Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0747%/8h= −81.8% APRpaid last 24h +0.080%

Price spread now: edgeX against Phemex−0.064%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

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

costs, in and out, $10k−$800.802% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.064%, 7d avg −0.038%

Together, before fees−0.194%+ Points / potential airdropedgeX: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and edgeX is 0.026% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.168% in total (about -8.7% 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	Phemex QCOMUSDT	192.32	0	get 0.0000% / 8h	2h 24m	$1.6M	$1.1M	10x
Short	edgeX QCOMUSDC	192.20	−0.0747	pay 0.0374% / 4h	2h 24m	$79K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$156.93
Price spread: −0.064% → −0.038%: −$2.63
Slippage, 4 orders: −$59.18
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$239.74
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; edgeX: live order book, 23 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 Phemex live order book, 4 min ago	2.86 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 23 min ago	6.20 bp	11.1 bp −$11	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
edgeX QCOMUSDCshort	−0.0747%	4h	192.20	−0.064%	$79K	$272K	10x
Bitget QCOMUSDT	−0.0373%	8h	192.38	+0.031%	$1.3M	$1.1M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	192.43	+0.056%	$17K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	192.31	−0.005%	$1.7M	$2.4M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	192.30	−0.010%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	192.36	+0.021%	$4.4M	$3.4M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	192.25	−0.035%	$304K	$84K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	192.55	+0.119%	$6K	$185K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	192.12	−0.104%	$920	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	192.42	+0.052%	$9K	$11K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QCOMUSDTlong	0.0000%	8h	192.32	long leg	$1.6M	$1.1M	10x
Extended QCOM-USD	+0.0016%	1h	192.26	−0.029%	$101K	$474K	10x	as long as short
Binance QCOMUSDT	+0.0019%	8h	192.30	−0.008%	$10.9M	$24.1M	20x	as long as short
Lighter QCOM	+0.0032%	1h	191.96	−0.187%	—	—	10x	as long as short
BloFin QCOM-USDT	+0.0045%	8h	192.32	0.000%	$129K	$54K	20x	as long as short
QFEX QCOM-USD	+0.0058%	1h	192.24	−0.042%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	192.08	−0.125%	$316K	$552K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	212.38	+10.431%	$25K	$25K	12x	as long as short
Polymarket Perps QCOM-USD	+0.0236%	1h	192.36	+0.021%	$75K	$889K	10x	as long as short
Phoenix QCOM	+0.0496%	1h	192.59	+0.140%	$96K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0685%	1h	192.36	+0.021%	$7.5M	$2.7M	10x	as long as short