Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0496%/8h= +54.4% APRpaid last 24h +0.102%

Price spread now: Phoenix against Gate+0.047%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on Gate Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.382%+$38 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.047%, 7d avg −0.005%

Together, before fees+0.220%+$22 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 Phoenix is 0.052% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QCOM_USDT	192.64	0	get 0.0000% / 8h	1h 38m	$4.4M	$3.5M	50x
Short	Phoenix QCOM	192.73	0.0496	get 0.0062% / 1h	38m 54s	$96K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Gate. 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 GatebpFee PhoenixbpOrdersPrice spread, now +0.047%Rate

Funding earned: $104.25
Price spread: +0.047% → −0.005%: $5.21
Slippage, 4 orders: −$54.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $32.92
Costs to cover: 0.765%
Break-even: 4.8 days

Slippage from Gate: live order book, 4 min ago; Phoenix: 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 Gate live order book, 4 min ago	4.67 bp	14.6 bp −$15	41.9 bp −$419	81.9 bp −$8,186	doesn't fit
Sell Phoenix live order book, 1 min ago	7.78 bp	21.9 bp −$22	48.7 bp −$487	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
edgeX QCOMUSDC	−0.0420%	4h	192.58	−0.031%	$79K	$273K	10x	as long as short
Bitget QCOMUSDT	−0.0407%	8h	192.72	+0.042%	$1.3M	$1.2M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	192.70	+0.033%	$17K	$11K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	192.59	−0.025%	$101K	$477K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	192.64	0.000%	$10.8M	$24.5M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	192.69	+0.026%	$1.7M	$2.3M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	192.58	−0.031%	$1.8M	$3.8M	20x	as long as short
Gate QCOM_USDTlong	0.0000%	8h	192.64	long leg	$4.4M	$3.5M	50x
Variational Omni QCOM	0.0000%	8h	192.58	−0.030%	$321K	$100K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	192.64	−0.001%	$6K	$183K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QCOM-USDT	0.0000%	8h	192.50	−0.073%	$701	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	192.70	+0.031%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	192.62	−0.010%	$1.6M	$1.1M	10x	as long as short
BloFin QCOM-USDT	+0.0012%	8h	192.66	+0.010%	$130K	$54K	20x	as long as short
Lighter QCOM	+0.0032%	1h	192.40	−0.125%	—	—	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	192.62	−0.010%	$75K	$885K	10x	as long as short
QFEX QCOM-USD	+0.0051%	1h	192.60	−0.021%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	192.46	−0.093%	$320K	$573K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	212.24	+10.174%	$25K	$25K	12x	as long as short
tradeXYZ xyz:QCOM	+0.0455%	1h	192.78	+0.073%	$7.6M	$2.7M	10x	as long as short
Phoenix QCOMshort	+0.0496%	1h	192.73	+0.047%	$96K	$239K	10x