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Funding arb · Price arb /

QCOM

RWAall QCOM markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0496%/8h= +54.3% APRpaid last 24h +0.101%
Price spread now: Phoenix against Phemex+0.176%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1121.123% of the position
Long on PhemexShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.429%+$43 on $10k
Price spread, last 4 days (all we have)−0.285%−$29 · spread now +0.176%, 7d avg −0.004%
Together, before fees+0.144%+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Phoenix is 0.180% dearer against Phemex than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex QCOMUSDT193.670get 0.0000% / 8h2h 47m$1.6M$1.0M10x
ShortPhoenix QCOM194.010.0496get 0.0062% / 1h47m 02s$97K$239K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$104.2
Price spread: +0.176% → −0.004%
$18
Slippage, 4 orders
−$93.29
Fee Phemex: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$9.92
Costs to cover
1.123%
Break-even
6.3 days
Slippage from Phemex: live order book, 1 min ago; Phoenix: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 1 min ago3.10 bp33.5 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 63 min ago7.71 bp22.0 bp −$2248.9 bp −$489doesn't fitdoesn't fit

QCOM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget QCOMUSDT−0.0208%8h193.70+0.015%$1.3M$1.1M20xas long as short
Aster QCOMUSDT0.0000%8h193.65−0.009%$17K$11K20xas long as short
Bybit QCOMUSDT0.0000%8h193.76+0.046%$1.9M$2.2M25xas long as short
OKX QCOM-USDT-SWAP0.0000%8h193.63−0.021%$1.8M$3.7M20xas long as short
Gate QCOM_USDT0.0000%8h193.68+0.005%$4.4M$3.3M50xas long as short
Variational Omni QCOM0.0000%8h193.98+0.158%$307K$84K—as long as short
GRVT QCOM_USDT_Perp0.0000%8h193.99+0.168%$6K$186K10xas long as short
SunX QCOM-USDT0.0000%8h193.42−0.129%$716$4.5M10xas long as short
HTX QCOM-USDT0.0000%8h194.03+0.186%$9K$11K20xas long as short
Phemex QCOMUSDTlong0.0000%8h193.67long leg$1.6M$1.0M10x
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter QCOM+0.0032%1h193.63−0.021%——10xas long as short
Binance QCOMUSDT+0.0039%8h193.68+0.003%$11.0M$23.7M20xas long as short
Extended QCOM-USD+0.0040%1h193.63−0.018%$101K$472K10xas long as short
BloFin QCOM-USDT+0.0046%8h193.670.000%$129K$54K20xas long as short
QFEX QCOM-USD+0.0058%1h193.63−0.021%$1.2M$3.2M10xas long as short
KuCoin QCOMUSDTM+0.0100%8h193.50−0.088%$316K$549K20xas long as short
Injective QCOM/USDC PERP+0.0220%1h212.60+9.774%$25K$25K12xas long as short
Polymarket Perps QCOM-USD+0.0242%1h193.66−0.005%$78K$897K10xas long as short
Phoenix QCOMshort+0.0496%1h194.01+0.176%$97K$239K10x
tradeXYZ xyz:QCOM+0.0720%1h193.82+0.077%$7.5M$2.6M10xas long as short
edgeX QCOMUSDC+0.0992%4h193.70+0.015%$80K$273K10xas long as short