Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0489%/8h= +53.5% APRpaid last 24h +0.086%

Price spread now: tradeXYZ against Bybit+0.071%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1181.183% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.071%, 7d avg −0.033%

Together, before fees+0.114%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and tradeXYZ is 0.105% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.033%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.252% in total (about 13.1% a year). A funding rate is set anew for every payment. 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	Bybit QCOMUSDT	195.89	0	get 0.0000% / 8h	6h 18m	$2.0M	$1.5M	25x
Short	tradeXYZ xyz:QCOM	196.03	0.0489	get 0.0061% / 1h	18m 37s	$7.3M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.071%Rate

Funding earned: $102.67
Price spread: +0.071% → −0.033%: $10.48
Slippage, 4 orders: −$89.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$5.17
Costs to cover: 1.183%
Break-even: 7.4 days

Slippage from Bybit: live order book, 3 min ago; tradeXYZ: live order book, 10 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, 3 min ago	6.38 bp	39.3 bp −$39	121.9 bp −$1,219	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	1.02 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit

QCOM on 20 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	−0.0503%	4h	195.80	−0.048%	$81K	$269K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.89	+0.002%	$18K	$11K	20x	as long as short
Bybit QCOMUSDTlong	0.0000%	8h	195.89	long leg	$2.0M	$1.5M	25x
OKX QCOM-USDT-SWAP	0.0000%	8h	195.92	+0.015%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.89	0.000%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.79	−0.051%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.88	−0.007%	$6K	$193K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.89	0.000%	$968	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.88	−0.005%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.92	+0.015%	$1.6M	$968K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOM	+0.0032%	1h	195.75	−0.071%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0043%	1h	195.83	−0.031%	$1.2M	$2.9M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0074%	1h	195.98	+0.046%	$84K	$879K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.64	−0.128%	$319K	$536K	20x	as long as short
Variational Omni QCOM	+0.0144%	8h	195.80	−0.047%	$322K	$74K	—	as long as short
Extended QCOM-USD	+0.0184%	1h	195.83	−0.032%	$102K	$407K	10x	as long as short
Binance QCOMUSDT	+0.0185%	8h	195.88	−0.004%	$10.8M	$22.8M	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.41	+9.454%	$25K	$25K	12x	as long as short
Phoenix QCOM	+0.0326%	1h	195.91	+0.010%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOMshort	+0.0489%	1h	196.03	+0.071%	$7.3M	$2.3M	10x