Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0041%/8h= +4.4% APRpaid last 24h −0.038%

Price spread now: Phoenix against edgeX+0.158%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$660.663% of the position

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.569%+$57 on $10k

Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.158%, 7d avg +0.029%

Together, before fees+0.319%+ Points / potential airdropedgeX: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.129% dearer against edgeX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX QCOMUSDC	195.27	0.0408	pay 0.0204% / 4h	3h 56m	$80K	$271K	10x
Short	Phoenix QCOM	195.58	0.0448	get 0.0056% / 1h	56m 07s	$98K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.158%Rate

Funding earned: $8.51
Price spread: +0.158% → +0.029%: $12.87
Slippage, 4 orders: −$50.34
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$44.96
Costs to cover: 0.663%
Break-even: 44.0 days

Slippage from edgeX: live order book, 62 min ago; Phoenix: live order book, 59 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, 62 min ago	6.37 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 59 min ago	7.64 bp	21.8 bp −$22	48.4 bp −$484	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
Aster QCOMUSDT	0.0000%	8h	195.13	−0.073%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.91	−0.185%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.04	−0.118%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.10	−0.088%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.06	−0.108%	$1.3M	$1.1M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	195.00	−0.141%	$317K	$78K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.36	+0.045%	$6K	$189K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.90	−0.190%	$906	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.42	+0.076%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.03	−0.124%	$1.6M	$991K	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	+0.0029%	1h	195.02	−0.129%	$1.2M	$3.2M	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.72	−0.282%	—	—	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.04	−0.118%	$83K	$894K	10x	as long as short
Binance QCOMUSDT	+0.0062%	8h	195.01	−0.132%	$11.1M	$22.8M	20x	as long as short
Extended QCOM-USD	+0.0064%	1h	194.96	−0.160%	$103K	$421K	10x	as long as short
BloFin QCOM-USDT	+0.0073%	8h	195.30	+0.015%	$129K	$54K	20x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.96	−0.159%	$318K	$513K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.75	+9.975%	$26K	$25K	12x	as long as short
edgeX QCOMUSDClong	+0.0408%	4h	195.27	long leg	$80K	$271K	10x
Phoenix QCOMshort	+0.0448%	1h	195.58	+0.158%	$98K	$239K	10x
tradeXYZ xyz:QCOM	+0.0571%	1h	195.18	−0.047%	$7.5M	$2.4M	10x	as long as short