Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.037%

Price spread now: Variational Omni against Phoenix+0.048%7-day average −0.026% · you sell dearer than you buy

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

Long on Phoenix Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.048%, 7d avg −0.026%

Together, before fees−0.032%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.074% dearer against Phoenix than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.026%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QCOM	195.81	0.0327	pay 0.0041% / 1h	13m 35s	$98K	$249K	10x
Short	Variational Omni QCOM	195.90	0.0237	get 0.0237% / 8h	7h 13m	$322K	$74K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.048%Rate

Funding earned: −$18.73
Price spread: +0.048% → −0.026%: $7.44
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.29
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 56 min ago; Variational Omni: RFQ quote, 60 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, 56 min ago	7.66 bp	22.0 bp −$22	48.8 bp −$488	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 60 min ago	2.66 bp	doesn't fit	52.8 bp −$528	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	−0.0866%	4h	195.91	+0.050%	$82K	$270K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.78	−0.015%	$18K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.90	+0.046%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.90	+0.046%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.86	+0.026%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.90	+0.046%	$6K	$197K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.62	−0.097%	$532	$4.7M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.90	+0.046%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.79	−0.010%	$1.6M	$963K	10x	as long as short
Bybit QCOMUSDT	+0.0010%	8h	195.89	+0.041%	$2.0M	$1.7M	25x	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	195.77	−0.020%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0040%	1h	195.88	+0.036%	$1.2M	$2.9M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.91	+0.051%	$85K	$885K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.82	+0.005%	$319K	$520K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.15	+9.877%	$26K	$25K	12x	as long as short
Variational Omni QCOMshort	+0.0237%	8h	195.90	+0.048%	$322K	$74K	—
BloFin QCOM-USDT	+0.0246%	8h	195.85	+0.020%	$128K	$54K	20x	as long as short
Binance QCOMUSDT	+0.0270%	8h	195.95	+0.072%	$10.9M	$22.8M	20x	as long as short
Extended QCOM-USD	+0.0272%	1h	195.91	+0.050%	$107K	$402K	10x	as long as short
Phoenix QCOMlong	+0.0327%	1h	195.81	long leg	$98K	$249K	10x
tradeXYZ xyz:QCOM	+0.0365%	1h	195.95	+0.071%	$7.2M	$2.2M	10x	as long as short