Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Phemex against Lighter+0.155%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.155% dearer against Lighter than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter QCOM	193.11	0.0032	pay 0.0004% / 1h	35m 06s	—	—	10x
Short	Phemex QCOMUSDT	193.41	0	get 0.0000% / 8h	2h 35m	$1.6M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Lighter. 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 LighterbpFee PhemexbpOrdersPrice spread, now +0.155%Rate

Funding earned: −$6.72
Price spread: +0.155% → 0.000%: $15.54
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$3.18
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Phemex: live order book, 3 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 Lighter no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	2.85 bp	33.7 bp −$34	doesn't fit	doesn't fit	doesn't fit

Lighter: 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
Bitget QCOMUSDT	−0.0228%	8h	193.40	+0.150%	$1.3M	$1.1M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	193.17	+0.032%	$17K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	193.41	+0.155%	$1.7M	$2.4M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	193.30	+0.098%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	193.39	+0.145%	$4.4M	$3.4M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	193.26	+0.078%	$306K	$84K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	193.45	+0.176%	$6K	$186K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	193.15	+0.021%	$535	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	193.43	+0.166%	$9K	$11K	20x	as long as short
Phemex QCOMUSDTshort	0.0000%	8h	193.41	+0.155%	$1.6M	$1.1M	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance QCOMUSDT	+0.0021%	8h	193.22	+0.057%	$11.0M	$23.9M	20x	as long as short
Extended QCOM-USD	+0.0024%	1h	193.30	+0.100%	$101K	$472K	10x	as long as short
Lighter QCOMlong	+0.0032%	1h	193.11	long leg	—	—	10x
BloFin QCOM-USDT	+0.0048%	8h	193.35	+0.124%	$130K	$54K	20x	as long as short
QFEX QCOM-USD	+0.0058%	1h	193.34	+0.119%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	193.15	+0.021%	$316K	$549K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	212.38	+9.979%	$25K	$25K	12x	as long as short
Polymarket Perps QCOM-USD	+0.0230%	1h	193.39	+0.145%	$76K	$897K	10x	as long as short
Phoenix QCOM	+0.0496%	1h	193.20	+0.047%	$97K	$239K	10x	as long as short
edgeX QCOMUSDC	+0.0522%	4h	193.38	+0.142%	$80K	$273K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0688%	1h	193.36	+0.129%	$7.5M	$2.6M	10x	as long as short