Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0302%/8h= −33.1% APRpaid last 24h −0.091%

Price spread now: BloFin against tradeXYZ+0.118%88s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

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

costs, in and out, $10k−$470.466% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.118%, 7d avg +0.032%

Together, before fees−0.255%+ Points / potential airdroptradeXYZ: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.087% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.032%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.230% in total) that is about 2.6 days. The two prices were read 88 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	tradeXYZ xyz:QCOM	194.41	0.0527	pay 0.0066% / 1h	45m 49s	$7.9M	$2.8M	10x
Short	BloFin QCOM-USDT	194.64	0.0225	get 0.0225% / 8h	5h 45m	$130K	$55K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$63.42
Price spread: +0.118% → +0.032%: $8.67
Slippage, 4 orders: −$16.58
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$101.33
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; BloFin: live order book, 57 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 tradeXYZ live order book, 6 min ago	0.26 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 57 min ago	1.30 bp	12.1 bp −$12	27.4 bp −$274	doesn't fit	doesn't fit

QCOM on 21 exchanges

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	−0.0047%	4h	194.72	+0.162%	$80K	$276K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	194.21	−0.101%	$17K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.40	−0.005%	$1.8M	$3.6M	20x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.34	−0.036%	$1.4M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.24	−0.087%	$742	$3.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.86	+0.231%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.55	+0.072%	$1.6M	$1.1M	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.18	−0.118%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0043%	1h	194.47	+0.031%	$1.2M	$3.2M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.63	+0.113%	$80K	$683K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QCOM	+0.0097%	8h	194.74	+0.167%	$311K	$120K	—	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.36	−0.026%	$317K	$715K	20x	as long as short
Bybit QCOMUSDT	+0.0105%	8h	194.44	+0.015%	$1.7M	$2.3M	25x	as long as short
Gate QCOM_USDT	+0.0115%	8h	194.53	+0.062%	$4.5M	$3.4M	50x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	211.90	+8.996%	$25K	$21K	12x	as long as short
BloFin QCOM-USDTshort	+0.0225%	8h	194.64	+0.118%	$130K	$55K	20x
Extended QCOM-USD	+0.0232%	1h	194.25	−0.084%	$101K	$475K	10x	as long as short
Binance QCOMUSDT	+0.0233%	8h	194.30	−0.057%	$11.0M	$24.9M	20x	as long as short
Phoenix QCOM	+0.0494%	1h	194.94	+0.273%	$98K	$237K	10x	as long as short
tradeXYZ xyz:QCOMlong	+0.0527%	1h	194.41	long leg	$7.9M	$2.8M	10x
GRVT QCOM_USDT_Perp	+0.0946%	8h	194.74	+0.169%	$6K	$150K	10x	as long as short