Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.058%

Price spread now: Phemex against Extended−0.024%7-day average +0.051% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.024%, 7d avg +0.051%

Together, before fees−0.039%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.075% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.142% in total (about -7.4% 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	Extended QCOM-USD	195.95	0.0256	pay 0.0032% / 1h	6m 55s	$107K	$402K	10x
Short	Phemex QCOMUSDT	195.90	0	get 0.0000% / 8h	7h 06m	$1.6M	$965K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Extended. 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 ExtendedbpFee PhemexbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$53.76
Price spread: −0.024% → +0.051%: −$7.53
Slippage, 4 orders: −$90.35
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$168.65
Costs to cover: 1.074%
Break-even: never at this rate

Slippage from Extended: live order book, 65 min ago; Phemex: live order book, 1 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 Extended live order book, 65 min ago	5.37 bp	21.1 bp −$21	147.0 bp −$1,470	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	3.57 bp	29.7 bp −$30	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
Aster QCOMUSDT	0.0000%	8h	195.84	−0.053%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.91	−0.019%	$2.0M	$1.7M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.00	+0.027%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.95	+0.002%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.97	+0.012%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.91	−0.019%	$6K	$197K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.87	−0.039%	$791	$4.7M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.05	+0.053%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTshort	0.0000%	8h	195.90	−0.024%	$1.6M	$965K	10x
Lighter QCOM	+0.0032%	1h	195.90	−0.024%	—	—	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	+0.0040%	1h	195.89	−0.029%	$1.2M	$2.8M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.97	+0.012%	$85K	$885K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.80	−0.075%	$319K	$524K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.15	+9.800%	$26K	$25K	12x	as long as short
Variational Omni QCOM	+0.0227%	8h	195.81	−0.069%	$322K	$74K	—	as long as short
Extended QCOM-USDlong	+0.0256%	1h	195.95	long leg	$107K	$402K	10x
Binance QCOMUSDT	+0.0256%	8h	196.00	+0.026%	$10.8M	$22.8M	20x	as long as short
BloFin QCOM-USDT	+0.0257%	8h	195.88	−0.034%	$128K	$54K	20x	as long as short
edgeX QCOMUSDC	+0.0298%	4h	195.90	−0.024%	$82K	$268K	10x	as long as short
Phoenix QCOM	+0.0327%	1h	196.00	+0.027%	$98K	$249K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0355%	1h	196.07	+0.063%	$7.2M	$2.2M	10x	as long as short