Funding you earn now, next payment 06:00 UTC−0.0446%/8h= −48.9% APRnext payment −$0.56 per $10,000 · paid last 24h −0.069%
Price spread now: Polymarket Perps against Phoenix−0.104%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$560.564% of the position
Funding, last 7 days−0.304%−$30 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.104%, 7d avg −0.056%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Polymarket Perps is 0.048% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.304% in total (about -15.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 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 | Phoenix QCOM | 193.12 | 0.0496 | pay 0.0062% / 1h | 22m 58s | $97K | $239K | 10x |
| Short | Polymarket Perps QCOM-USD | 192.92 | 0.0050 | get 0.0006% / 1h | 22m 58s | $76K | $885K | 10x |
Phoenix QCOM
Polymarket Perps QCOM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$93.75
- Price spread: −0.104% → −0.056%
- −$4.77
- Slippage, 4 orders
- −$41.38
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$154.9
- Costs to cover
- 0.564%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 17 min ago; Polymarket Perps: live order book, 65 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, 17 min ago | 7.78 bp | 21.8 bp −$22 | 48.6 bp −$486 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 65 min ago | 2.34 bp | 6.3 bp −$6 | 9.3 bp −$93 | 11.4 bp −$1,136 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX QCOMUSDC | −0.0447% | 4h | 192.85 | −0.141% | $79K | $273K | 10x | as long as short |
| Bitget QCOMUSDT | −0.0371% | 8h | 192.98 | −0.072% | $1.3M | $1.2M | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 192.80 | −0.165% | $17K | $11K | 20x | as long as short |
| Extended QCOM-USD | 0.0000% | 1h | 192.90 | −0.112% | $101K | $477K | 10x | as long as short |
| Binance QCOMUSDT | 0.0000% | 8h | 192.95 | −0.088% | $10.8M | $24.5M | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 192.92 | −0.104% | $1.7M | $2.3M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 192.97 | −0.078% | $1.8M | $3.8M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 192.97 | −0.078% | $4.4M | $3.5M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 192.97 | −0.080% | $306K | $117K | — | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 192.84 | −0.146% | $6K | $182K | 10x | as long as short |
edgeX QCOMUSDC
Bitget QCOMUSDT
Aster QCOMUSDT
Extended QCOM-USD
Binance QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Variational Omni QCOM
GRVT QCOM_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QCOM-USDT | 0.0000% | 8h | 192.72 | −0.207% | $867 | $4.5M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.03 | −0.047% | $9K | $11K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 192.97 | −0.078% | $1.6M | $1.1M | 10x | as long as short |
| BloFin QCOM-USDT | +0.0003% | 8h | 192.98 | −0.072% | $129K | $54K | 20x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 192.87 | −0.129% | — | — | 10x | as long as short |
| Polymarket Perps QCOM-USDshort | +0.0050% | 1h | 192.92 | −0.104% | $76K | $885K | 10x | |
| QFEX QCOM-USD | +0.0051% | 1h | 192.86 | −0.135% | $1.2M | $3.2M | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 192.64 | −0.249% | $320K | $566K | 20x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 211.82 | +9.683% | $25K | $25K | 12x | as long as short |
| tradeXYZ xyz:QCOM | +0.0484% | 1h | 193.07 | −0.026% | $7.6M | $2.7M | 10x | as long as short |
| Phoenix QCOMlong | +0.0496% | 1h | 193.12 | long leg | $97K | $239K | 10x |
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDT
BloFin QCOM-USDT
Lighter QCOM
QFEX QCOM-USD
KuCoin QCOMUSDTM
Injective QCOM/USDC PERP
tradeXYZ xyz:QCOM