Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0358%/8h= +39.2% APRpaid last 24h +0.105%

Price spread now: Phoenix against Gate−0.051%77s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$660.661% of the position

Long on Gate Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.406%+$41 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now −0.051%, 7d avg −0.008%

Together, before fees+0.300%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.043% cheaper against Gate than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.008%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$11 a day). The two prices were read 77 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	Gate QCOM_USDT	194.34	0.0136	pay 0.0136% / 8h	5h 07m	$4.5M	$3.4M	50x
Short	Phoenix QCOM	194.24	0.0494	get 0.0062% / 1h	7m 59s	$97K	$237K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Gate. 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 GatebpFee PhoenixbpOrdersPrice spread, now −0.051%Rate

Funding earned: $75.21
Price spread: −0.051% → −0.008%: −$4.34
Slippage, 4 orders: −$44.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $4.74
Costs to cover: 0.661%
Break-even: 6.6 days

Slippage from Gate: live order book, 3 min ago; Phoenix: live order book, 35 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 Gate live order book, 3 min ago	3.35 bp	13.2 bp −$13	40.2 bp −$402	72.5 bp −$7,246	doesn't fit
Sell Phoenix live order book, 35 min ago	5.65 bp	17.0 bp −$17	37.0 bp −$370	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
Aster QCOMUSDT	0.0000%	8h	194.01	−0.172%	$17K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.28	−0.031%	$1.8M	$3.6M	20x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.17	−0.087%	$1.4M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.09	−0.129%	$1K	$3.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.30	−0.021%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.27	−0.036%	$1.6M	$1.1M	10x	as long as short
Lighter QCOM	+0.0032%	1h	193.95	−0.201%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0043%	1h	194.18	−0.082%	$1.2M	$3.2M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.22	−0.062%	$79K	$696K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.05	−0.149%	$326K	$756K	20x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit QCOMUSDT	+0.0116%	8h	194.35	+0.005%	$1.7M	$2.3M	25x	as long as short
Gate QCOM_USDTlong	+0.0136%	8h	194.34	long leg	$4.5M	$3.4M	50x
Injective QCOM/USDC PERP	+0.0220%	1h	211.90	+9.036%	$25K	$21K	12x	as long as short
Variational Omni QCOM	+0.0266%	8h	194.13	−0.108%	$310K	$118K	—	as long as short
BloFin QCOM-USDT	+0.0351%	8h	194.12	−0.113%	$133K	$56K	20x	as long as short
Extended QCOM-USD	+0.0376%	1h	194.19	−0.078%	$101K	$473K	10x	as long as short
Binance QCOMUSDT	+0.0377%	8h	194.25	−0.047%	$11.0M	$25.0M	20x	as long as short
Phoenix QCOMshort	+0.0494%	1h	194.24	−0.051%	$97K	$237K	10x
tradeXYZ xyz:QCOM	+0.0527%	1h	194.31	−0.015%	$7.9M	$2.8M	10x	as long as short
edgeX QCOMUSDC	+0.0551%	4h	194.05	−0.150%	$80K	$276K	10x	as long as short
GRVT QCOM_USDT_Perp	+0.0998%	8h	194.18	−0.083%	$7K	$150K	10x	as long as short