Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: Phemex against OKX+0.062%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$890.886% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.062%, 7d avg +0.018%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.044% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX QCOM-USDT-SWAP	194.00	0	get 0.0000% / 8h	2h 51m	$1.8M	$3.7M	20x
Short	Phemex QCOMUSDT	194.12	0	get 0.0000% / 8h	2h 51m	$1.6M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.018%: $4.36
Slippage, 4 orders: −$66.57
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$84.22
Costs to cover: 0.886%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Phemex: live order book, 2 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 OKX live order book, 1 min ago	1.55 bp	10.1 bp −$10	28.9 bp −$289	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	6.18 bp	30.6 bp −$31	doesn't fit	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
Bitget QCOMUSDT	−0.0216%	8h	194.02	+0.010%	$1.3M	$1.1M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	193.89	−0.056%	$17K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.01	+0.005%	$1.9M	$2.2M	25x	as long as short
OKX QCOM-USDT-SWAPlong	0.0000%	8h	194.00	long leg	$1.8M	$3.7M	20x
Gate QCOM_USDT	0.0000%	8h	194.05	+0.026%	$4.4M	$3.3M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	193.88	−0.064%	$307K	$84K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	194.04	+0.022%	$6K	$186K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	193.82	−0.093%	$766	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.07	+0.036%	$9K	$11K	20x	as long as short
Phemex QCOMUSDTshort	0.0000%	8h	194.12	+0.062%	$1.6M	$1.0M	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QCOM-USDT	+0.0021%	8h	193.94	−0.031%	$129K	$54K	20x	as long as short
Lighter QCOM	+0.0032%	1h	193.86	−0.072%	—	—	10x	as long as short
Binance QCOMUSDT	+0.0046%	8h	193.97	−0.015%	$11.0M	$23.7M	20x	as long as short
Extended QCOM-USD	+0.0048%	1h	193.92	−0.043%	$101K	$472K	10x	as long as short
QFEX QCOM-USD	+0.0058%	1h	193.97	−0.015%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	193.71	−0.149%	$316K	$549K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	212.60	+9.588%	$25K	$25K	12x	as long as short
Polymarket Perps QCOM-USD	+0.0270%	1h	194.01	+0.005%	$78K	$897K	10x	as long as short
Phoenix QCOM	+0.0496%	1h	194.17	+0.088%	$97K	$239K	10x	as long as short
edgeX QCOMUSDC	+0.0733%	4h	194.00	+0.001%	$80K	$273K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0748%	1h	194.17	+0.088%	$7.5M	$2.6M	10x	as long as short