Funding you earn now, next payment 04:00 UTC−0.0243%/8h= −26.7% APRnext payment −$0.30 per $10,000 · paid last 24h −0.015%
Price spread now: Phoenix against tradeXYZ−0.098%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$730.727% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.098%, 7d avg +0.048%
=Together, before fees+0.162%+ Points / potential airdroptradeXYZ: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phoenix is 0.146% cheaper against tradeXYZ than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.048%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.138%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. 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 | 193.59 | 0.0694 | pay 0.0087% / 1h | 4m 46s | $7.5M | $2.6M | 10x |
| Short | Phoenix QCOM | 193.40 | 0.0450 | get 0.0056% / 1h | 4m 46s | $97K | $239K | 10x |
tradeXYZ xyz:QCOM
Phoenix QCOMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$51.13
- Price spread: −0.098% → +0.048%
- −$14.57
- Slippage, 4 orders
- −$47.66
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$138.36
- Costs to cover
- 0.727%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Phoenix: live order book, 45 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, 3 min ago | 0.78 bp | 13.9 bp −$14 | 24.7 bp −$247 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 45 min ago | 7.71 bp | 22.0 bp −$22 | 48.9 bp −$489 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX QCOMUSDC | −0.0631% | 4h | 193.21 | −0.194% | $80K | $272K | 10x | as long as short |
| Bitget QCOMUSDT | −0.0236% | 8h | 193.70 | +0.057% | $1.3M | $1.1M | 20x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 193.45 | −0.074% | $17K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 193.66 | +0.036% | $2.0M | $2.2M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 193.56 | −0.015% | $1.8M | $3.7M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 193.56 | −0.015% | $4.4M | $3.3M | 50x | as long as short |
| Variational Omni QCOM | 0.0000% | 8h | 193.60 | +0.006% | $306K | $85K | — | as long as short |
| GRVT QCOM_USDT_Perp | 0.0000% | 8h | 193.37 | −0.115% | $6K | $186K | 10x | as long as short |
| SunX QCOM-USDT | 0.0000% | 8h | 193.47 | −0.062% | $695 | $4.5M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 193.63 | +0.021% | $9K | $10K | 20x | as long as short |
edgeX QCOMUSDC
Bitget QCOMUSDT
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 | 193.48 | −0.057% | $1.6M | $1.0M | 10x | as long as short |
| QFEX QCOM-USD | +0.0029% | 1h | 193.48 | −0.057% | $1.2M | $3.2M | 10x | as long as short |
| Lighter QCOM | +0.0032% | 1h | 193.19 | −0.207% | — | — | 10x | as long as short |
| Extended QCOM-USD | +0.0048% | 1h | 193.49 | −0.052% | $101K | $350K | 10x | as long as short |
| Binance QCOMUSDT | +0.0051% | 8h | 193.54 | −0.028% | $11.0M | $23.5M | 20x | as long as short |
| BloFin QCOM-USDT | +0.0051% | 8h | 193.63 | +0.021% | $129K | $54K | 20x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 193.28 | −0.160% | $315K | $545K | 20x | as long as short |
| Polymarket Perps QCOM-USD | +0.0210% | 1h | 193.54 | −0.026% | $77K | $897K | 10x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 212.38 | +9.706% | $25K | $25K | 12x | as long as short |
| Phoenix QCOMshort | +0.0450% | 1h | 193.40 | −0.098% | $97K | $239K | 10x | |
| tradeXYZ xyz:QCOMlong | +0.0694% | 1h | 193.59 | long leg | $7.5M | $2.6M | 10x |
Phemex QCOMUSDT
QFEX QCOM-USD
Lighter QCOM
Extended QCOM-USD
Binance QCOMUSDT
BloFin QCOM-USDT
KuCoin QCOMUSDTM
Polymarket Perps QCOM-USD
Injective QCOM/USDC PERP