Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0476%/8h= +52.1% APRpaid last 24h +0.087%

Price spread now: tradeXYZ against OKX−0.005%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 7 days−0.056%−$6 · spread now −0.005%, 7d avg −0.064%

Together, before fees+0.164%+ Points / potential airdroptradeXYZ: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and tradeXYZ is 0.059% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.064%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.220% in total (about 11.5% 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	OKX QCOM-USDT-SWAP	194.80	0	get 0.0000% / 8h	1h 23m	$1.7M	$3.7M	20x
Short	tradeXYZ xyz:QCOM	194.79	0.0476	get 0.0059% / 1h	23m 48s	$7.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.005%Rate

Funding earned: $99.96
Price spread: −0.005% → −0.064%: $5.9
Slippage, 4 orders: −$20.06
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $57.79
Costs to cover: 0.481%
Break-even: 3.0 days

Slippage from OKX: live order book, 4 min ago; tradeXYZ: live order book, 5 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, 4 min ago	0.26 bp	15.2 bp −$15	33.3 bp −$333	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.51 bp	13.1 bp −$13	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
Aster QCOMUSDT	0.0000%	8h	194.63	−0.088%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.69	−0.056%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAPlong	0.0000%	8h	194.80	long leg	$1.7M	$3.7M	20x
Gate QCOM_USDT	0.0000%	8h	194.76	−0.021%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.72	−0.041%	$1.3M	$1.2M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.51	−0.149%	$854	$5.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.83	+0.015%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.79	−0.005%	$1.6M	$982K	10x	as long as short
Variational Omni QCOM	+0.0010%	8h	194.69	−0.056%	$319K	$77K	—	as long as short
Lighter QCOM	+0.0032%	1h	194.58	−0.113%	—	—	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	+0.0056%	1h	194.72	−0.041%	$1.2M	$2.9M	10x	as long as short
Binance QCOMUSDT	+0.0088%	8h	194.79	−0.007%	$10.8M	$23.1M	20x	as long as short
Extended QCOM-USD	+0.0088%	1h	194.75	−0.026%	$104K	$268K	10x	as long as short
BloFin QCOM-USDT	+0.0099%	8h	194.63	−0.087%	$125K	$50K	20x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.56	−0.123%	$317K	$517K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0120%	1h	194.79	−0.005%	$89K	$1.4M	10x	as long as short
GRVT QCOM_USDT_Perp	+0.0142%	8h	194.64	−0.082%	$7K	$228K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	213.79	+9.748%	$25K	$25K	12x	as long as short
Phoenix QCOM	+0.0329%	1h	194.53	−0.139%	$97K	$259K	10x	as long as short
edgeX QCOMUSDC	+0.0455%	4h	194.67	−0.069%	$81K	$264K	10x	as long as short
tradeXYZ xyz:QCOMshort	+0.0476%	1h	194.79	−0.005%	$7.1M	$2.3M	10x