Funding you earn now, next payment 04:00 UTC−0.0350%/8h= −38.4% APRpaid last 24h −0.070%
Price spread now: KuCoin against Phoenix−0.165%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2062.064% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.165%, 7d avg −0.075%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.090% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.075%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.217% in total (about -11.3% 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 | 193.85 | 0.0450 | pay 0.0056% / 1h | 27m 29s | $97K | $239K | 10x |
| Short | KuCoin QCOMUSDTM | 193.53 | 0.0100 | get 0.0100% / 8h | 3h 27m | $316K | $533K | 20x |
Phoenix QCOM
KuCoin QCOMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$73.6
- Price spread: −0.165% → −0.075%
- −$8.98
- Slippage, 4 orders
- −$187.45
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$289.03
- Costs to cover
- 2.064%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 22 min ago; KuCoin: live order book, 46 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, 22 min ago | 7.71 bp | 22.0 bp −$22 | 48.7 bp −$487 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 46 min ago | 16.37 bp | 63.8 bp −$64 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget QCOMUSDT | −0.0046% | 8h | 193.85 | 0.000% | $1.3M | $1.1M | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 193.55 | −0.153% | $17K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.50 | −0.181% | $2.4M | $1.9M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.70 | −0.077% | $1.8M | $3.7M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 193.69 | −0.083% | $4.4M | $3.2M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 193.57 | −0.144% | $306K | $85K | — | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 193.69 | −0.082% | $6K | $188K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 193.57 | −0.144% | $660 | $4.5M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.55 | −0.155% | $10K | $10K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 193.87 | +0.010% | $1.6M | $1.0M | 10x | as long as short |
Bitget QCOMUSDT
Aster QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Variational Omni QCOM
GRVT QCOM_USDT_Perp
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX QCOM-USD | +0.0029% | 1h | 193.80 | −0.026% | $1.2M | $3.2M | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 193.52 | −0.170% | — | — | 10x | as long as short |
| BloFin QCOM-USDT | +0.0035% | 8h | 193.74 | −0.057% | $128K | $54K | 20x | as long as short |
| Binance QCOMUSDT | +0.0063% | 8h | 193.66 | −0.098% | $11.1M | $23.1M | 20x | as long as short |
| Extended QCOM-USD | +0.0064% | 1h | 193.72 | −0.065% | $101K | $419K | 10x | as long as short |
| KuCoin QCOMUSDTMshort | +0.0100% | 8h | 193.53 | −0.165% | $316K | $533K | 20x | |
| Polymarket Perps QCOM-USD | +0.0181% | 1h | 193.76 | −0.046% | $79K | $895K | 10x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 213.29 | +10.028% | $25K | $25K | 12x | as long as short |
| Phoenix QCOMlong | +0.0450% | 1h | 193.85 | long leg | $97K | $239K | 10x | |
| tradeXYZ xyz:QCOM | +0.0703% | 1h | 193.76 | −0.046% | $7.5M | $2.6M | 10x | as long as short |
| edgeX QCOMUSDC | +0.0797% | 4h | 193.63 | −0.112% | $80K | $271K | 10x | as long as short |
QFEX QCOM-USD
Lighter QCOM
BloFin QCOM-USDT
Binance QCOMUSDT
Extended QCOM-USD
Polymarket Perps QCOM-USD
Injective QCOM/USDC PERP
tradeXYZ xyz:QCOM
edgeX QCOMUSDC