Funding you earn now, next payment 08:00 UTC−0.0397%/8h= −43.4% APRpaid last 24h −0.075%
Price spread now: KuCoin against Phoenix+0.093%7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$299as in the Price arb table
costs, in and out, $10k−$3163.164% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.093%, 7d avg −0.078%
=The price spread pays, funding is against you. KuCoin is 0.172% dearer against Phoenix than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.078%): +$17 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.234% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.234% in total (about -12.2% a year). A funding rate is set anew for every payment. 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 | Phoenix QCOM | 192.60 | 0.0497 | pay 0.0062% / 1h | 56m 46s | $96K | $237K | 10x |
| Short | KuCoin QCOMUSDTM | 192.78 | 0.0100 | get 0.0100% / 8h | 6h 56m | $314K | $640K | 20x |
Phoenix QCOM
KuCoin QCOMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phoenix. 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
- −$83.28
- Price spread: +0.093% → −0.078%
- $17.17
- Slippage, 4 orders
- −$297.39
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$382.5
- Costs to cover
- 3.164%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 34 min ago; KuCoin: live order book, 27 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 Phoenix live order book, 34 min ago | 7.84 bp | 22.0 bp −$22 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 27 min ago | 27.66 bp | 107.0 bp −$107 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget QCOMUSDT | −0.0023% | 8h | 193.15 | +0.286% | $1.3M | $1.1M | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 193.12 | +0.271% | $17K | $11K | 20x | as long as short |
| Extended QCOM-USD | 0.0000% | 1h | 193.06 | +0.237% | $102K | $472K | 10x | as long as short |
| Binance QCOMUSDT | 0.0000% | 8h | 193.09 | +0.254% | $10.8M | $24.9M | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.03 | +0.223% | $1.7M | $2.3M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.10 | +0.260% | $1.8M | $3.7M | 20x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 192.58 | −0.011% | $308K | $120K | — | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 192.81 | +0.109% | $1K | $4.2M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 192.74 | +0.073% | $9K | $11K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 192.87 | +0.140% | $1.6M | $1.1M | 10x | as long as short |
Bitget QCOMUSDT
Aster QCOMUSDT
Extended QCOM-USD
Binance QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Variational Omni QCOM
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QCOM-USDT | +0.0024% | 8h | 192.81 | +0.109% | $129K | $55K | 20x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 192.84 | +0.125% | — | — | 10x | as long as short |
| Injective QCOM/USDC PERP | +0.0033% | 1h | 212.01 | +10.078% | $25K | $21K | 12x | as long as short |
| Gate QCOM_USDT | +0.0039% | 8h | 193.07 | +0.244% | $4.4M | $3.4M | 50x | as long as short |
| QFEX QCOM-USD | +0.0042% | 1h | 192.66 | +0.031% | $1.2M | $3.1M | 10x | as long as short |
| Polymarket Perps QCOM-USD | +0.0050% | 1h | 192.85 | +0.130% | $79K | $682K | 10x | as long as short |
| KuCoin QCOMUSDTMshort | +0.0100% | 8h | 192.78 | +0.093% | $314K | $640K | 20x | |
| Phoenix QCOMlong | +0.0497% | 1h | 192.60 | long leg | $96K | $237K | 10x | |
| tradeXYZ xyz:QCOM | +0.0672% | 1h | 193.15 | +0.286% | $7.8M | $2.8M | 10x | as long as short |
| GRVT QCOM_USDT_Perp | +0.0733% | 8h | 192.65 | +0.025% | $6K | $163K | 10x | as long as short |
| edgeX QCOMUSDC | +0.0874% | 4h | 192.67 | +0.034% | $79K | $274K | 10x | as long as short |
BloFin QCOM-USDT
Lighter QCOM
Injective QCOM/USDC PERP
Gate QCOM_USDT
QFEX QCOM-USD
Polymarket Perps QCOM-USD
tradeXYZ xyz:QCOM
GRVT QCOM_USDT_Perp
edgeX QCOMUSDC