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 −0.006%

Price spread now: QFEX against Bybit−0.061%7-day average −0.018% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.061%, 7d avg −0.018%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.043% cheaper against Bybit than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.018%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.002% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit QCOMUSDT	195.85	0	get 0.0000% / 8h	5h 26m	$2.5M	$1.8M	25x
Short	QFEX QCOM-USD	195.73	0.0062	get 0.0008% / 1h	26m 12s	$1.2M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now −0.061%Rate

Funding earned: $13.02
Price spread: −0.061% → −0.018%: −$4.28
Slippage, 4 orders: −$57.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$70.23
Costs to cover: 0.790%
Break-even: 44.8 days

Slippage from Bybit: live order book, 1 min ago; QFEX: live order book, 7 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 Bybit live order book, 1 min ago	2.04 bp	38.8 bp −$39	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	2.55 bp	7.6 bp −$8	11.7 bp −$117	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	−0.0748%	4h	195.90	+0.025%	$81K	$269K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.89	+0.019%	$18K	$11K	20x	as long as short
Bybit QCOMUSDTlong	0.0000%	8h	195.85	long leg	$2.5M	$1.8M	25x
OKX QCOM-USDT-SWAP	0.0000%	8h	195.88	+0.015%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.90	+0.026%	$4.4M	$3.3M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.94	+0.046%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.90	+0.026%	$6K	$191K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.66	−0.097%	$955	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.99	+0.071%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.91	+0.031%	$1.6M	$999K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOM	+0.0032%	1h	195.69	−0.082%	—	—	10x	as long as short
QFEX QCOM-USDshort	+0.0062%	1h	195.73	−0.061%	$1.2M	$3.3M	10x
KuCoin QCOMUSDTM	+0.0100%	8h	195.73	−0.061%	$319K	$544K	20x	as long as short
Variational Omni QCOM	+0.0113%	8h	195.93	+0.041%	$322K	$75K	—	as long as short
Binance QCOMUSDT	+0.0158%	8h	195.90	+0.026%	$11.1M	$23.4M	20x	as long as short
Extended QCOM-USD	+0.0160%	1h	195.85	−0.001%	$107K	$412K	10x	as long as short
BloFin QCOM-USDT	+0.0161%	8h	195.86	+0.005%	$128K	$55K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0219%	1h	195.92	+0.036%	$83K	$894K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.37	+9.967%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0449%	1h	196.01	+0.082%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0587%	1h	196.07	+0.112%	$7.4M	$2.4M	10x	as long as short