Funding you earn now, next payment 06:00 UTC−0.0496%/8h= −54.4% APRpaid last 24h −0.045%
Price spread now: Variational Omni against Phoenix−0.005%7-day average −0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.005%, 7d avg −0.028%
=Together, before fees−0.010%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.024% dearer against Phoenix than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.028%): +$2 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 4 days (−0.099% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.099% in total (about -9.9% 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 | 193.39 | 0.0496 | pay 0.0062% / 1h | 59m 27s | $97K | $237K | 10x |
| Short | Variational Omni QCOM | 193.38 | 0 | get 0.0000% / 8h | 59m 27s | $306K | $117K | — |
Phoenix QCOM
Variational Omni QCOMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$104.25
- Price spread: −0.005% → −0.028%
- $2.37
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$108.88
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 41 min ago; Variational Omni: RFQ quote, 45 min ago. Net counts fees only.
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, 41 min ago | 7.78 bp | 21.8 bp −$22 | 48.6 bp −$486 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 45 min ago | 3.92 bp | doesn't fit | 42.8 bp −$428 | 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 | −0.0298% | 8h | 193.33 | −0.031% | $1.3M | $1.2M | 20x | as long as short |
| edgeX QCOMUSDC | −0.0212% | 4h | 193.38 | −0.004% | $80K | $275K | 10x | as long as short |
| BloFin QCOM-USDT | −0.0005% | 8h | 193.36 | −0.016% | $129K | $54K | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 193.23 | −0.083% | $17K | $11K | 20x | as long as short |
| Extended QCOM-USD | 0.0000% | 1h | 193.27 | −0.064% | $101K | $475K | 10x | as long as short |
| Binance QCOMUSDT | 0.0000% | 8h | 193.37 | −0.009% | $10.8M | $24.6M | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.37 | −0.010% | $1.7M | $2.3M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.36 | −0.016% | $1.8M | $3.8M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 193.32 | −0.036% | $4.4M | $3.5M | 50x | as long as short |
| Variational Omni QCOMshort | 0.0000% | 8h | 193.38 | −0.005% | $306K | $117K | — |
Bitget QCOMUSDT
edgeX QCOMUSDC
BloFin QCOM-USDT
Aster QCOMUSDT
Extended QCOM-USD
Binance QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 193.39 | 0.000% | $6K | $181K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 193.37 | −0.010% | $509 | $4.4M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.52 | +0.067% | $9K | $11K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 193.38 | −0.005% | $1.6M | $1.1M | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 193.12 | −0.140% | — | — | 10x | as long as short |
| QFEX QCOM-USD | +0.0051% | 1h | 193.29 | −0.052% | $1.2M | $3.2M | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 193.08 | −0.160% | $322K | $566K | 20x | as long as short |
| Polymarket Perps QCOM-USD | +0.0164% | 1h | 193.34 | −0.026% | $76K | $867K | 10x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 212.22 | +9.737% | $25K | $25K | 12x | as long as short |
| Phoenix QCOMlong | +0.0496% | 1h | 193.39 | long leg | $97K | $237K | 10x | |
| tradeXYZ xyz:QCOM | +0.0708% | 1h | 193.49 | +0.052% | $7.7M | $2.8M | 10x | as long as short |
GRVT QCOM_USDT_Perp
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDT
Lighter QCOM
QFEX QCOM-USD
KuCoin QCOMUSDTM
Polymarket Perps QCOM-USD
Injective QCOM/USDC PERP
tradeXYZ xyz:QCOM