Funding you earn now, next payment 07:00 UTC−0.0274%/8h= −30.0% APRnext payment −$0.34 per $10,000 · paid last 24h −0.071%
Price spread now: Polymarket Perps against Phoenix−0.098%59s7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as 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−$560.557% of the position
Funding, last 7 days−0.310%−$31 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.098%, 7d avg −0.056%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Polymarket Perps is 0.043% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.056%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QCOM | 193.66 | 0.0414 | pay 0.0052% / 1h | 11m 51s | $97K | $237K | 10x |
| Short | Polymarket Perps QCOM-USD | 193.47 | 0.0140 | get 0.0018% / 1h | 11m 51s | $79K | $844K | 10x |
Phoenix QCOM
Polymarket Perps QCOM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$57.46
- Price spread: −0.098% → −0.056%
- −$4.26
- Slippage, 4 orders
- −$40.72
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$117.45
- Costs to cover
- 0.557%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 24 min ago; Polymarket Perps: live order book, 6 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, 24 min ago | 7.75 bp | 21.8 bp −$22 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 6 min ago | 2.07 bp | 6.1 bp −$6 | 7.3 bp −$73 | 10.3 bp −$1,032 | 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 | −0.0366% | 4h | 193.35 | −0.159% | $80K | $276K | 10x | as long as short |
| Bitget QCOMUSDT | −0.0204% | 8h | 193.35 | −0.160% | $1.3M | $1.2M | 20x | as long as short |
| BloFin QCOM-USDT | −0.0022% | 8h | 193.45 | −0.108% | $129K | $54K | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 193.23 | −0.222% | $17K | $11K | 20x | as long as short |
| Extended QCOM-USD | 0.0000% | 1h | 193.31 | −0.179% | $101K | $475K | 10x | as long as short |
| Binance QCOMUSDT | 0.0000% | 8h | 193.32 | −0.176% | $10.8M | $24.6M | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.34 | −0.165% | $1.7M | $2.3M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.30 | −0.186% | $1.8M | $3.8M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 193.33 | −0.170% | $4.4M | $3.5M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 193.29 | −0.194% | $306K | $117K | — | as long as short |
edgeX QCOMUSDC
Bitget QCOMUSDT
BloFin QCOM-USDT
Aster QCOMUSDT
Extended QCOM-USD
Binance QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Variational Omni QCOMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 193.38 | −0.145% | $6K | $174K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 193.38 | −0.145% | $1K | $4.4M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.60 | −0.031% | $9K | $11K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 193.35 | −0.160% | $1.6M | $1.1M | 10x | as long as short |
| QFEX QCOM-USD | +0.0025% | 1h | 193.48 | −0.093% | $1.2M | $3.1M | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 193.21 | −0.232% | — | — | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 193.01 | −0.336% | $321K | $581K | 20x | as long as short |
| Polymarket Perps QCOM-USDshort | +0.0140% | 1h | 193.47 | −0.098% | $79K | $844K | 10x | |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 212.01 | +9.475% | $25K | $25K | 12x | as long as short |
| Phoenix QCOMlong | +0.0414% | 1h | 193.66 | long leg | $97K | $237K | 10x | |
| tradeXYZ xyz:QCOM | +0.0726% | 1h | 193.46 | −0.103% | $7.7M | $2.8M | 10x | as long as short |
GRVT QCOM_USDT_Perp
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDT
QFEX QCOM-USD
Lighter QCOM
KuCoin QCOMUSDTM
Injective QCOM/USDC PERP
tradeXYZ xyz:QCOM