Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.6% APRpaid last 24h −0.028%

Price spread now: Binance against Phoenix+0.005%65s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as 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−$580.584% of the position

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.320%−$32 on $10k

Price spread, last 2 days (all we have)+0.033%+$3 · spread now +0.005%, 7d avg −0.012%

Together, before fees−0.287%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 65 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	Phoenix QCOM	195.81	0.0326	pay 0.0041% / 1h	50m 18s	$98K	$239K	10x
Short	Binance QCOMUSDT	195.82	0.0230	get 0.0230% / 8h	6h 50m	$10.8M	$22.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phoenix. 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 PhoenixbpFee BinancebpOrdersPrice spread, now +0.005%Rate

Funding earned: −$20.26
Price spread: +0.005% → −0.012%: $1.74
Slippage, 4 orders: −$41.39
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.9
Costs to cover: 0.584%
Break-even: never at this rate

Slippage from Phoenix: live order book, 14 min ago; Binance: live order book, 6 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 Phoenix live order book, 14 min ago	6.62 bp	19.8 bp −$20	43.7 bp −$437	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.28 bp	7.9 bp −$8	23.9 bp −$239	100.3 bp −$10.0K	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	195.71	−0.051%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.74	−0.036%	$2.0M	$1.7M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.86	+0.026%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.88	+0.036%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.86	+0.026%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.90	+0.046%	$6K	$196K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.78	−0.015%	$734	$4.7M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.92	+0.056%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.82	+0.005%	$1.6M	$962K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.66	−0.077%	—	—	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	+0.0043%	1h	195.78	−0.015%	$1.2M	$2.8M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.88	+0.036%	$85K	$884K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.72	−0.046%	$319K	$525K	20x	as long as short
Variational Omni QCOM	+0.0189%	8h	195.86	+0.028%	$322K	$74K	—	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.33	+9.969%	$26K	$25K	12x	as long as short
Binance QCOMUSDTshort	+0.0230%	8h	195.82	+0.005%	$10.8M	$22.7M	20x
Extended QCOM-USD	+0.0232%	1h	195.78	−0.017%	$105K	$404K	10x	as long as short
BloFin QCOM-USDT	+0.0247%	8h	195.86	+0.026%	$128K	$55K	20x	as long as short
Phoenix QCOMlong	+0.0326%	1h	195.81	long leg	$98K	$239K	10x
tradeXYZ xyz:QCOM	+0.0478%	1h	195.98	+0.087%	$7.3M	$2.2M	10x	as long as short
edgeX QCOMUSDC	+0.0598%	4h	195.84	+0.013%	$82K	$268K	10x	as long as short