Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h +0.070%

Price spread now: Phoenix against OKX−0.062%96s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as 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−$580.583% of the position

Long on OKX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.378%+$38 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.062%, 7d avg +0.011%

Together, before fees+0.329%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.073% cheaper against OKX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.011%). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.378% in total) that is about 32 hours. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX QCOM-USDT-SWAP	195.10	0	get 0.0000% / 8h	49m 47s	$1.7M	$3.7M	20x
Short	Phoenix QCOM	194.98	0.0410	get 0.0051% / 1h	49m 47s	$97K	$259K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.062%Rate

Funding earned: $86.17
Price spread: −0.062% → +0.011%: −$7.27
Slippage, 4 orders: −$41.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $20.6
Costs to cover: 0.583%
Break-even: 5.3 days

Slippage from OKX: live order book, 3 min ago; Phoenix: live order book, 25 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, 3 min ago	1.28 bp	11.2 bp −$11	29.8 bp −$298	doesn't fit	doesn't fit
Sell Phoenix live order book, 25 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
Aster QCOMUSDT	0.0000%	8h	194.63	−0.243%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.00	−0.051%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAPlong	0.0000%	8h	195.10	long leg	$1.7M	$3.7M	20x
Gate QCOM_USDT	0.0000%	8h	194.99	−0.056%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.98	−0.062%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.79	−0.159%	$598	$4.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.15	+0.026%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.97	−0.067%	$1.6M	$970K	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.73	−0.190%	—	—	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.93	−0.087%	$85K	$1.4M	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	194.95	−0.077%	$1.2M	$2.9M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.76	−0.174%	$317K	$510K	20x	as long as short
Variational Omni QCOM	+0.0126%	8h	194.97	−0.069%	$320K	$77K	—	as long as short
Binance QCOMUSDT	+0.0190%	8h	194.95	−0.077%	$10.8M	$23.0M	20x	as long as short
Extended QCOM-USD	+0.0192%	1h	194.86	−0.122%	$104K	$268K	10x	as long as short
BloFin QCOM-USDT	+0.0204%	8h	195.01	−0.046%	$125K	$50K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.08	+9.728%	$25K	$25K	12x	as long as short
GRVT QCOM_USDT_Perp	+0.0227%	8h	194.92	−0.092%	$7K	$220K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0277%	1h	194.92	−0.092%	$7.1M	$2.3M	10x	as long as short
Phoenix QCOMshort	+0.0410%	1h	194.98	−0.062%	$97K	$259K	10x
edgeX QCOMUSDC	+0.0412%	4h	194.92	−0.090%	$81K	$266K	10x	as long as short