Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0326%/8h= +35.8% APRpaid last 24h +0.097%

Price spread now: Phoenix against SunX+0.015%69s7-day average +0.048% · you sell dearer than you buy

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

Long on SunX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.418%+$42 on $10k

Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.015%, 7d avg +0.048%

Together, before fees+0.432%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.033% cheaper against SunX than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.048%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$10 a day). The two prices were read 69 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	SunX QCOM-USDT	195.78	0	get 0.0000% / 8h	6h 49m	$734	$4.7M	10x
Short	Phoenix QCOM	195.81	0.0326	get 0.0041% / 1h	49m 42s	$98K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SunX. 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 SunXbpFee PhoenixbpOrdersPrice spread, now +0.015%Rate

Funding earned: $68.56
Price spread: +0.015% → +0.048%: −$3.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $50.25
Costs to cover: 0.150%
Break-even: 1.9 days

Slippage unknown: SunX: live order book, 9 min ago; Phoenix: live order book, 15 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 SunX live order book, 9 min ago	500.14 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 15 min ago	6.62 bp	19.8 bp −$20	43.8 bp −$438	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	195.72	−0.033%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.74	−0.020%	$2.0M	$1.7M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.86	+0.041%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.89	+0.056%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.87	+0.046%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.90	+0.061%	$6K	$196K	10x	as long as short
SunX QCOM-USDTlong	0.0000%	8h	195.78	long leg	$734	$4.7M	10x
HTX QCOM-USDT	0.0000%	8h	195.92	+0.072%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.82	+0.020%	$1.6M	$962K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.69	−0.046%	—	—	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	+0.0043%	1h	195.78	0.000%	$1.2M	$2.8M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.88	+0.051%	$85K	$884K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.72	−0.031%	$320K	$525K	20x	as long as short
Variational Omni QCOM	+0.0189%	8h	195.86	+0.043%	$322K	$74K	—	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.33	+9.986%	$26K	$25K	12x	as long as short
Binance QCOMUSDT	+0.0230%	8h	195.85	+0.035%	$10.8M	$22.7M	20x	as long as short
Extended QCOM-USD	+0.0232%	1h	195.81	+0.018%	$105K	$404K	10x	as long as short
BloFin QCOM-USDT	+0.0247%	8h	195.86	+0.041%	$128K	$55K	20x	as long as short
Phoenix QCOMshort	+0.0326%	1h	195.81	+0.015%	$98K	$239K	10x
tradeXYZ xyz:QCOM	+0.0478%	1h	195.98	+0.102%	$7.3M	$2.2M	10x	as long as short
edgeX QCOMUSDC	+0.0598%	4h	195.84	+0.029%	$82K	$268K	10x	as long as short