Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0524%/8h= −57.4% APRpaid last 24h −0.102%

Price spread now: Phoenix against edgeX+0.002%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.506%+$51 on $10k

Price spread, last 3 days (all we have)−0.075%−$7 · spread now +0.002%, 7d avg +0.029%

Together, before fees+0.431%+ Points / potential airdropedgeX: Active · farm board+$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Phoenix is 0.027% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.029%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.506%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX QCOMUSDC	195.96	0.0851	pay 0.0425% / 4h	3h 49m	$82K	$267K	10x
Short	Phoenix QCOM	195.96	0.0327	get 0.0041% / 1h	49m 56s	$98K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against edgeX. 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 edgeXbpFee PhoenixbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$110.07
Price spread: +0.002% → +0.029%: −$2.7
Slippage, 4 orders: −$50.2
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$178.98
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from edgeX: live order book, 23 min ago; Phoenix: live order book, 20 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 edgeX live order book, 23 min ago	4.59 bp	9.6 bp −$10	100.4 bp −$1,004	doesn't fit	doesn't fit
Sell Phoenix live order book, 20 min ago	7.66 bp	22.0 bp −$22	48.9 bp −$489	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	195.84	−0.059%	$18K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.10	+0.074%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	196.02	+0.033%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.11	+0.079%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.72	−0.120%	$618	$4.8M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.05	+0.048%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	196.00	+0.023%	$1.6M	$965K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.80	−0.079%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0040%	1h	195.89	−0.033%	$1.2M	$3.0M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	196.04	+0.043%	$85K	$890K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin QCOMUSDTM	+0.0100%	8h	195.98	+0.012%	$320K	$513K	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0128%	8h	196.02	+0.033%	$6K	$209K	10x	as long as short
Bybit QCOMUSDT	+0.0179%	8h	195.95	−0.003%	$2.0M	$1.7M	25x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.33	+9.887%	$26K	$25K	12x	as long as short
Variational Omni QCOM	+0.0287%	8h	195.92	−0.016%	$322K	$74K	—	as long as short
Phoenix QCOMshort	+0.0327%	1h	195.96	+0.002%	$98K	$249K	10x
Binance QCOMUSDT	+0.0327%	8h	196.10	+0.072%	$10.9M	$22.9M	20x	as long as short
Extended QCOM-USD	+0.0328%	1h	196.07	+0.058%	$102K	$313K	10x	as long as short
BloFin QCOM-USDT	+0.0328%	8h	195.74	−0.110%	$127K	$55K	20x	as long as short
tradeXYZ xyz:QCOM	+0.0417%	1h	196.12	+0.084%	$7.2M	$2.2M	10x	as long as short
edgeX QCOMUSDClong	+0.0851%	4h	195.96	long leg	$82K	$267K	10x