Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0410%/8h= −44.9% APRpaid last 24h −0.091%

Price spread now: Bitget against Phoenix+0.133%109s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as 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−$1081.076% of the position

Long on Phoenix Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.415%−$42 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.133%, 7d avg +0.007%

Together, before fees−0.469%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.126% dearer against Phoenix than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.007%): +$13 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.415% in total) that is about 2.1 days. The two prices were read 109 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	195.20	0.0410	pay 0.0051% / 1h	27m 44s	$98K	$259K	10x
Short	Bitget QCOMUSDT	195.46	0	get 0.0000% / 8h	27m 44s	$1.3M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$86.17
Price spread: +0.133% → +0.007%: $12.61
Slippage, 4 orders: −$88.61
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$181.17
Costs to cover: 1.076%
Break-even: never at this rate

Slippage from Phoenix: live order book, 47 min ago; Bitget: 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 Phoenix live order book, 47 min ago	5.13 bp	16.0 bp −$16	34.5 bp −$345	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.09 bp	51.8 bp −$52	101.4 bp −$1,014	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	195.58	+0.194%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.58	+0.195%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.58	+0.195%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.50	+0.154%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDTshort	0.0000%	8h	195.46	+0.133%	$1.3M	$1.1M	20x
SunX QCOM-USDT	0.0000%	8h	195.32	+0.061%	$816	$4.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.40	+0.102%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.51	+0.159%	$1.6M	$969K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.47	+0.138%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0052%	1h	195.58	+0.195%	$1.2M	$2.9M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps QCOM-USD	+0.0071%	1h	195.57	+0.190%	$85K	$1.4M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.51	+0.159%	$318K	$516K	20x	as long as short
Variational Omni QCOM	+0.0191%	8h	195.34	+0.073%	$321K	$77K	—	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.79	+10.036%	$26K	$25K	12x	as long as short
Extended QCOM-USD	+0.0248%	1h	195.54	+0.174%	$105K	$268K	10x	as long as short
Binance QCOMUSDT	+0.0249%	8h	195.54	+0.173%	$10.8M	$23.0M	20x	as long as short
BloFin QCOM-USDT	+0.0258%	8h	195.29	+0.046%	$125K	$50K	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0285%	8h	195.46	+0.133%	$6K	$211K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0302%	1h	195.67	+0.241%	$7.1M	$2.2M	10x	as long as short
Phoenix QCOMlong	+0.0410%	1h	195.20	long leg	$98K	$259K	10x
edgeX QCOMUSDC	+0.0703%	4h	195.28	+0.039%	$81K	$267K	10x	as long as short