Funding you earn now, next payment 08:00 UTC−0.0352%/8h= −38.5% APRnext payment −$3.52 per $10,000 · paid last 24h −0.068%
Price spread now: Phemex against BloFin+0.077%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$800.797% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.077%, 7d avg +0.017%
=The price spread pays, funding is against you. Phemex is 0.059% dearer against BloFin than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.017%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.099% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.52 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 | BloFin QCOM-USDT | 195.97 | 0.0352 | pay 0.0352% / 8h | 7h 48m | $127K | $55K | 20x |
| Short | Phemex QCOMUSDT | 196.12 | 0 | get 0.0000% / 8h | 7h 48m | $1.6M | $965K | 10x |
BloFin QCOM-USDT
Phemex QCOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$73.82
- Price spread: +0.077% → +0.017%
- $5.93
- Slippage, 4 orders
- −$55.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$147.63
- Costs to cover
- 0.797%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; Phemex: live order book, 5 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 BloFin live order book, 7 min ago | 1.28 bp | 10.6 bp −$11 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.28 bp | 26.8 bp −$27 | 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 | 195.95 | −0.012% | $18K | $11K | 20x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 196.17 | +0.102% | $1.8M | $3.6M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 196.13 | +0.082% | $4.4M | $3.2M | 50x | as long as short |
| Bitget QCOMUSDT | 0.0000% | 8h | 196.17 | +0.102% | $1.3M | $1.1M | 20x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 195.86 | −0.056% | $703 | $4.8M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 196.05 | +0.041% | $10K | $10K | 20x | as long as short |
| Phemex QCOMUSDTshort | 0.0000% | 8h | 196.12 | +0.077% | $1.6M | $965K | 10x | |
| Lighter QCOM | +0.0032% | 1h | 195.90 | −0.036% | — | — | 10x | as long as short |
| QFEX QCOM-USD | +0.0040% | 1h | 196.04 | +0.036% | $1.2M | $3.0M | 10x | as long as short |
| Polymarket Perps QCOM-USD | +0.0065% | 1h | 196.10 | +0.066% | $85K | $890K | 10x | as long as short |
Aster QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Bitget QCOMUSDT
SunX QCOM-USDT
HTX QCOM-USDT
Lighter QCOM
QFEX QCOM-USD
Polymarket Perps QCOM-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin QCOMUSDTM | +0.0100% | 8h | 195.99 | +0.010% | $319K | $513K | 20x | as long as short |
| GRVT QCOM_USDT_Perp | +0.0128% | 8h | 196.02 | +0.025% | $6K | $209K | 10x | as long as short |
| Bybit QCOMUSDT | +0.0197% | 8h | 196.28 | +0.158% | $2.0M | $1.7M | 25x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 215.33 | +9.879% | $26K | $25K | 12x | as long as short |
| Variational Omni QCOM | +0.0287% | 8h | 195.92 | −0.023% | $322K | $74K | — | as long as short |
| Binance QCOMUSDT | +0.0326% | 8h | 196.14 | +0.089% | $10.9M | $22.9M | 20x | as long as short |
| Phoenix QCOM | +0.0327% | 1h | 196.07 | +0.051% | $98K | $249K | 10x | as long as short |
| Extended QCOM-USD | +0.0328% | 1h | 196.11 | +0.069% | $102K | $329K | 10x | as long as short |
| BloFin QCOM-USDTlong | +0.0352% | 8h | 195.97 | long leg | $127K | $55K | 20x | |
| tradeXYZ xyz:QCOM | +0.0420% | 1h | 196.11 | +0.071% | $7.2M | $2.2M | 10x | as long as short |
| edgeX QCOMUSDC | +0.0851% | 4h | 195.96 | −0.007% | $82K | $267K | 10x | as long as short |
KuCoin QCOMUSDTM
GRVT QCOM_USDT_Perp
Bybit QCOMUSDT
Injective QCOM/USDC PERP
Variational Omni QCOM
Binance QCOMUSDT
Phoenix QCOM
Extended QCOM-USD
tradeXYZ xyz:QCOM
edgeX QCOMUSDC