Funding you earn now, next payment 04:00 UTC−0.0508%/8h= −55.6% APRpaid last 24h −0.112%
Price spread now: Phemex against tradeXYZ−0.071%48s7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$870.873% of the position
Funding, last 7 days−0.282%−$28 on $10k
+Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.071%, 7d avg +0.057%
=Together, before fees−0.051%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Phemex is 0.129% cheaper against tradeXYZ than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.057%). Swap the legs. The two prices were read 48 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 7 days it paid -0.282% in total (about -14.7% 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 | tradeXYZ xyz:QCOM | 196.18 | 0.0508 | pay 0.0063% / 1h | 33m 19s | $7.5M | $2.4M | 10x |
| Short | Phemex QCOMUSDT | 196.04 | 0 | get 0.0000% / 8h | 4h 33m | $1.6M | $992K | 10x |
tradeXYZ xyz:QCOM
Phemex QCOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against tradeXYZ. 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
- −$106.59
- Price spread: −0.071% → +0.057%
- −$12.86
- Slippage, 4 orders
- −$57.26
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$206.71
- Costs to cover
- 0.873%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Phemex: 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 tradeXYZ live order book, 5 min ago | 0.76 bp | 10.7 bp −$11 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.55 bp | 27.8 bp −$28 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster QCOMUSDT | 0.0000% | 8h | 196.02 | −0.081% | $18K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 195.96 | −0.112% | $2.5M | $1.8M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 195.94 | −0.122% | $1.8M | $3.7M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 196.05 | −0.066% | $4.5M | $3.2M | 50x | as long as short |
| Bitget QCOMUSDT | 0.0000% | 8h | 196.07 | −0.056% | $1.3M | $1.1M | 20x | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 196.08 | −0.051% | $6K | $190K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 195.83 | −0.178% | $830 | $4.5M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 196.11 | −0.036% | $10K | $10K | 20x | as long as short |
| Phemex QCOMUSDTshort | 0.0000% | 8h | 196.04 | −0.071% | $1.6M | $992K | 10x | |
| Lighter QCOM | +0.0032% | 1h | 195.90 | −0.143% | — | — | 10x | as long as short |
Aster QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Bitget QCOMUSDT
GRVT QCOM_USDT_Perp
SunX QCOM-USDT
HTX QCOM-USDT
Lighter QCOMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX QCOM-USD | +0.0032% | 1h | 195.98 | −0.102% | $1.2M | $3.3M | 10x | as long as short |
| Variational Omni QCOM | +0.0036% | 8h | 195.99 | −0.099% | $319K | $78K | — | as long as short |
| BloFin QCOM-USDT | +0.0075% | 8h | 196.03 | −0.076% | $129K | $54K | 20x | as long as short |
| Binance QCOMUSDT | +0.0095% | 8h | 196.05 | −0.068% | $11.1M | $22.8M | 20x | as long as short |
| Extended QCOM-USD | +0.0096% | 1h | 196.00 | −0.090% | $102K | $418K | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 195.97 | −0.107% | $319K | $519K | 20x | as long as short |
| Polymarket Perps QCOM-USD | +0.0126% | 1h | 196.06 | −0.061% | $83K | $894K | 10x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 215.64 | +9.919% | $26K | $25K | 12x | as long as short |
| edgeX QCOMUSDC | +0.0272% | 4h | 196.00 | −0.092% | $81K | $272K | 10x | as long as short |
| Phoenix QCOM | +0.0448% | 1h | 196.04 | −0.071% | $98K | $239K | 10x | as long as short |
| tradeXYZ xyz:QCOMlong | +0.0508% | 1h | 196.18 | long leg | $7.5M | $2.4M | 10x |
QFEX QCOM-USD
Variational Omni QCOM
BloFin QCOM-USDT
Binance QCOMUSDT
Extended QCOM-USD
KuCoin QCOMUSDTM
Polymarket Perps QCOM-USD
Injective QCOM/USDC PERP
edgeX QCOMUSDC
Phoenix QCOM