Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0466%/8h= +51.0% APRpaid last 24h +0.079%

Price spread now: tradeXYZ against KuCoin+0.168%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2452.448% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.606%−$61 · spread now +0.168%, 7d avg +0.025%

Together, before fees−0.540%+ Points / potential airdroptradeXYZ: Active · farm board−$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and tradeXYZ is 0.144% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.025%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% 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	KuCoin QCOMUSDTM	195.97	0.0100	pay 0.0100% / 8h	5h 00m	$320K	$528K	20x
Short	tradeXYZ xyz:QCOM	196.30	0.0566	get 0.0071% / 1h	0m 41s	$7.4M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against KuCoin. 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 KuCoinbpFee tradeXYZbpOrdersPrice spread, now +0.168%Rate

Funding earned: $97.85
Price spread: +0.168% → +0.025%: $14.36
Slippage, 4 orders: −$214.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$132.62
Costs to cover: 2.448%
Break-even: 16.5 days

Slippage from KuCoin: live order book, 22 min ago; tradeXYZ: live order book, 8 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 KuCoin live order book, 22 min ago	15.58 bp	104.9 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.76 bp	14.8 bp −$15	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
Aster QCOMUSDT	0.0000%	8h	196.12	+0.076%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	196.09	+0.061%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.20	+0.117%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	196.09	+0.061%	$4.5M	$3.3M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.09	+0.061%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	196.02	+0.023%	$6K	$191K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.83	−0.071%	$527	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.09	+0.061%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	196.06	+0.046%	$1.6M	$1.0M	10x	as long as short
Lighter QCOM	+0.0032%	1h	196.03	+0.031%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX QCOM-USD	+0.0062%	1h	196.01	+0.020%	$1.2M	$3.3M	10x	as long as short
Variational Omni QCOM	+0.0082%	8h	196.02	+0.025%	$319K	$78K	—	as long as short
KuCoin QCOMUSDTMlong	+0.0100%	8h	195.97	long leg	$320K	$528K	20x
edgeX QCOMUSDC	+0.0127%	4h	196.01	+0.022%	$81K	$271K	10x	as long as short
Binance QCOMUSDT	+0.0138%	8h	196.17	+0.101%	$11.1M	$23.5M	20x	as long as short
Extended QCOM-USD	+0.0144%	1h	196.02	+0.027%	$104K	$415K	10x	as long as short
BloFin QCOM-USDT	+0.0170%	8h	196.10	+0.066%	$129K	$55K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0176%	1h	196.05	+0.041%	$83K	$894K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.34	+9.884%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0449%	1h	196.21	+0.122%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOMshort	+0.0566%	1h	196.30	+0.168%	$7.4M	$2.4M	10x