Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: Bitget against QFEX+0.102%46s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$770.768% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.102%, 7d avg +0.040%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.063% dearer against QFEX than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of +0.040%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 3 days (−0.019% in total) that is about 11 days. The two prices were read 46 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	QFEX QCOM-USD	195.66	0.0040	pay 0.0005% / 1h	38m 46s	$1.2M	$2.9M	10x
Short	Bitget QCOMUSDT	195.86	0	get 0.0000% / 8h	7h 38m	$1.3M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$8.4
Price spread: +0.102% → +0.040%: $6.25
Slippage, 4 orders: −$54.76
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$78.91
Costs to cover: 0.768%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Bitget: 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 QFEX live order book, 4 min ago	1.79 bp	7.8 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.58 bp	44.0 bp −$44	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
Aster QCOMUSDT	0.0000%	8h	195.62	−0.020%	$18K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.77	+0.056%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.78	+0.061%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDTshort	0.0000%	8h	195.86	+0.102%	$1.3M	$1.1M	20x
GRVT QCOM_USDT_Perp	0.0000%	8h	195.91	+0.130%	$6K	$207K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.52	−0.072%	$950	$4.8M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.81	+0.077%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.72	+0.031%	$1.6M	$961K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.50	−0.082%	—	—	10x	as long as short
QFEX QCOM-USDlong	+0.0040%	1h	195.66	long leg	$1.2M	$2.9M	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps QCOM-USD	+0.0065%	1h	195.70	+0.020%	$85K	$890K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.64	−0.010%	$318K	$514K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.33	+10.053%	$26K	$25K	12x	as long as short
Bybit QCOMUSDT	+0.0233%	8h	195.77	+0.056%	$2.0M	$1.7M	25x	as long as short
Variational Omni QCOM	+0.0280%	8h	195.62	−0.018%	$322K	$74K	—	as long as short
Extended QCOM-USD	+0.0312%	1h	195.67	+0.005%	$107K	$402K	10x	as long as short
Binance QCOMUSDT	+0.0313%	8h	195.71	+0.026%	$10.8M	$22.7M	20x	as long as short
BloFin QCOM-USDT	+0.0316%	8h	195.68	+0.010%	$128K	$55K	20x	as long as short
Phoenix QCOM	+0.0327%	1h	195.74	+0.041%	$98K	$249K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0395%	1h	195.71	+0.026%	$7.2M	$2.2M	10x	as long as short
edgeX QCOMUSDC	+0.0919%	4h	195.58	−0.039%	$82K	$267K	10x	as long as short