Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Phemex against Bybit+0.061%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1201.202% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.203%+$20 · spread now +0.061%, 7d avg +0.038%

Together, before fees+0.185%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.023% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit QCOMUSDT	195.88	0	get 0.0000% / 8h	5h 32m	$2.5M	$1.9M	25x
Short	Phemex QCOMUSDT	196.00	0	get 0.0000% / 8h	5h 32m	$1.6M	$999K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bybit. 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 BybitbpFee PhemexbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.038%: $2.28
Slippage, 4 orders: −$97.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$117.93
Costs to cover: 1.202%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Phemex: live order book, 5 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 Bybit live order book, 4 min ago	5.36 bp	37.9 bp −$38	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.04 bp	25.9 bp −$26	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
edgeX QCOMUSDC	−0.0811%	4h	195.90	+0.010%	$81K	$271K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.99	+0.056%	$18K	$11K	20x	as long as short
Bybit QCOMUSDTlong	0.0000%	8h	195.88	long leg	$2.5M	$1.9M	25x
OKX QCOM-USDT-SWAP	0.0000%	8h	196.00	+0.061%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	196.00	+0.061%	$4.4M	$3.3M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.01	+0.066%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.90	+0.010%	$6K	$191K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.85	−0.015%	$640	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.00	+0.061%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTshort	0.0000%	8h	196.00	+0.061%	$1.6M	$999K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOM	+0.0032%	1h	195.79	−0.046%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0062%	1h	195.94	+0.031%	$1.2M	$3.3M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.77	−0.056%	$319K	$547K	20x	as long as short
Variational Omni QCOM	+0.0116%	8h	195.89	+0.006%	$322K	$75K	—	as long as short
BloFin QCOM-USDT	+0.0141%	8h	196.04	+0.082%	$129K	$55K	20x	as long as short
Binance QCOMUSDT	+0.0167%	8h	196.00	+0.059%	$11.1M	$23.4M	20x	as long as short
Extended QCOM-USD	+0.0168%	1h	195.90	+0.012%	$107K	$412K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.37	+9.950%	$26K	$25K	12x	as long as short
Polymarket Perps QCOM-USD	+0.0252%	1h	196.00	+0.061%	$83K	$895K	10x	as long as short
Phoenix QCOM	+0.0449%	1h	196.01	+0.066%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0603%	1h	196.12	+0.123%	$7.4M	$2.3M	10x	as long as short