Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h +0.008%

Price spread now: OKX against QFEX+0.036%54s7-day average +0.048% · 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−$340.341% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.018%+$2 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.036%, 7d avg +0.048%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 54 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	195.89	0.0062	pay 0.0008% / 1h	12m 43s	$1.2M	$3.3M	10x
Short	OKX QCOM-USDT-SWAP	195.96	0	get 0.0000% / 8h	5h 12m	$1.8M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$13.02
Price spread: +0.036% → +0.048%: −$1.23
Slippage, 4 orders: −$14.14
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$48.39
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	2.30 bp	7.3 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.25 bp	10.9 bp −$11	32.2 bp −$322	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	195.89	+0.002%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.85	−0.020%	$2.5M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAPshort	0.0000%	8h	195.96	+0.036%	$1.8M	$3.7M	20x
Gate QCOM_USDT	0.0000%	8h	195.98	+0.046%	$4.4M	$3.3M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.94	+0.026%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	196.01	+0.061%	$6K	$191K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.63	−0.133%	$835	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.13	+0.123%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.92	+0.015%	$1.6M	$1.0M	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.75	−0.071%	—	—	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-USDlong	+0.0062%	1h	195.89	long leg	$1.2M	$3.3M	10x
Variational Omni QCOM	+0.0093%	8h	195.99	+0.052%	$322K	$75K	—	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.79	−0.051%	$319K	$538K	20x	as long as short
Binance QCOMUSDT	+0.0152%	8h	195.89	0.000%	$11.1M	$23.4M	20x	as long as short
Extended QCOM-USD	+0.0152%	1h	195.84	−0.025%	$104K	$415K	10x	as long as short
BloFin QCOM-USDT	+0.0164%	8h	196.01	+0.061%	$129K	$55K	20x	as long as short
edgeX QCOMUSDC	+0.0172%	4h	195.99	+0.049%	$81K	$272K	10x	as long as short
Polymarket Perps QCOM-USD	+0.0197%	1h	195.90	+0.005%	$83K	$894K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.34	+9.929%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0449%	1h	196.24	+0.179%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0572%	1h	196.00	+0.056%	$7.4M	$2.4M	10x	as long as short