Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0310%/8h= +34.0% APRpaid last 24h +0.061%

Price spread now: Phoenix against KuCoin+0.092%48s7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2392.388% of the position

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$21 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.092%, 7d avg +0.074%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.205% in total (about 10.7% 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	KuCoin QCOMUSDTM	195.43	0.0100	pay 0.0100% / 8h	24m 32s	$318K	$517K	20x
Short	Phoenix QCOM	195.61	0.0410	get 0.0051% / 1h	24m 32s	$98K	$259K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now +0.092%Rate

Funding earned: $65.17
Price spread: +0.092% → +0.074%: $1.8
Slippage, 4 orders: −$219.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$171.81
Costs to cover: 2.388%
Break-even: 25.5 days

Slippage from KuCoin: live order book, 38 min ago; Phoenix: live order book, 50 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 KuCoin live order book, 38 min ago	13.36 bp	115.8 bp −$116	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 50 min ago	5.13 bp	16.0 bp −$16	34.6 bp −$346	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	−0.0383%	4h	195.42	−0.005%	$81K	$265K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.49	+0.030%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.69	+0.133%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.73	+0.154%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.65	+0.113%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.51	+0.041%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.38	−0.026%	$965	$4.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.63	+0.102%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.61	+0.092%	$1.6M	$970K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.41	−0.010%	—	—	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	+0.0052%	1h	195.61	+0.092%	$1.2M	$3.0M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0058%	1h	195.68	+0.128%	$85K	$1.4M	10x	as long as short
KuCoin QCOMUSDTMlong	+0.0100%	8h	195.43	long leg	$318K	$517K	20x
Variational Omni QCOM	+0.0194%	8h	195.55	+0.063%	$321K	$77K	—	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.79	+9.906%	$26K	$25K	12x	as long as short
BloFin QCOM-USDT	+0.0240%	8h	195.67	+0.123%	$126K	$50K	20x	as long as short
Extended QCOM-USD	+0.0248%	1h	195.62	+0.097%	$105K	$268K	10x	as long as short
Binance QCOMUSDT	+0.0250%	8h	195.66	+0.118%	$10.8M	$23.0M	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0278%	8h	195.57	+0.070%	$6K	$211K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0289%	1h	195.68	+0.128%	$7.1M	$2.2M	10x	as long as short
Phoenix QCOMshort	+0.0410%	1h	195.61	+0.092%	$98K	$259K	10x