Funding you earn now, next payment 22:00 UTC+0.0259%/8h= +28.3% APRnext payment +$0.32 per $10,000 · paid last 24h +0.055%
Price spread now: Phoenix against Polymarket Perps+0.082%59s7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as 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−$450.446% of the position
Funding, last 7 days+0.293%+$29 on $10k
+Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.082%, 7d avg +0.061%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.021% dearer against Polymarket Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.061%. 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 | Polymarket Perps QCOM-USD | 194.68 | 0.0070 | pay 0.0009% / 1h | 3m 38s | $83K | $1.4M | 10x |
| Short | Phoenix QCOM | 194.84 | 0.0329 | get 0.0041% / 1h | 3m 38s | $97K | $259K | 10x |
Polymarket Perps QCOM-USD
Phoenix QCOMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Polymarket Perps. 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
- $54.3
- Price spread: +0.082% → +0.061%
- $2.08
- Slippage, 4 orders
- −$29.56
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $11.81
- Costs to cover
- 0.446%
- Break-even
- 5.5 days
Slippage from Polymarket Perps: live order book, 5 min ago; Phoenix: live order book, 11 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 Polymarket Perps live order book, 5 min ago | 2.05 bp | 6.5 bp −$6 | 7.4 bp −$74 | 9.6 bp −$958 | doesn't fit |
| Sell Phoenix live order book, 11 min ago | 5.13 bp | 16.0 bp −$16 | 34.6 bp −$346 | 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 | 194.53 | −0.077% | $18K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 194.68 | 0.000% | $1.9M | $1.9M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 194.81 | +0.067% | $1.7M | $3.7M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 194.72 | +0.021% | $4.4M | $3.2M | 50x | as long as short |
| Bitget QCOMUSDT | 0.0000% | 8h | 194.74 | +0.031% | $1.3M | $1.2M | 20x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 194.60 | −0.041% | $798 | $5.0M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 194.92 | +0.123% | $10K | $10K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 194.74 | +0.031% | $1.6M | $981K | 10x | as long as short |
| edgeX QCOMUSDC | +0.0015% | 4h | 194.77 | +0.044% | $81K | $266K | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 194.41 | −0.139% | — | — | 10x | as long as short |
Aster QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Bitget QCOMUSDT
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDT
edgeX QCOMUSDC
Lighter QCOMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX QCOM-USD | +0.0056% | 1h | 194.66 | −0.010% | $1.2M | $2.9M | 10x | as long as short |
| Polymarket Perps QCOM-USDlong | +0.0070% | 1h | 194.68 | long leg | $83K | $1.4M | 10x | |
| Variational Omni QCOM | +0.0074% | 8h | 194.79 | +0.056% | $320K | $77K | — | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 194.51 | −0.087% | $317K | $516K | 20x | as long as short |
| BloFin QCOM-USDT | +0.0119% | 8h | 194.82 | +0.072% | $125K | $50K | 20x | as long as short |
| Extended QCOM-USD | +0.0136% | 1h | 194.70 | +0.009% | $104K | $268K | 10x | as long as short |
| Binance QCOMUSDT | +0.0138% | 8h | 194.73 | +0.027% | $10.8M | $23.1M | 20x | as long as short |
| GRVT QCOM_USDT_Perp | +0.0197% | 8h | 194.82 | +0.072% | $7K | $222K | 10x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 214.32 | +10.088% | $25K | $25K | 12x | as long as short |
| Phoenix QCOMshort | +0.0329% | 1h | 194.84 | +0.082% | $97K | $259K | 10x | |
| tradeXYZ xyz:QCOM | +0.0443% | 1h | 194.72 | +0.021% | $7.1M | $2.3M | 10x | as long as short |
QFEX QCOM-USD
Variational Omni QCOM
KuCoin QCOMUSDTM
BloFin QCOM-USDT
Extended QCOM-USD
Binance QCOMUSDT
GRVT QCOM_USDT_Perp
Injective QCOM/USDC PERP
tradeXYZ xyz:QCOM