Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0683%/8h= +74.8% APRpaid last 24h +0.115%

Price spread now: tradeXYZ against SunX+0.180%7-day average −0.001% · you sell dearer than you buy

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

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.289%+$29 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.180%, 7d avg −0.001%

Together, before fees+0.129%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and tradeXYZ is 0.181% dearer against SunX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.001%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.289% in total (about 15.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX QCOM-USDT	194.27	0	get 0.0000% / 8h	3h 45m	$643	$4.5M	10x
Short	tradeXYZ xyz:QCOM	194.62	0.0683	get 0.0085% / 1h	45m 18s	$7.5M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.180%Rate

Funding earned: $143.37
Price spread: +0.180% → −0.001%: $18.09
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $135.45
Costs to cover: 0.260%
Break-even: 0.4 days

Slippage unknown: SunX: live order book, 3 min ago; tradeXYZ: live order book, 3 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, 3 min ago	499.74 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	1.80 bp	17.5 bp −$18	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	−0.0010%	4h	194.43	+0.083%	$80K	$273K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	194.44	+0.087%	$17K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.40	+0.067%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.56	+0.149%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.56	+0.149%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.52	+0.129%	$1.3M	$1.1M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	194.55	+0.145%	$308K	$85K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	194.00	−0.140%	$6K	$189K	10x	as long as short
SunX QCOM-USDTlong	0.0000%	8h	194.27	long leg	$643	$4.5M	10x
HTX QCOM-USDT	0.0000%	8h	194.59	+0.165%	$10K	$10K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QCOMUSDT	0.0000%	8h	194.58	+0.160%	$1.6M	$1.0M	10x	as long as short
QFEX QCOM-USD	+0.0029%	1h	194.43	+0.082%	$1.2M	$3.2M	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.22	−0.026%	—	—	10x	as long as short
Extended QCOM-USD	+0.0056%	1h	194.44	+0.085%	$101K	$424K	10x	as long as short
Binance QCOMUSDT	+0.0060%	8h	194.47	+0.103%	$11.0M	$22.9M	20x	as long as short
BloFin QCOM-USDT	+0.0064%	8h	194.47	+0.103%	$128K	$54K	20x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.30	+0.015%	$317K	$518K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0137%	1h	194.51	+0.124%	$83K	$893K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.75	+10.542%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0450%	1h	194.60	+0.170%	$97K	$239K	10x	as long as short
tradeXYZ xyz:QCOMshort	+0.0683%	1h	194.62	+0.180%	$7.5M	$2.5M	10x