Funding you earn now, next payment 05:00 UTC+0.0378%/8h= +41.4% APRnext payment +$0.47 per $10,000 · paid last 24h +0.069%
Price spread now: Phoenix against Polymarket Perps−0.036%59s7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.459% of the position
Funding, last 7 days+0.302%+$30 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.036%, 7d avg +0.056%
=Funding pays, the price is against you. Phoenix is 0.093% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.056%). If the spread goes back, that is −$9 on $10k: about 20 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.302% in total) that is about 2.1 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps QCOM-USD | 193.29 | 0.0118 | pay 0.0015% / 1h | 58m 33s | $76K | $889K | 10x |
| Short | Phoenix QCOM | 193.22 | 0.0496 | get 0.0062% / 1h | 58m 33s | $97K | $239K | 10x |
Polymarket Perps QCOM-USD
Phoenix QCOMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Polymarket Perps. 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
- $79.46
- Price spread: −0.036% → +0.056%
- −$9.26
- Slippage, 4 orders
- −$30.87
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $24.33
- Costs to cover
- 0.459%
- Break-even
- 4.9 days
Slippage from Polymarket Perps: live order book, 29 min ago; Phoenix: 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 Polymarket Perps live order book, 29 min ago | 2.34 bp | 6.3 bp −$6 | 7.5 bp −$75 | 9.5 bp −$949 | doesn't fit |
| Sell Phoenix live order book, 46 min ago | 5.67 bp | 16.6 bp −$17 | 36.3 bp −$363 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX QCOMUSDC | −0.0847% | 4h | 192.93 | −0.187% | $80K | $274K | 10x | as long as short |
| Bitget QCOMUSDT | −0.0437% | 8h | 193.22 | −0.036% | $1.3M | $1.2M | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 192.99 | −0.155% | $17K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.24 | −0.026% | $1.7M | $2.4M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.33 | +0.021% | $1.8M | $3.8M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 193.24 | −0.026% | $4.5M | $3.5M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 192.94 | −0.181% | $322K | $100K | — | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 193.01 | −0.145% | $6K | $183K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 192.99 | −0.155% | $818 | $4.5M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.03 | −0.135% | $9K | $11K | 20x | as long as short |
edgeX QCOMUSDC
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-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QCOMUSDT | 0.0000% | 8h | 193.18 | −0.057% | $1.6M | $1.1M | 10x | as long as short |
| BloFin QCOM-USDT | +0.0002% | 8h | 192.94 | −0.181% | $129K | $54K | 20x | as long as short |
| Binance QCOMUSDT | +0.0008% | 8h | 193.26 | −0.015% | $11.0M | $24.3M | 20x | as long as short |
| Extended QCOM-USD | +0.0008% | 1h | 193.11 | −0.094% | $101K | $474K | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 192.93 | −0.186% | — | — | 10x | as long as short |
| QFEX QCOM-USD | +0.0051% | 1h | 193.24 | −0.026% | $1.2M | $3.2M | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 192.93 | −0.186% | $321K | $561K | 20x | as long as short |
| Polymarket Perps QCOM-USDlong | +0.0118% | 1h | 193.29 | long leg | $76K | $889K | 10x | |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 211.17 | +9.250% | $25K | $25K | 12x | as long as short |
| Phoenix QCOMshort | +0.0496% | 1h | 193.22 | −0.036% | $97K | $239K | 10x | |
| tradeXYZ xyz:QCOM | +0.0622% | 1h | 193.38 | +0.047% | $7.6M | $2.7M | 10x | as long as short |
Phemex QCOMUSDT
BloFin QCOM-USDT
Binance QCOMUSDT
Extended QCOM-USD
Lighter QCOM
QFEX QCOM-USD
KuCoin QCOMUSDTM
Injective QCOM/USDC PERP
tradeXYZ xyz:QCOM