Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0327%/8h= +35.8% APRpaid last 24h +0.065%

Price spread now: Phoenix against GRVT−0.046%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on GRVT Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now −0.046%, 7d avg +0.008%

Together, before fees+0.291%+ Points / potential airdropGRVT: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.054% cheaper against GRVT than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.008%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.323% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT QCOM_USDT_Perp	195.90	0	get 0.0000% / 8h	7h 12m	$6K	$197K	10x
Short	Phoenix QCOM	195.81	0.0327	get 0.0041% / 1h	12m 36s	$98K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against GRVT. 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 GRVTbpFee PhoenixbpOrdersPrice spread, now −0.046%Rate

Funding earned: $68.58
Price spread: −0.046% → +0.008%: −$5.39
Slippage, 4 orders: −$54.86
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$7.66
Costs to cover: 0.709%
Break-even: 7.8 days

Slippage from GRVT: live order book, 60 min ago; Phoenix: live order book, 57 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 GRVT live order book, 60 min ago	1.53 bp	12.4 bp −$12	836.7 bp −$8,367	doesn't fit	doesn't fit
Sell Phoenix live order book, 57 min ago	7.66 bp	22.0 bp −$22	48.9 bp −$489	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	−0.0866%	4h	195.91	+0.004%	$82K	$270K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.87	−0.016%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.90	0.000%	$2.0M	$1.7M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.96	+0.031%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.94	+0.020%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.86	−0.020%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perplong	0.0000%	8h	195.90	long leg	$6K	$197K	10x
SunX QCOM-USDT	0.0000%	8h	195.80	−0.051%	$683	$4.7M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.22	+0.163%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.91	+0.005%	$1.6M	$964K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOM	+0.0032%	1h	195.80	−0.051%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0040%	1h	195.89	−0.005%	$1.2M	$2.9M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.91	+0.005%	$85K	$885K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.82	−0.041%	$319K	$520K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.15	+9.826%	$26K	$25K	12x	as long as short
Variational Omni QCOM	+0.0237%	8h	195.90	+0.002%	$322K	$74K	—	as long as short
BloFin QCOM-USDT	+0.0262%	8h	195.85	−0.026%	$127K	$54K	20x	as long as short
Binance QCOMUSDT	+0.0268%	8h	195.95	+0.024%	$10.8M	$22.8M	20x	as long as short
Extended QCOM-USD	+0.0272%	1h	195.91	+0.003%	$107K	$402K	10x	as long as short
Phoenix QCOMshort	+0.0327%	1h	195.81	−0.046%	$98K	$249K	10x
tradeXYZ xyz:QCOM	+0.0362%	1h	196.00	+0.051%	$7.2M	$2.2M	10x	as long as short