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Funding arb · Price arb /

QCOM

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0496%/8h= +54.3% APRpaid last 24h +0.083%
Price spread now: Phoenix against Bybit+0.016%45s7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1111.113% of the position
Long on BybitShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.411%+$41 on $10k
Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.016%, 7d avg +0.030%
Together, before fees+0.358%+$36 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit QCOMUSDT193.190get 0.0000% / 8h1h 58m$1.7M$2.4M25x
ShortPhoenix QCOM193.220.0496get 0.0062% / 1h58m 39s$97K$239K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$104.2
Price spread: +0.016% → +0.030%
−$1.43
Slippage, 4 orders
−$93.33
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$8.56
Costs to cover
1.113%
Break-even
7.6 days
Slippage from Bybit: live order book, 3 min ago; Phoenix: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago2.59 bp36.5 bp −$37114.9 bp −$1,149doesn't fitdoesn't fit
Sell Phoenix live order book, 46 min ago5.67 bp16.6 bp −$1736.3 bp −$363doesn't fitdoesn't fit

QCOM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX QCOMUSDC−0.0847%4h192.93−0.135%$80K$274K10xas long as short
Bitget QCOMUSDT−0.0437%8h193.20+0.005%$1.3M$1.2M20xas long as short
Aster QCOMUSDT0.0000%8h192.96−0.117%$17K$11K20xas long as short
Bybit QCOMUSDTlong0.0000%8h193.19long leg$1.7M$2.4M25x
OKX QCOM-USDT-SWAP0.0000%8h193.26+0.036%$1.8M$3.8M20xas long as short
Gate QCOM_USDT0.0000%8h193.24+0.026%$4.5M$3.5M50xas long as short
Variational Omni QCOM0.0000%8h192.94−0.130%$322K$100K—as long as short
GRVT QCOM_USDT_Perp0.0000%8h193.01−0.093%$6K$183K10xas long as short
SunX QCOM-USDT0.0000%8h192.99−0.104%$818$4.5M10xas long as short
HTX QCOM-USDT0.0000%8h193.03−0.083%$9K$11K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex QCOMUSDT0.0000%8h193.18−0.005%$1.6M$1.1M10xas long as short
BloFin QCOM-USDT+0.0002%8h192.94−0.129%$129K$54K20xas long as short
Binance QCOMUSDT+0.0008%8h193.15−0.021%$11.0M$24.3M20xas long as short
Extended QCOM-USD+0.0008%1h193.11−0.042%$101K$474K10xas long as short
Lighter QCOM+0.0032%1h192.93−0.135%——10xas long as short
Polymarket Perps QCOM-USD+0.0050%1h193.20+0.005%$76K$889K10xas long as short
QFEX QCOM-USD+0.0058%1h193.17−0.010%$1.2M$3.2M10xas long as short
KuCoin QCOMUSDTM+0.0100%8h192.93−0.135%$321K$561K20xas long as short
Injective QCOM/USDC PERP+0.0220%1h211.17+9.307%$25K$25K12xas long as short
Phoenix QCOMshort+0.0496%1h193.22+0.016%$97K$239K10x
tradeXYZ xyz:QCOM+0.0571%1h193.37+0.093%$7.6M$2.7M10xas long as short