Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.012%

Price spread now: QFEX against Phemex+0.036%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on Phemex Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.093%−$9 · spread now +0.036%, 7d avg −0.046%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.082% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QCOMUSDT	195.82	0	get 0.0000% / 8h	6h 03m	$1.6M	$985K	10x
Short	QFEX QCOM-USD	195.89	0.0043	get 0.0005% / 1h	3m 27s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $8.99
Price spread: +0.036% → −0.046%: $8.17
Slippage, 4 orders: −$56.81
Fee Phemex: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$61.65
Costs to cover: 0.788%
Break-even: 55.0 days

Slippage from Phemex: live order book, 5 min ago; QFEX: live order book, 4 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, 5 min ago	5.36 bp	29.3 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.04 bp	8.9 bp −$9	10.7 bp −$107	doesn't fit	doesn't fit

QCOM on 20 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
edgeX QCOMUSDC	−0.0450%	4h	195.78	−0.019%	$81K	$270K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	196.10	+0.141%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.91	+0.046%	$2.4M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.00	+0.092%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	196.07	+0.128%	$4.5M	$3.3M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.04	+0.112%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.78	−0.022%	$6K	$192K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.72	−0.051%	$930	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.91	+0.046%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTlong	0.0000%	8h	195.82	long leg	$1.6M	$985K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOM	+0.0032%	1h	195.87	+0.026%	—	—	10x	as long as short
QFEX QCOM-USDshort	+0.0043%	1h	195.89	+0.036%	$1.2M	$3.1M	10x
KuCoin QCOMUSDTM	+0.0100%	8h	195.83	+0.005%	$319K	$539K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0104%	1h	196.04	+0.112%	$83K	$889K	10x	as long as short
Variational Omni QCOM	+0.0138%	8h	195.78	−0.020%	$321K	$74K	—	as long as short
Extended QCOM-USD	+0.0184%	1h	195.95	+0.068%	$102K	$407K	10x	as long as short
Binance QCOMUSDT	+0.0186%	8h	196.03	+0.109%	$11.1M	$23.2M	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.48	+10.040%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0326%	1h	195.97	+0.077%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0528%	1h	196.12	+0.153%	$7.4M	$2.3M	10x	as long as short