Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0326%/8h= +35.8% APRpaid last 24h +0.097%

Price spread now: Phoenix against HTX−0.056%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.056% cheaper against HTX than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QCOM-USDT	195.92	0	get 0.0000% / 8h	6h 50m	$10K	$10K	20x
Short	Phoenix QCOM	195.81	0.0326	get 0.0041% / 1h	50m 49s	$98K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. 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 HTXbpFee PhoenixbpOrdersPrice spread, now −0.056%Rate

Funding earned: $68.56
Price spread: −0.056% → 0.000%: −$5.61
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $43.95
Costs to cover: 0.190%
Break-even: 2.5 days

Slippage unknown: HTX: no order-book sample; Phoenix: live order book, 14 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 14 min ago	6.62 bp	19.8 bp −$20	43.8 bp −$438	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	195.74	−0.093%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.73	−0.097%	$2.0M	$1.7M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.84	−0.041%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.89	−0.015%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.91	−0.005%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.90	−0.010%	$6K	$196K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.83	−0.046%	$913	$4.7M	10x	as long as short
HTX QCOM-USDTlong	0.0000%	8h	195.92	long leg	$10K	$10K	20x
Phemex QCOMUSDT	0.0000%	8h	195.91	−0.005%	$1.6M	$963K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.67	−0.128%	—	—	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	+0.0043%	1h	195.85	−0.036%	$1.2M	$2.8M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.90	−0.010%	$85K	$884K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.74	−0.092%	$319K	$524K	20x	as long as short
Variational Omni QCOM	+0.0189%	8h	195.86	−0.028%	$322K	$74K	—	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.33	+9.907%	$26K	$25K	12x	as long as short
Binance QCOMUSDT	+0.0231%	8h	195.85	−0.036%	$10.8M	$22.8M	20x	as long as short
Extended QCOM-USD	+0.0232%	1h	195.81	−0.058%	$105K	$404K	10x	as long as short
BloFin QCOM-USDT	+0.0247%	8h	195.86	−0.031%	$128K	$55K	20x	as long as short
Phoenix QCOMshort	+0.0326%	1h	195.81	−0.056%	$98K	$239K	10x
tradeXYZ xyz:QCOM	+0.0479%	1h	196.02	+0.051%	$7.3M	$2.2M	10x	as long as short
edgeX QCOMUSDC	+0.0598%	4h	195.84	−0.043%	$82K	$268K	10x	as long as short