Funding you earn now, next payment 06:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.059%
Price spread now: Phemex against Injective−8.633%65s7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 8.633% cheaper against Injective than usual: you would sell low and buy high (−$863 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 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 | Injective QCOM/USDC PERP | 211.17 | 0.0220 | pay 0.0028% / 1h | 3m 49s | $25K | $25K | 12x |
| Short | Phemex QCOMUSDT | 192.94 | 0 | get 0.0000% / 8h | 2h 03m | $1.6M | $1.1M | 10x |
Injective QCOM/USDC PERP
Phemex QCOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- −$46.2
- Price spread: −8.633% → 0.000%
- −$863.29
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$921.51
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 4 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 0.78 bp | 28.7 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget QCOMUSDT | −0.0451% | 8h | 192.89 | −8.657% | $1.3M | $1.2M | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 192.77 | −8.713% | $17K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 192.85 | −8.675% | $1.7M | $2.4M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.05 | −8.581% | $1.8M | $3.8M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 192.99 | −8.609% | $4.5M | $3.5M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 192.96 | −8.625% | $322K | $100K | — | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 193.03 | −8.590% | $6K | $183K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 192.74 | −8.728% | $630 | $4.5M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.08 | −8.567% | $9K | $11K | 20x | as long as short |
| Phemex QCOMUSDTshort | 0.0000% | 8h | 192.94 | −8.633% | $1.6M | $1.1M | 10x |
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance QCOMUSDT | +0.0015% | 8h | 192.91 | −8.648% | $10.9M | $24.3M | 20x | as long as short |
| Extended QCOM-USD | +0.0016% | 1h | 192.89 | −8.659% | $101K | $474K | 10x | as long as short |
| BloFin QCOM-USDT | +0.0026% | 8h | 193.02 | −8.595% | $128K | $54K | 20x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 192.84 | −8.680% | — | — | 10x | as long as short |
| QFEX QCOM-USD | +0.0058% | 1h | 192.96 | −8.623% | $1.2M | $3.2M | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 192.66 | −8.765% | $320K | $559K | 20x | as long as short |
| Injective QCOM/USDC PERPlong | +0.0220% | 1h | 211.17 | long leg | $25K | $25K | 12x | |
| Polymarket Perps QCOM-USD | +0.0244% | 1h | 192.98 | −8.614% | $76K | $889K | 10x | as long as short |
| Phoenix QCOM | +0.0496% | 1h | 192.97 | −8.619% | $96K | $239K | 10x | as long as short |
| edgeX QCOMUSDC | +0.0587% | 4h | 193.03 | −8.590% | $80K | $273K | 10x | as long as short |
| tradeXYZ xyz:QCOM | +0.0665% | 1h | 193.02 | −8.595% | $7.6M | $2.7M | 10x | as long as short |
Binance QCOMUSDT
Extended QCOM-USD
BloFin QCOM-USDT
Lighter QCOM
QFEX QCOM-USD
KuCoin QCOMUSDTM
Polymarket Perps QCOM-USD
Phoenix QCOM
edgeX QCOMUSDC
tradeXYZ xyz:QCOM