Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0465%/8h= −51.0% APRpaid last 24h −0.079%

Price spread now: KuCoin against tradeXYZ−0.132%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

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

Long on tradeXYZ Short on KuCoin

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)+0.570%+$57 · spread now −0.132%, 7d avg −0.025%

Together, before fees+0.504%+ Points / potential airdroptradeXYZ: Active · farm board+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.108% cheaper against tradeXYZ than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.025%). Swap the legs.

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	tradeXYZ xyz:QCOM	196.36	0.0565	pay 0.0071% / 1h	0m 18s	$7.4M	$2.4M	10x
Short	KuCoin QCOMUSDTM	196.10	0.0100	get 0.0100% / 8h	5h 00m	$320K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$97.75
Price spread: −0.132% → −0.025%: −$10.77
Slippage, 4 orders: −$214.84
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$353.36
Costs to cover: 2.448%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; KuCoin: 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 tradeXYZ live order book, 8 min ago	0.76 bp	15.6 bp −$16	24.4 bp −$244	doesn't fit	doesn't fit
Sell KuCoin live order book, 23 min ago	15.58 bp	109.5 bp −$109	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	196.25	−0.054%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	196.19	−0.087%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.28	−0.041%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	196.20	−0.081%	$4.5M	$3.3M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.09	−0.138%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	196.02	−0.175%	$6K	$191K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.83	−0.270%	$527	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.09	−0.138%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	196.21	−0.076%	$1.6M	$1.0M	10x	as long as short
Lighter QCOM	+0.0032%	1h	196.12	−0.122%	—	—	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	196.13	−0.117%	$1.2M	$3.3M	10x	as long as short
Variational Omni QCOM	+0.0082%	8h	196.02	−0.173%	$319K	$78K	—	as long as short
KuCoin QCOMUSDTMshort	+0.0100%	8h	196.10	−0.132%	$320K	$527K	20x
edgeX QCOMUSDC	+0.0127%	4h	196.01	−0.177%	$81K	$271K	10x	as long as short
Extended QCOM-USD	+0.0136%	1h	196.20	−0.084%	$104K	$415K	10x	as long as short
Binance QCOMUSDT	+0.0138%	8h	196.25	−0.058%	$11.1M	$23.5M	20x	as long as short
BloFin QCOM-USDT	+0.0170%	8h	196.10	−0.132%	$129K	$55K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0175%	1h	196.26	−0.051%	$83K	$894K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.34	+9.666%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0449%	1h	196.21	−0.076%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOMlong	+0.0565%	1h	196.36	long leg	$7.4M	$2.4M	10x