Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0708%/8h= +77.6% APRpaid last 24h −0.137%

Price spread now: Extended against edgeX+0.323%93s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as 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−$630.627% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)−0.393%−$39 · spread now +0.323%, 7d avg −0.014%

Together, before fees−0.166%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Extended is 0.337% dearer against edgeX than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.227% in total (about 11.8% 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	edgeX QCOMUSDC	195.54	−0.0516	get 0.0258% / 4h	2h 26m	$81K	$268K	10x
Short	Extended QCOM-USD	196.18	0.0192	get 0.0024% / 1h	26m 05s	$102K	$407K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now +0.323%Rate

Funding earned: $148.73
Price spread: +0.323% → −0.014%: $33.74
Slippage, 4 orders: −$48.75
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $119.72
Costs to cover: 0.627%
Break-even: 1.4 days

Slippage from edgeX: live order book, 42 min ago; Extended: live order book, 41 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 edgeX live order book, 42 min ago	5.61 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 41 min ago	3.58 bp	19.0 bp −$19	164.8 bp −$1,648	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 QCOMUSDClong	−0.0516%	4h	195.54	long leg	$81K	$268K	10x
Aster QCOMUSDT	0.0000%	8h	196.09	+0.278%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	196.13	+0.300%	$2.0M	$1.5M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.20	+0.336%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	196.28	+0.377%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.30	+0.387%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.59	+0.026%	$6K	$194K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	196.25	+0.362%	$1K	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.62	+0.040%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	196.29	+0.382%	$1.6M	$962K	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	196.03	+0.249%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0043%	1h	196.13	+0.300%	$1.2M	$2.8M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0070%	1h	196.22	+0.346%	$84K	$879K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.83	+0.147%	$319K	$531K	20x	as long as short
Variational Omni QCOM	+0.0146%	8h	196.24	+0.355%	$322K	$74K	—	as long as short
Binance QCOMUSDT	+0.0192%	8h	196.24	+0.357%	$10.9M	$22.8M	20x	as long as short
Extended QCOM-USDshort	+0.0192%	1h	196.18	+0.323%	$102K	$407K	10x
Injective QCOM/USDC PERP	+0.0220%	1h	214.41	+9.649%	$25K	$25K	12x	as long as short
Phoenix QCOM	+0.0326%	1h	195.54	−0.001%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0480%	1h	196.29	+0.382%	$7.3M	$2.3M	10x	as long as short