Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Bybit against Phemex+0.021%53s7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as 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−$1311.313% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.021%, 7d avg −0.039%

Together, before fees−0.121%−$12 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: Bybit is 0.060% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 53 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	Phemex QCOMUSDT	194.99	0	get 0.0000% / 8h	50m 25s	$1.6M	$972K	10x
Short	Bybit QCOMUSDT	195.03	0	get 0.0000% / 8h	50m 25s	$1.9M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. 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 PhemexbpFee BybitbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.039%: $6
Slippage, 4 orders: −$108.3
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$125.3
Costs to cover: 1.313%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 1 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 Phemex live order book, 3 min ago	3.33 bp	26.3 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.84 bp	45.0 bp −$45	139.2 bp −$1,392	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	194.73	−0.131%	$18K	$11K	20x	as long as short
Bybit QCOMUSDTshort	0.0000%	8h	195.03	+0.021%	$1.9M	$1.9M	25x
OKX QCOM-USDT-SWAP	0.0000%	8h	195.10	+0.056%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.99	0.000%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.92	−0.036%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.79	−0.103%	$598	$4.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.15	+0.082%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTlong	0.0000%	8h	194.99	long leg	$1.6M	$972K	10x
Lighter QCOM	+0.0032%	1h	194.87	−0.062%	—	—	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.93	−0.031%	$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	−0.021%	$1.2M	$2.9M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.77	−0.113%	$317K	$512K	20x	as long as short
Variational Omni QCOM	+0.0126%	8h	194.97	−0.012%	$320K	$77K	—	as long as short
Binance QCOMUSDT	+0.0190%	8h	194.91	−0.041%	$10.8M	$23.0M	20x	as long as short
Extended QCOM-USD	+0.0192%	1h	194.86	−0.065%	$104K	$268K	10x	as long as short
BloFin QCOM-USDT	+0.0204%	8h	195.01	+0.010%	$125K	$50K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.08	+9.790%	$25K	$25K	12x	as long as short
GRVT QCOM_USDT_Perp	+0.0227%	8h	194.92	−0.036%	$7K	$220K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0261%	1h	194.96	−0.015%	$7.1M	$2.3M	10x	as long as short
Phoenix QCOM	+0.0410%	1h	194.98	−0.005%	$97K	$259K	10x	as long as short
edgeX QCOMUSDC	+0.0412%	4h	194.92	−0.034%	$81K	$266K	10x	as long as short