Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.009%

Price spread now: OKX against QFEX−0.015%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.015%, 7d avg +0.048%

Together, before fees+0.085%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.063% cheaper against QFEX than usual: you would sell low and buy high (−$6 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	QFEX QCOM-USD	196.13	0.0043	pay 0.0005% / 1h	13m 57s	$1.2M	$3.0M	10x
Short	OKX QCOM-USDT-SWAP	196.10	0	get 0.0000% / 8h	6h 13m	$1.8M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against QFEX. 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 QFEXbpFee OKXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$8.99
Price spread: −0.015% → +0.048%: −$6.34
Slippage, 4 orders: −$28.01
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$63.34
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; OKX: live order book, 3 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 QFEX live order book, 4 min ago	1.79 bp	8.3 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.28 bp	20.0 bp −$20	50.1 bp −$501	doesn't fit	doesn't fit

QCOM on 20 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 QCOMUSDC	−0.0821%	4h	195.85	−0.143%	$81K	$270K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	196.06	−0.037%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	196.08	−0.025%	$2.0M	$1.5M	25x	as long as short
OKX QCOM-USDT-SWAPshort	0.0000%	8h	196.10	−0.015%	$1.8M	$3.7M	20x
Gate QCOM_USDT	0.0000%	8h	196.15	+0.010%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.10	−0.015%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.86	−0.137%	$6K	$193K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	196.14	+0.005%	$1K	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.06	−0.036%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	196.17	+0.020%	$1.6M	$970K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOM	+0.0032%	1h	196.00	−0.066%	—	—	10x	as long as short
QFEX QCOM-USDlong	+0.0043%	1h	196.13	long leg	$1.2M	$3.0M	10x
Polymarket Perps QCOM-USD	+0.0093%	1h	196.22	+0.046%	$84K	$879K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.79	−0.173%	$320K	$537K	20x	as long as short
Variational Omni QCOM	+0.0134%	8h	195.91	−0.113%	$322K	$74K	—	as long as short
Binance QCOMUSDT	+0.0180%	8h	196.07	−0.031%	$10.9M	$22.9M	20x	as long as short
Extended QCOM-USD	+0.0184%	1h	196.02	−0.056%	$102K	$407K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.48	+9.866%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0326%	1h	196.15	+0.010%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0513%	1h	196.34	+0.107%	$7.4M	$2.3M	10x	as long as short