Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0410%/8h= −44.9% APRpaid last 24h −0.091%

Price spread now: SunX against Phoenix−0.087%7-day average −0.048% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.415%−$42 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.087%, 7d avg −0.048%

Together, before fees−0.348%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and SunX is 0.039% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QCOM	195.81	0.0410	pay 0.0051% / 1h	14m 37s	$98K	$259K	10x
Short	SunX QCOM-USDT	195.64	0	get 0.0000% / 8h	14m 37s	$1K	$4.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$86.17
Price spread: −0.087% → −0.048%: −$3.89
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$105.06
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 60 min ago; SunX: live order book, 4 min ago. Net counts fees only.

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, 60 min ago	5.13 bp	16.0 bp −$16	34.5 bp −$345	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	498.96 bp	doesn't fit	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	195.62	−0.098%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.76	−0.026%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.70	−0.056%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.77	−0.020%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.69	−0.061%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDTshort	0.0000%	8h	195.64	−0.087%	$1K	$4.9M	10x
HTX QCOM-USDT	0.0000%	8h	195.95	+0.071%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.79	−0.010%	$1.6M	$968K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.55	−0.133%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0052%	1h	195.65	−0.082%	$1.2M	$3.0M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps QCOM-USD	+0.0086%	1h	195.68	−0.066%	$85K	$1.4M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.58	−0.117%	$319K	$521K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.09	+9.846%	$26K	$25K	12x	as long as short
Variational Omni QCOM	+0.0223%	8h	195.79	−0.012%	$321K	$76K	—	as long as short
Extended QCOM-USD	+0.0272%	1h	195.66	−0.075%	$105K	$268K	10x	as long as short
Binance QCOMUSDT	+0.0276%	8h	195.63	−0.092%	$10.8M	$23.0M	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0292%	8h	195.76	−0.026%	$6K	$211K	10x	as long as short
BloFin QCOM-USDT	+0.0302%	8h	195.71	−0.051%	$126K	$50K	20x	as long as short
tradeXYZ xyz:QCOM	+0.0308%	1h	195.77	−0.020%	$7.1M	$2.2M	10x	as long as short
Phoenix QCOMlong	+0.0410%	1h	195.81	long leg	$98K	$259K	10x
edgeX QCOMUSDC	+0.0972%	4h	195.77	−0.020%	$82K	$268K	10x	as long as short