Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0448%/8h= −49.1% APRpaid last 24h −0.099%

Price spread now: SunX against Phoenix−0.092%7-day average −0.050% · you buy dearer than you sell

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

Long on Phoenix Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.424%−$42 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.092%, 7d avg −0.050%

Together, before fees−0.323%−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SunX is 0.042% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QCOM	195.99	0.0448	pay 0.0056% / 1h	44m 38s	$98K	$239K	10x
Short	SunX QCOM-USDT	195.81	0	get 0.0000% / 8h	4h 44m	$664	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$94.13
Price spread: −0.092% → −0.050%: −$4.22
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$113.35
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 10 min ago; SunX: live order book, 4 min ago. 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, 10 min ago	7.64 bp	21.8 bp −$22	48.3 bp −$483	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.41 bp	doesn't fit	doesn't fit	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	−0.0562%	4h	195.96	−0.014%	$81K	$272K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.98	−0.005%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.90	−0.046%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.00	+0.005%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	196.04	+0.026%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.02	+0.015%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.96	−0.015%	$6K	$191K	10x	as long as short
SunX QCOM-USDTshort	0.0000%	8h	195.81	−0.092%	$664	$4.6M	10x
HTX QCOM-USDT	0.0000%	8h	196.05	+0.031%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	196.04	+0.026%	$1.6M	$1.0M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOM	+0.0032%	1h	195.75	−0.122%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0032%	1h	195.98	−0.005%	$1.2M	$3.3M	10x	as long as short
Variational Omni QCOM	+0.0049%	8h	195.96	−0.016%	$318K	$78K	—	as long as short
Polymarket Perps QCOM-USD	+0.0077%	1h	196.15	+0.082%	$83K	$894K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.88	−0.056%	$319K	$522K	20x	as long as short
BloFin QCOM-USDT	+0.0108%	8h	196.04	+0.026%	$129K	$55K	20x	as long as short
Binance QCOMUSDT	+0.0111%	8h	196.08	+0.044%	$11.1M	$22.8M	20x	as long as short
Extended QCOM-USD	+0.0112%	1h	196.02	+0.014%	$102K	$418K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.78	+10.097%	$26K	$25K	12x	as long as short
Phoenix QCOMlong	+0.0448%	1h	195.99	long leg	$98K	$239K	10x
tradeXYZ xyz:QCOM	+0.0482%	1h	196.17	+0.092%	$7.4M	$2.4M	10x	as long as short