Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0417%/8h= +45.6% APRnext payment +$0.52 per $10,000 · paid last 24h —

Price spread now: Phoenix against Lighter+0.245%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 Phoenix

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

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.245% dearer against Lighter than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter QCOM	195.53	0.0032	pay 0.0004% / 1h	37m 03s	—	—	10x
Short	Phoenix QCOM	196.01	0.0449	get 0.0056% / 1h	37m 03s	$98K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.245%Rate

Funding earned: $87.53
Price spread: +0.245% → 0.000%: $24.55
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $105.08
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Phoenix: live order book, 23 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 Phoenix live order book, 23 min ago	7.64 bp	21.5 bp −$22	47.6 bp −$476	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
Aster QCOMUSDT	0.0000%	8h	195.76	+0.119%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.70	+0.087%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.90	+0.189%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.91	+0.194%	$4.4M	$3.3M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.94	+0.210%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.91	+0.192%	$6K	$191K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.67	+0.072%	$908	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.83	+0.153%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.92	+0.199%	$1.6M	$998K	10x	as long as short
Lighter QCOMlong	+0.0032%	1h	195.53	long leg	—	—	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX QCOM-USD	+0.0062%	1h	195.86	+0.169%	$1.2M	$3.4M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.65	+0.061%	$319K	$547K	20x	as long as short
Variational Omni QCOM	+0.0122%	8h	195.77	+0.121%	$321K	$74K	—	as long as short
BloFin QCOM-USDT	+0.0159%	8h	195.86	+0.169%	$129K	$55K	20x	as long as short
Binance QCOMUSDT	+0.0165%	8h	195.85	+0.161%	$11.1M	$23.4M	20x	as long as short
Extended QCOM-USD	+0.0168%	1h	195.81	+0.141%	$107K	$412K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.37	+10.147%	$26K	$25K	12x	as long as short
Polymarket Perps QCOM-USD	+0.0248%	1h	195.86	+0.169%	$83K	$895K	10x	as long as short
Phoenix QCOMshort	+0.0449%	1h	196.01	+0.245%	$98K	$239K	10x
tradeXYZ xyz:QCOM	+0.0588%	1h	196.06	+0.271%	$7.4M	$2.3M	10x	as long as short
edgeX QCOMUSDC	+0.0907%	4h	195.68	+0.076%	$81K	$270K	10x	as long as short