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 −0.097%

Price spread now: HTX against Phoenix+0.061%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.061% dearer against Phoenix than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QCOM	195.82	0.0326	pay 0.0041% / 1h	46m 49s	$98K	$239K	10x
Short	HTX QCOM-USDT	195.94	0	get 0.0000% / 8h	6h 46m	$10K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$68.56
Price spread: +0.061% → 0.000%: $6.13
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$81.44
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 18 min ago; HTX: no order-book sample. Net counts fees only.

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, 18 min ago	6.62 bp	19.8 bp −$20	43.7 bp −$437	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	195.52	−0.151%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.64	−0.092%	$2.0M	$1.7M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.62	−0.102%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.67	−0.077%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.85	+0.015%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.76	−0.031%	$6K	$196K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.62	−0.102%	$806	$4.7M	10x	as long as short
HTX QCOM-USDTshort	0.0000%	8h	195.94	+0.061%	$10K	$10K	20x
Phemex QCOMUSDT	0.0000%	8h	195.64	−0.092%	$1.6M	$960K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.46	−0.184%	—	—	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	195.60	−0.112%	$1.2M	$2.8M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.66	−0.082%	$85K	$884K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.54	−0.143%	$319K	$525K	20x	as long as short
Variational Omni QCOM	+0.0189%	8h	195.86	+0.023%	$322K	$74K	—	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.33	+9.963%	$26K	$25K	12x	as long as short
Extended QCOM-USD	+0.0224%	1h	195.60	−0.113%	$105K	$404K	10x	as long as short
Binance QCOMUSDT	+0.0226%	8h	195.65	−0.087%	$10.8M	$22.7M	20x	as long as short
BloFin QCOM-USDT	+0.0255%	8h	195.88	+0.031%	$128K	$55K	20x	as long as short
edgeX QCOMUSDC	+0.0312%	4h	195.80	−0.009%	$82K	$269K	10x	as long as short
Phoenix QCOMlong	+0.0326%	1h	195.82	long leg	$98K	$239K	10x
tradeXYZ xyz:QCOM	+0.0493%	1h	195.73	−0.046%	$7.2M	$2.2M	10x	as long as short