Funding you earn now, next payment 08:00 UTC−0.0626%/8h= −68.5% APRpaid last 24h −0.125%
Price spread now: Phemex against tradeXYZ−0.098%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$920.923% of the position
Funding, last 7 days−0.304%−$30 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.098%, 7d avg +0.053%
=Together, before fees−0.129%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Phemex is 0.151% cheaper against tradeXYZ than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.053%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.304% in total (about -15.9% 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 | tradeXYZ xyz:QCOM | 193.49 | 0.0626 | pay 0.0078% / 1h | 57m 18s | $7.7M | $2.8M | 10x |
| Short | Phemex QCOMUSDT | 193.30 | 0 | get 0.0000% / 8h | 57m 18s | $1.6M | $1.1M | 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
- −$131.36
- Price spread: −0.098% → +0.053%
- −$15.1
- Slippage, 4 orders
- −$62.34
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$238.8
- Costs to cover
- 0.923%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; Phemex: live order book, 1 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, 11 min ago | 0.52 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.07 bp | 31.8 bp −$32 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget QCOMUSDT | −0.0293% | 8h | 193.31 | −0.093% | $1.3M | $1.2M | 20x | as long as short |
| edgeX QCOMUSDC | −0.0271% | 4h | 193.31 | −0.092% | $80K | $273K | 10x | as long as short |
| BloFin QCOM-USDT | −0.0025% | 8h | 193.28 | −0.109% | $129K | $54K | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 193.17 | −0.164% | $17K | $11K | 20x | as long as short |
| Extended QCOM-USD | 0.0000% | 1h | 193.26 | −0.116% | $101K | $475K | 10x | as long as short |
| Binance QCOMUSDT | 0.0000% | 8h | 193.31 | −0.092% | $10.8M | $24.6M | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.26 | −0.119% | $1.7M | $2.3M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.32 | −0.088% | $1.8M | $3.8M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 193.32 | −0.088% | $4.4M | $3.5M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 193.38 | −0.056% | $306K | $117K | — | as long as short |
Bitget QCOMUSDT
edgeX QCOMUSDC
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 | 193.39 | −0.052% | $6K | $181K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 193.23 | −0.134% | $508 | $4.4M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.31 | −0.093% | $9K | $11K | 20x | as long as short |
| Phemex QCOMUSDTshort | 0.0000% | 8h | 193.30 | −0.098% | $1.6M | $1.1M | 10x | |
| QFEX QCOM-USD | +0.0025% | 1h | 193.27 | −0.114% | $1.2M | $3.2M | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 193.10 | −0.202% | — | — | 10x | as long as short |
| Polymarket Perps QCOM-USD | +0.0053% | 1h | 193.26 | −0.119% | $76K | $863K | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 193.10 | −0.202% | $321K | $567K | 20x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 212.46 | +9.804% | $25K | $25K | 12x | as long as short |
| Phoenix QCOM | +0.0496% | 1h | 193.39 | −0.052% | $97K | $237K | 10x | as long as short |
| tradeXYZ xyz:QCOMlong | +0.0626% | 1h | 193.49 | long leg | $7.7M | $2.8M | 10x |
GRVT QCOM_USDT_Perp
SunX QCOM-USDT
HTX QCOM-USDT
QFEX QCOM-USD
Lighter QCOM
Polymarket Perps QCOM-USD
KuCoin QCOMUSDTM
Injective QCOM/USDC PERP
Phoenix QCOM