spread: +9.879% → 0.000%
- $987.86
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $932.78
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 46 min ago; Injective: no order-book sample. 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 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 Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| 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_Perp | 0.0000% | 8h | 196.01 | +0.015% | $6K | $191K | 10x | as long as short |
| 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 |
Show 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 PERPshort | +0.0220% | 1h | 215.34 | +9.879% | $26K | $25K | 12x | |
| 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 |
Phoenix QCOM
Injective QCOM/USDC PERP
Aster QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Bitget QCOMUSDT
GRVT QCOM_USDT_Perp
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDT
Lighter QCOM
Variational Omni QCOM
KuCoin QCOMUSDTM
BloFin QCOM-USDT
Extended QCOM-USD
Binance QCOMUSDT
edgeX QCOMUSDC
Polymarket Perps QCOM-USD
tradeXYZ xyz:QCOM