Funding you earn now, next payment 04:00 UTC+0.0256%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.015%
Price spread now: tradeXYZ against Phoenix−0.021%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$760.756% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.021%, 7d avg −0.048%
=Together, before fees−0.043%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and tradeXYZ is 0.027% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.138%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.138% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. 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 | 193.47 | 0.0450 | pay 0.0056% / 1h | 19m 05s | $97K | $239K | 10x |
| Short | tradeXYZ xyz:QCOM | 193.43 | 0.0706 | get 0.0088% / 1h | 19m 05s | $7.5M | $2.6M | 10x |
Phoenix QCOM
tradeXYZ xyz:QCOMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $53.73
- Price spread: −0.021% → −0.048%
- $2.69
- Slippage, 4 orders
- −$50.58
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$19.16
- Costs to cover
- 0.756%
- Break-even
- 9.5 days
Slippage from Phoenix: live order book, 31 min ago; tradeXYZ: live order book, 9 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, 31 min ago | 7.71 bp | 22.0 bp −$22 | 48.7 bp −$487 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 1.03 bp | 18.0 bp −$18 | 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 | −0.0154% | 8h | 193.42 | −0.026% | $1.3M | $1.1M | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 193.25 | −0.113% | $17K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.35 | −0.062% | $2.3M | $2.0M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.30 | −0.088% | $1.8M | $3.7M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 193.33 | −0.072% | $4.4M | $3.3M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 193.59 | +0.060% | $306K | $85K | — | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 193.50 | +0.014% | $6K | $188K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 193.15 | −0.165% | $805 | $4.5M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.43 | −0.021% | $10K | $10K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 193.26 | −0.109% | $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 | 193.29 | −0.093% | $1.2M | $3.2M | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 193.06 | −0.212% | — | — | 10x | as long as short |
| BloFin QCOM-USDT | +0.0038% | 8h | 193.49 | +0.010% | $128K | $54K | 20x | as long as short |
| Binance QCOMUSDT | +0.0056% | 8h | 193.27 | −0.103% | $11.0M | $23.3M | 20x | as long as short |
| Extended QCOM-USD | +0.0056% | 1h | 193.23 | −0.125% | $101K | $340K | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 193.17 | −0.155% | $315K | $533K | 20x | as long as short |
| Polymarket Perps QCOM-USD | +0.0195% | 1h | 193.30 | −0.088% | $77K | $897K | 10x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 213.29 | +10.244% | $25K | $25K | 12x | as long as short |
| Phoenix QCOMlong | +0.0450% | 1h | 193.47 | long leg | $97K | $239K | 10x | |
| tradeXYZ xyz:QCOMshort | +0.0706% | 1h | 193.43 | −0.021% | $7.5M | $2.6M | 10x | |
| edgeX QCOMUSDC | +0.0796% | 4h | 193.53 | +0.033% | $80K | $273K | 10x | as long as short |
QFEX QCOM-USD
Lighter QCOM
BloFin QCOM-USDT
Binance QCOMUSDT
Extended QCOM-USD
KuCoin QCOMUSDTM
Polymarket Perps QCOM-USD
Injective QCOM/USDC PERP
edgeX QCOMUSDC