Funding you earn now, next payment 07:00 UTC+0.0329%/8h= +36.0% APRnext payment +$0.41 per $10,000 · paid last 24h +0.021%
Price spread now: tradeXYZ against Phoenix+0.036%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$730.734% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 4 days (all we have)+0.182%+$18 · spread now +0.036%, 7d avg −0.045%
=Together, before fees+0.052%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and tradeXYZ is 0.081% dearer against Phoenix than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.045%. Mind the row above: over the last 7 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 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 | 193.44 | 0.0414 | pay 0.0052% / 1h | 3m 32s | $97K | $237K | 10x |
| Short | tradeXYZ xyz:QCOM | 193.51 | 0.0742 | get 0.0093% / 1h | 3m 32s | $7.7M | $2.8M | 10x |
Phoenix QCOM
tradeXYZ xyz:QCOMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $69.01
- Price spread: +0.036% → −0.045%
- $8.07
- Slippage, 4 orders
- −$48.39
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $3.69
- Costs to cover
- 0.734%
- Break-even
- 6.6 days
Slippage from Phoenix: live order book, 32 min ago; tradeXYZ: live order book, 5 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, 32 min ago | 7.75 bp | 21.8 bp −$22 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.26 bp | 16.2 bp −$16 | 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 | −0.0181% | 8h | 193.38 | −0.031% | $1.3M | $1.2M | 20x | as long as short |
| BloFin QCOM-USDT | −0.0004% | 8h | 193.29 | −0.078% | $129K | $54K | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 193.27 | −0.089% | $17K | $11K | 20x | as long as short |
| Extended QCOM-USD | 0.0000% | 1h | 193.33 | −0.055% | $101K | $475K | 10x | as long as short |
| Binance QCOMUSDT | 0.0000% | 8h | 193.38 | −0.031% | $10.8M | $24.6M | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.32 | −0.062% | $1.7M | $2.3M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.28 | −0.083% | $1.8M | $3.8M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 193.37 | −0.036% | $4.4M | $3.5M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 193.21 | −0.117% | $306K | $117K | — | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 193.24 | −0.104% | $6K | $174K | 10x | as long as short |
Bitget QCOMUSDT
BloFin QCOM-USDT
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 | 193.20 | −0.124% | $779 | $4.4M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.35 | −0.047% | $9K | $11K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 193.46 | +0.010% | $1.6M | $1.1M | 10x | as long as short |
| QFEX QCOM-USD | +0.0025% | 1h | 193.31 | −0.067% | $1.2M | $3.1M | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 193.21 | −0.119% | — | — | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 193.22 | −0.114% | $321K | $588K | 20x | as long as short |
| Polymarket Perps QCOM-USD | +0.0155% | 1h | 193.49 | +0.026% | $79K | $844K | 10x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 212.01 | +9.600% | $25K | $25K | 12x | as long as short |
| edgeX QCOMUSDC | +0.0306% | 4h | 193.20 | −0.122% | $80K | $275K | 10x | as long as short |
| Phoenix QCOMlong | +0.0414% | 1h | 193.44 | long leg | $97K | $237K | 10x | |
| tradeXYZ xyz:QCOMshort | +0.0742% | 1h | 193.51 | +0.036% | $7.7M | $2.8M | 10x |
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDT
QFEX QCOM-USD
Lighter QCOM
KuCoin QCOMUSDTM
Polymarket Perps QCOM-USD
Injective QCOM/USDC PERP
edgeX QCOMUSDC