Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0407%/8h= −44.5% APRpaid last 24h −0.074%

Price spread now: Bybit against Phoenix+0.107%105s7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as 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−$1061.062% of the position

Long on Phoenix Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.398%−$40 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.107%, 7d avg −0.030%

Together, before fees−0.467%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.137% dearer against Phoenix than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.030%): +$14 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.398% in total) that is about 2.4 days. The two prices were read 105 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	195.79	0.0410	pay 0.0051% / 1h	5m 38s	$98K	$259K	10x
Short	Bybit QCOMUSDT	196.00	0.0004	get 0.0004% / 8h	5m 38s	$2.0M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$85.39
Price spread: +0.107% → −0.030%: $13.73
Slippage, 4 orders: −$88.19
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$177.86
Costs to cover: 1.062%
Break-even: never at this rate

Slippage from Phoenix: live order book, 4 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 Phoenix live order book, 4 min ago	7.66 bp	22.0 bp −$22	48.8 bp −$488	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.79 bp	40.9 bp −$41	139.3 bp −$1,393	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
edgeX QCOMUSDC	−0.0135%	4h	195.71	−0.042%	$82K	$267K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.67	−0.062%	$18K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.00	+0.107%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.92	+0.066%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.93	+0.072%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.68	−0.056%	$1K	$4.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.91	+0.061%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.91	+0.061%	$1.6M	$971K	10x	as long as short
Bybit QCOMUSDTshort	+0.0004%	8h	196.00	+0.107%	$2.0M	$1.9M	25x
Lighter QCOM	+0.0032%	1h	195.66	−0.066%	—	—	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	195.87	+0.041%	$1.2M	$3.0M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0091%	1h	195.86	+0.036%	$85K	$1.4M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.69	−0.051%	$319K	$520K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.09	+9.858%	$26K	$25K	12x	as long as short
Variational Omni QCOM	+0.0255%	8h	195.87	+0.040%	$322K	$75K	—	as long as short
BloFin QCOM-USDT	+0.0294%	8h	195.76	−0.015%	$126K	$50K	20x	as long as short
Extended QCOM-USD	+0.0296%	1h	195.87	+0.042%	$105K	$268K	10x	as long as short
Binance QCOMUSDT	+0.0298%	8h	195.91	+0.061%	$10.9M	$23.0M	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0298%	8h	195.77	−0.010%	$6K	$209K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0317%	1h	195.92	+0.066%	$7.2M	$2.2M	10x	as long as short
Phoenix QCOMlong	+0.0410%	1h	195.79	long leg	$98K	$259K	10x