Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0327%/8h= −35.8% APRpaid last 24h −0.075%

Price spread now: OKX against Phoenix+0.015%106s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as 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−$680.676% of the position

Long on Phoenix Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.379%−$38 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now +0.015%, 7d avg −0.010%

Together, before fees−0.297%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.025% dearer against Phoenix than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.010%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 106 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	196.00	0.0327	pay 0.0041% / 1h	5m 43s	$98K	$249K	10x
Short	OKX QCOM-USDT-SWAP	196.03	0	get 0.0000% / 8h	7h 05m	$1.8M	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$68.58
Price spread: +0.015% → −0.010%: $2.54
Slippage, 4 orders: −$50.58
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$133.62
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from Phoenix: live order book, 64 min ago; OKX: live order book, 2 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, 64 min ago	7.66 bp	22.0 bp −$22	48.8 bp −$488	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.04 bp	12.1 bp −$12	51.8 bp −$518	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	195.83	−0.086%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.93	−0.036%	$2.0M	$1.7M	25x	as long as short
OKX QCOM-USDT-SWAPshort	0.0000%	8h	196.03	+0.015%	$1.8M	$3.6M	20x
Gate QCOM_USDT	0.0000%	8h	196.09	+0.046%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.97	−0.015%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.91	−0.046%	$6K	$197K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.95	−0.026%	$954	$4.7M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.05	+0.026%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	196.08	+0.041%	$1.6M	$965K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.84	−0.082%	—	—	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	+0.0040%	1h	195.87	−0.066%	$1.2M	$2.8M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	196.00	0.000%	$85K	$885K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.79	−0.107%	$319K	$525K	20x	as long as short
Variational Omni QCOM	+0.0216%	8h	196.03	+0.015%	$322K	$74K	—	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.15	+9.770%	$26K	$25K	12x	as long as short
Binance QCOMUSDT	+0.0254%	8h	196.07	+0.036%	$10.8M	$22.8M	20x	as long as short
Extended QCOM-USD	+0.0256%	1h	196.02	+0.011%	$107K	$402K	10x	as long as short
BloFin QCOM-USDT	+0.0257%	8h	195.88	−0.061%	$128K	$54K	20x	as long as short
edgeX QCOMUSDC	+0.0298%	4h	195.90	−0.051%	$82K	$268K	10x	as long as short
Phoenix QCOMlong	+0.0327%	1h	196.00	long leg	$98K	$249K	10x
tradeXYZ xyz:QCOM	+0.0359%	1h	196.08	+0.041%	$7.2M	$2.2M	10x	as long as short