Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h +0.091%

Price spread now: Phoenix against Aster+0.068%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.068% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster QCOMUSDT	195.66	0	get 0.0000% / 8h	7m 06s	$18K	$11K	20x
Short	Phoenix QCOM	195.79	0.0410	get 0.0051% / 1h	7m 06s	$98K	$259K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee PhoenixbpOrdersPrice spread, now +0.068%Rate

Funding earned: $86.17
Price spread: +0.068% → 0.000%: $6.84
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $78.01
Costs to cover: 0.150%
Break-even: 0.7 days

Slippage unknown: Aster: no order-book sample; Phoenix: live order book, 3 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 3 min ago	7.66 bp	22.0 bp −$22	48.9 bp −$489	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0135%	4h	195.71	+0.027%	$82K	$267K	10x	as long as short
Aster QCOMUSDTlong	0.0000%	8h	195.66	long leg	$18K	$11K	20x
Bybit QCOMUSDT	0.0000%	8h	195.85	+0.099%	$2.0M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.95	+0.150%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.81	+0.079%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.89	+0.119%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.59	−0.034%	$882	$4.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.91	+0.130%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.82	+0.084%	$1.6M	$971K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.64	−0.008%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX QCOM-USD	+0.0052%	1h	195.72	+0.033%	$1.2M	$3.0M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0090%	1h	195.78	+0.063%	$85K	$1.4M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.61	−0.024%	$319K	$520K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.09	+9.933%	$26K	$25K	12x	as long as short
Variational Omni QCOM	+0.0239%	8h	195.77	+0.056%	$322K	$75K	—	as long as short
Binance QCOMUSDT	+0.0288%	8h	195.89	+0.119%	$10.9M	$23.0M	20x	as long as short
Extended QCOM-USD	+0.0288%	1h	195.77	+0.059%	$105K	$268K	10x	as long as short
BloFin QCOM-USDT	+0.0294%	8h	195.76	+0.053%	$126K	$50K	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0298%	8h	195.77	+0.058%	$6K	$209K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0316%	1h	195.89	+0.119%	$7.2M	$2.2M	10x	as long as short
Phoenix QCOMshort	+0.0410%	1h	195.79	+0.068%	$98K	$259K	10x