Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.029%

Price spread now: BloFin against Phoenix−0.061%7-day average −0.013% · 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−$70as in the Price arb table

costs, in and out, $10k−$650.652% of the position

Long on Phoenix Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.318%−$32 on $10k

Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.061%, 7d avg −0.013%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BloFin is 0.049% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QCOM	196.01	0.0449	pay 0.0056% / 1h	28m 02s	$98K	$239K	10x
Short	BloFin QCOM-USDT	195.89	0.0178	get 0.0178% / 8h	5h 28m	$128K	$55K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phoenix. 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 PhoenixbpFee BloFinbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$56.8
Price spread: −0.061% → −0.013%: −$4.87
Slippage, 4 orders: −$46.18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$126.84
Costs to cover: 0.652%
Break-even: never at this rate

Slippage from Phoenix: live order book, 32 min ago; BloFin: 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 Phoenix live order book, 32 min ago	7.64 bp	21.5 bp −$22	47.5 bp −$475	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	2.81 bp	10.8 bp −$11	24.4 bp −$244	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	195.95	−0.032%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.78	−0.117%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.95	−0.031%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.96	−0.026%	$4.4M	$3.3M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.94	−0.036%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.92	−0.044%	$6K	$191K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.69	−0.163%	$838	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.02	+0.005%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.91	−0.051%	$1.6M	$999K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.80	−0.107%	—	—	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	195.89	−0.061%	$1.2M	$3.3M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.74	−0.138%	$319K	$546K	20x	as long as short
Variational Omni QCOM	+0.0113%	8h	195.93	−0.041%	$322K	$75K	—	as long as short
Extended QCOM-USD	+0.0160%	1h	195.77	−0.121%	$107K	$412K	10x	as long as short
Binance QCOMUSDT	+0.0161%	8h	195.84	−0.088%	$11.1M	$23.4M	20x	as long as short
BloFin QCOM-USDTshort	+0.0178%	8h	195.89	−0.061%	$128K	$55K	20x
Polymarket Perps QCOM-USD	+0.0218%	1h	195.96	−0.026%	$83K	$894K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.37	+9.877%	$26K	$25K	12x	as long as short
Phoenix QCOMlong	+0.0449%	1h	196.01	long leg	$98K	$239K	10x
tradeXYZ xyz:QCOM	+0.0581%	1h	196.05	+0.020%	$7.4M	$2.3M	10x	as long as short
edgeX QCOMUSDC	+0.0725%	4h	195.96	−0.026%	$81K	$271K	10x	as long as short