Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0326%/8h= −35.8% APRpaid last 24h −0.095%

Price spread now: Gate against Phoenix−0.082%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Phoenix Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.366%−$37 on $10k

Price spread, last 4 days (all we have)+0.406%+$41 · spread now −0.082%, 7d avg +0.006%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.087% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QCOM	195.97	0.0326	pay 0.0041% / 1h	5m 07s	$98K	$239K	10x
Short	Gate QCOM_USDT	195.81	0	get 0.0000% / 8h	6h 05m	$4.4M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.082%Rate

Funding earned: −$68.56
Price spread: −0.082% → +0.006%: −$8.75
Slippage, 4 orders: −$47.95
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$147.26
Costs to cover: 0.699%
Break-even: never at this rate

Slippage from Phoenix: live order book, 60 min ago; Gate: live order book, 3 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, 60 min ago	6.62 bp	19.8 bp −$20	43.7 bp −$437	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.36 bp	15.7 bp −$16	41.2 bp −$412	82.4 bp −$8,236	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	−0.095%	$81K	$270K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.68	−0.150%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.63	−0.173%	$2.4M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.82	−0.077%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDTshort	0.0000%	8h	195.81	−0.082%	$4.4M	$3.3M	50x
Bitget QCOMUSDT	0.0000%	8h	195.84	−0.066%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.57	−0.206%	$6K	$192K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.74	−0.117%	$665	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.91	−0.031%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.76	−0.107%	$1.6M	$983K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOM	+0.0032%	1h	195.53	−0.225%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0043%	1h	195.75	−0.112%	$1.2M	$3.1M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.59	−0.194%	$319K	$538K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0102%	1h	195.86	−0.056%	$83K	$889K	10x	as long as short
Variational Omni QCOM	+0.0138%	8h	195.78	−0.097%	$321K	$74K	—	as long as short
Extended QCOM-USD	+0.0184%	1h	195.74	−0.120%	$102K	$407K	10x	as long as short
Binance QCOMUSDT	+0.0185%	8h	195.71	−0.133%	$10.9M	$23.2M	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.48	+9.956%	$26K	$25K	12x	as long as short
Phoenix QCOMlong	+0.0326%	1h	195.97	long leg	$98K	$239K	10x
tradeXYZ xyz:QCOM	+0.0527%	1h	195.88	−0.046%	$7.3M	$2.3M	10x	as long as short