Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.024%

Price spread now: edgeX against Phoenix−0.054%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$670.670% of the position

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.602%−$60 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.054%, 7d avg −0.031%

Together, before fees−0.497%+ Points / potential airdropedgeX: Active · farm board−$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and edgeX is 0.023% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QCOM	192.74	0.0496	pay 0.0062% / 1h	34m 02s	$96K	$239K	10x
Short	edgeX QCOMUSDC	192.64	0.0327	get 0.0164% / 4h	1h 34m	$79K	$274K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$35.52
Price spread: −0.054% → −0.031%: −$2.3
Slippage, 4 orders: −$50.98
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$104.8
Costs to cover: 0.670%
Break-even: never at this rate

Slippage from Phoenix: live order book, 6 min ago; edgeX: live order book, 9 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, 6 min ago	7.78 bp	21.8 bp −$22	48.6 bp −$486	doesn't fit	doesn't fit
Sell edgeX live order book, 9 min ago	6.75 bp	11.6 bp −$12	99.1 bp −$991	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
Bitget QCOMUSDT	−0.0396%	8h	192.79	+0.026%	$1.3M	$1.2M	20x	as long as short
BloFin QCOM-USDT	−0.0014%	8h	192.71	−0.016%	$130K	$54K	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	192.74	−0.002%	$17K	$11K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	192.67	−0.039%	$101K	$477K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	192.74	−0.002%	$10.8M	$24.5M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	192.72	−0.010%	$1.7M	$2.3M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	192.70	−0.021%	$1.8M	$3.8M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	192.72	−0.010%	$4.4M	$3.5M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	192.64	−0.051%	$305K	$117K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	192.70	−0.021%	$6K	$182K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QCOM-USDT	0.0000%	8h	192.55	−0.099%	$649	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	192.76	+0.010%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	192.75	+0.005%	$1.6M	$1.1M	10x	as long as short
Lighter QCOM	+0.0032%	1h	192.67	−0.036%	—	—	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	192.69	−0.026%	$75K	$885K	10x	as long as short
QFEX QCOM-USD	+0.0051%	1h	192.65	−0.047%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	192.46	−0.145%	$320K	$572K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	211.82	+9.899%	$25K	$25K	12x	as long as short
edgeX QCOMUSDCshort	+0.0327%	4h	192.64	−0.054%	$79K	$274K	10x
tradeXYZ xyz:QCOM	+0.0446%	1h	192.90	+0.083%	$7.6M	$2.7M	10x	as long as short
Phoenix QCOMlong	+0.0496%	1h	192.74	long leg	$96K	$239K	10x