Funding you earn now, next payment 10:00 UTC+0.0494%/8h= +54.1% APRpaid last 24h +0.105%
Price spread now: Phoenix against OKX−0.046%106s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as 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−$540.544% of the position
Funding, last 7 days+0.414%+$41 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.046%, 7d avg +0.007%
=Funding pays, the price is against you. Phoenix is 0.053% cheaper against OKX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.007%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.414% in total) that is about 22 hours. The two prices were read 106 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 | OKX QCOM-USDT-SWAP | 194.27 | 0 | get 0.0000% / 8h | 5h 03m | $1.8M | $3.7M | 20x |
| Short | Phoenix QCOM | 194.18 | 0.0494 | get 0.0062% / 1h | 3m 38s | $97K | $237K | 10x |
OKX QCOM-USDT-SWAP
Phoenix QCOMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $103.77
- Price spread: −0.046% → +0.007%
- −$5.34
- Slippage, 4 orders
- −$37.43
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $44
- Costs to cover
- 0.544%
- Break-even
- 4.0 days
Slippage from OKX: live order book, 2 min ago; Phoenix: live order book, 39 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 OKX live order book, 2 min ago | 0.51 bp | 8.3 bp −$8 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 39 min ago | 5.65 bp | 17.0 bp −$17 | 37.0 bp −$370 | doesn't fit | doesn't fit |
QCOM on 21 exchanges
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 | 194.01 | −0.136% | $17K | $11K | 20x | as long as short |
| OKX QCOM-USDT-SWAPlong | 0.0000% | 8h | 194.27 | long leg | $1.8M | $3.7M | 20x | |
| Bitget QCOMUSDT | 0.0000% | 8h | 194.07 | −0.103% | $1.4M | $1.1M | 20x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 193.91 | −0.185% | $865 | $3.9M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 194.41 | +0.072% | $9K | $11K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 194.18 | −0.046% | $1.6M | $1.1M | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 193.92 | −0.180% | — | — | 10x | as long as short |
| QFEX QCOM-USD | +0.0043% | 1h | 193.95 | −0.165% | $1.2M | $3.2M | 10x | as long as short |
| Polymarket Perps QCOM-USD | +0.0050% | 1h | 194.14 | −0.067% | $79K | $696K | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 194.00 | −0.139% | $326K | $759K | 20x | as long as short |
Aster QCOMUSDT
Bitget QCOMUSDT
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDT
Lighter QCOM
QFEX QCOM-USD
Polymarket Perps QCOM-USD
KuCoin QCOMUSDTMShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit QCOMUSDT | +0.0144% | 8h | 194.30 | +0.015% | $1.7M | $2.3M | 25x | as long as short |
| Gate QCOM_USDT | +0.0148% | 8h | 194.19 | −0.041% | $4.5M | $3.4M | 50x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 211.90 | +9.075% | $25K | $21K | 12x | as long as short |
| Variational Omni QCOM | +0.0299% | 8h | 194.19 | −0.039% | $310K | $118K | — | as long as short |
| BloFin QCOM-USDT | +0.0368% | 8h | 194.26 | −0.005% | $133K | $56K | 20x | as long as short |
| Extended QCOM-USD | +0.0400% | 1h | 193.97 | −0.156% | $101K | $473K | 10x | as long as short |
| Binance QCOMUSDT | +0.0403% | 8h | 194.03 | −0.124% | $11.0M | $25.0M | 20x | as long as short |
| Phoenix QCOMshort | +0.0494% | 1h | 194.18 | −0.046% | $97K | $237K | 10x | |
| tradeXYZ xyz:QCOM | +0.0549% | 1h | 194.25 | −0.010% | $7.9M | $2.8M | 10x | as long as short |
| edgeX QCOMUSDC | +0.0933% | 4h | 194.13 | −0.074% | $80K | $277K | 10x | as long as short |
| GRVT QCOM_USDT_Perp | +0.1037% | 8h | 194.15 | −0.061% | $7K | $150K | 10x | as long as short |
Bybit QCOMUSDT
Gate QCOM_USDT
Injective QCOM/USDC PERP
Variational Omni QCOM
BloFin QCOM-USDT
Extended QCOM-USD
Binance QCOMUSDT
tradeXYZ xyz:QCOM
edgeX QCOMUSDC
GRVT QCOM_USDT_Perp