Funding you earn now, next payment 05:00 UTC+0.0492%/8h= +53.8% APRpaid last 24h +0.033%
Price spread now: Phoenix against BloFin−0.026%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$530.526% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.026%, 7d avg +0.010%
=Funding pays, the price is against you. Phoenix is 0.036% cheaper against BloFin than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.010%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.327% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.327% in total (about 17.1% 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 | BloFin QCOM-USDT | 193.11 | 0.0005 | pay 0.0005% / 8h | 2h 06m | $129K | $54K | 20x |
| Short | Phoenix QCOM | 193.06 | 0.0496 | get 0.0062% / 1h | 6m 08s | $96K | $239K | 10x |
BloFin QCOM-USDT
Phoenix QCOMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- $103.25
- Price spread: −0.026% → +0.010%
- −$3.6
- Slippage, 4 orders
- −$33.64
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $47.01
- Costs to cover
- 0.526%
- Break-even
- 3.8 days
Slippage from BloFin: live order book, 6 min ago; Phoenix: live order book, 39 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 BloFin live order book, 6 min ago | 1.04 bp | 10.1 bp −$10 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 39 min ago | 5.67 bp | 16.6 bp −$17 | 36.3 bp −$363 | 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 | −0.0455% | 8h | 193.01 | −0.052% | $1.3M | $1.2M | 20x | as long as short |
| edgeX QCOMUSDC | −0.0417% | 4h | 192.96 | −0.079% | $80K | $273K | 10x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 192.77 | −0.174% | $17K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.01 | −0.052% | $1.7M | $2.4M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 192.96 | −0.078% | $1.8M | $3.8M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 193.03 | −0.041% | $4.5M | $3.5M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 192.99 | −0.062% | $322K | $100K | — | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 193.00 | −0.055% | $6K | $184K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 192.76 | −0.181% | $773 | $4.5M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.12 | +0.005% | $9K | $11K | 20x | as long as short |
Bitget QCOMUSDT
edgeX QCOMUSDC
Aster QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Variational Omni QCOM
GRVT QCOM_USDT_Perp
SunX QCOM-USDT
HTX QCOM-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QCOMUSDT | 0.0000% | 8h | 193.00 | −0.057% | $1.6M | $1.1M | 10x | as long as short |
| BloFin QCOM-USDTlong | +0.0005% | 8h | 193.11 | long leg | $129K | $54K | 20x | |
| Extended QCOM-USD | +0.0016% | 1h | 192.93 | −0.095% | $101K | $474K | 10x | as long as short |
| Binance QCOMUSDT | +0.0017% | 8h | 192.98 | −0.067% | $10.9M | $24.2M | 20x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 192.80 | −0.161% | — | — | 10x | as long as short |
| QFEX QCOM-USD | +0.0058% | 1h | 192.95 | −0.083% | $1.2M | $3.2M | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 192.70 | −0.212% | $320K | $558K | 20x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 211.17 | +9.352% | $25K | $25K | 12x | as long as short |
| Polymarket Perps QCOM-USD | +0.0250% | 1h | 192.99 | −0.062% | $76K | $889K | 10x | as long as short |
| Phoenix QCOMshort | +0.0496% | 1h | 193.06 | −0.026% | $96K | $239K | 10x | |
| tradeXYZ xyz:QCOM | +0.0673% | 1h | 193.06 | −0.026% | $7.6M | $2.7M | 10x | as long as short |
Phemex QCOMUSDT
Extended QCOM-USD
Binance QCOMUSDT
Lighter QCOM
QFEX QCOM-USD
KuCoin QCOMUSDTM
Injective QCOM/USDC PERP
Polymarket Perps QCOM-USD
tradeXYZ xyz:QCOM