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 Bitget−0.051%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$900.898% of the position

Long on Bitget Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.415%+$42 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.051%, 7d avg −0.007%

Together, before fees+0.387%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.044% cheaper against Bitget than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.007%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.415% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QCOMUSDT	195.89	0	get 0.0000% / 8h	6m 56s	$1.3M	$1.1M	20x
Short	Phoenix QCOM	195.79	0.0410	get 0.0051% / 1h	6m 56s	$98K	$259K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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 BitgetbpFee PhoenixbpOrdersPrice spread, now −0.051%Rate

Funding earned: $86.17
Price spread: −0.051% → −0.007%: −$4.4
Slippage, 4 orders: −$70.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$8.05
Costs to cover: 0.898%
Break-even: 7.7 days

Slippage from Bitget: live order book, 4 min ago; Phoenix: live order book, 3 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 Bitget live order book, 4 min ago	4.09 bp	15.6 bp −$16	38.1 bp −$381	doesn't fit	doesn't fit
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

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	−0.093%	$82K	$267K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.66	−0.119%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.85	−0.020%	$2.0M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.95	+0.031%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.81	−0.041%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDTlong	0.0000%	8h	195.89	long leg	$1.3M	$1.1M	20x
SunX QCOM-USDT	0.0000%	8h	195.59	−0.153%	$882	$4.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.91	+0.010%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.82	−0.036%	$1.6M	$971K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.64	−0.128%	—	—	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	−0.087%	$1.2M	$3.0M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0090%	1h	195.78	−0.056%	$85K	$1.4M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.62	−0.138%	$319K	$520K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.09	+9.801%	$26K	$25K	12x	as long as short
Variational Omni QCOM	+0.0239%	8h	195.77	−0.063%	$322K	$75K	—	as long as short
Binance QCOMUSDT	+0.0288%	8h	195.87	−0.010%	$10.9M	$23.0M	20x	as long as short
Extended QCOM-USD	+0.0288%	1h	195.85	−0.020%	$105K	$268K	10x	as long as short
BloFin QCOM-USDT	+0.0294%	8h	195.76	−0.066%	$126K	$50K	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0298%	8h	195.77	−0.061%	$6K	$209K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0316%	1h	195.89	0.000%	$7.2M	$2.2M	10x	as long as short
Phoenix QCOMshort	+0.0410%	1h	195.79	−0.051%	$98K	$259K	10x