Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Phemex−0.168%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Lighter

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

Funding pays, the price is against you. Lighter is 0.168% cheaper against Phemex than usual: you would sell low and buy high (spread −0.168% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 18 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QCOMUSDT	195.99	0	get 0.0000% / 8h	4h 22m	$1.6M	$990K	10x
Short	Lighter QCOM	195.66	0.0032	get 0.0004% / 1h	22m 45s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.168%Rate

Funding earned: $6.72
Price spread: −0.168% → 0.000%: −$16.84
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$22.12
Costs to cover: 0.120%
Break-even: 30.0 days

Slippage unknown: Phemex: live order book, 5 min ago; Lighter: no order-book sample. 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 Phemex live order book, 5 min ago	1.02 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	195.89	−0.050%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.81	−0.092%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.90	−0.046%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.99	0.000%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.97	−0.010%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.98	−0.003%	$6K	$190K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.72	−0.138%	$1K	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.85	−0.071%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTlong	0.0000%	8h	195.99	long leg	$1.6M	$990K	10x
Variational Omni QCOM	+0.0013%	8h	195.83	−0.082%	$318K	$78K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOMshort	+0.0032%	1h	195.66	−0.168%	—	—	10x
QFEX QCOM-USD	+0.0032%	1h	195.82	−0.087%	$1.2M	$3.3M	10x	as long as short
Extended QCOM-USD	+0.0080%	1h	195.87	−0.060%	$103K	$421K	10x	as long as short
Binance QCOMUSDT	+0.0081%	8h	195.93	−0.030%	$11.1M	$22.8M	20x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.81	−0.092%	$319K	$514K	20x	as long as short
BloFin QCOM-USDT	+0.0103%	8h	195.89	−0.051%	$129K	$54K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0111%	1h	195.89	−0.051%	$83K	$894K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.64	+10.026%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0448%	1h	196.08	+0.046%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0510%	1h	196.06	+0.036%	$7.5M	$2.4M	10x	as long as short
edgeX QCOMUSDC	+0.0685%	4h	195.78	−0.109%	$81K	$271K	10x	as long as short