Funding you earn now, next payment 06:00 UTC−0.0445%/8h= −48.7% APRnext payment −$0.56 per $10,000 · paid last 24h −0.091%
Price spread now: QFEX against Phoenix−0.129%52s7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$600.603% of the position
Funding, last 4 days (all we have)−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.129%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and QFEX is 0.092% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.160% in total (about -15.8% 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 | 193.29 | 0.0496 | pay 0.0062% / 1h | 15m 42s | $97K | $239K | 10x |
| Short | QFEX QCOM-USD | 193.04 | 0.0051 | get 0.0006% / 1h | 15m 42s | $1.2M | $3.2M | 10x |
Phoenix QCOM
QFEX QCOM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$93.46
- Price spread: −0.129% → −0.038%
- −$9.18
- Slippage, 4 orders
- −$43.32
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$162.96
- Costs to cover
- 0.603%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 25 min ago; QFEX: live order book, 2 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, 25 min ago | 7.78 bp | 21.8 bp −$22 | 48.6 bp −$486 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 1.55 bp | 9.6 bp −$10 | 15.5 bp −$155 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX QCOMUSDC | −0.0539% | 4h | 193.05 | −0.125% | $80K | $274K | 10x | as long as short |
| Bitget QCOMUSDT | −0.0350% | 8h | 193.26 | −0.016% | $1.3M | $1.2M | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 193.14 | −0.077% | $17K | $11K | 20x | as long as short |
| Extended QCOM-USD | 0.0000% | 1h | 193.18 | −0.059% | $101K | $475K | 10x | as long as short |
| Binance QCOMUSDT | 0.0000% | 8h | 193.26 | −0.016% | $10.9M | $24.6M | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.23 | −0.031% | $1.7M | $2.3M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.37 | +0.041% | $1.8M | $3.8M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 193.21 | −0.041% | $4.4M | $3.5M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 193.15 | −0.074% | $306K | $117K | — | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 193.05 | −0.124% | $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 | 193.27 | −0.010% | $893 | $4.4M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.39 | +0.052% | $9K | $11K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 193.17 | −0.062% | $1.6M | $1.1M | 10x | as long as short |
| BloFin QCOM-USDT | +0.0029% | 8h | 193.33 | +0.021% | $129K | $54K | 20x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 193.16 | −0.067% | — | — | 10x | as long as short |
| Polymarket Perps QCOM-USD | +0.0050% | 1h | 193.09 | −0.103% | $76K | $885K | 10x | as long as short |
| QFEX QCOM-USDshort | +0.0051% | 1h | 193.04 | −0.129% | $1.2M | $3.2M | 10x | |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 192.98 | −0.160% | $321K | $565K | 20x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 212.22 | +9.794% | $25K | $25K | 12x | as long as short |
| Phoenix QCOMlong | +0.0496% | 1h | 193.29 | long leg | $97K | $239K | 10x | |
| tradeXYZ xyz:QCOM | +0.0502% | 1h | 193.47 | +0.093% | $7.6M | $2.8M | 10x | as long as short |
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDT
BloFin QCOM-USDT
Lighter QCOM
Polymarket Perps QCOM-USD
KuCoin QCOMUSDTM
Injective QCOM/USDC PERP
tradeXYZ xyz:QCOM