Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.071%

Price spread now: Phoenix against Binance−0.005%85s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.599% of the position

Long on Binance Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.353%+$35 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.005%, 7d avg +0.014%

Together, before fees+0.339%+$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance QCOMUSDT	194.25	0.0377	pay 0.0377% / 8h	5h 07m	$11.0M	$25.0M	20x
Short	Phoenix QCOM	194.24	0.0494	get 0.0062% / 1h	7m 59s	$97K	$237K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Binance. 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 BinancebpFee PhoenixbpOrdersPrice spread, now −0.005%Rate

Funding earned: $24.51
Price spread: −0.005% → +0.014%: −$1.8
Slippage, 4 orders: −$42.91
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$37.2
Costs to cover: 0.599%
Break-even: 17.6 days

Slippage from Binance: live order book, 11 min ago; Phoenix: live order book, 35 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 Binance live order book, 11 min ago	0.77 bp	13.2 bp −$13	33.1 bp −$331	127.0 bp −$12.7K	doesn't fit
Sell Phoenix live order book, 35 min ago	5.65 bp	17.0 bp −$17	37.0 bp −$370	doesn't fit	doesn't fit

QCOM on 21 exchanges

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	194.01	−0.125%	$17K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.28	+0.016%	$1.8M	$3.6M	20x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.17	−0.041%	$1.4M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.09	−0.082%	$1K	$3.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.30	+0.026%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.27	+0.011%	$1.6M	$1.1M	10x	as long as short
Lighter QCOM	+0.0032%	1h	193.95	−0.154%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0043%	1h	194.18	−0.035%	$1.2M	$3.2M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.22	−0.015%	$79K	$696K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.05	−0.102%	$326K	$756K	20x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit QCOMUSDT	+0.0116%	8h	194.35	+0.052%	$1.7M	$2.3M	25x	as long as short
Gate QCOM_USDT	+0.0136%	8h	194.34	+0.047%	$4.5M	$3.4M	50x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	211.90	+9.087%	$25K	$21K	12x	as long as short
Variational Omni QCOM	+0.0266%	8h	194.13	−0.061%	$310K	$118K	—	as long as short
BloFin QCOM-USDT	+0.0351%	8h	194.12	−0.066%	$133K	$56K	20x	as long as short
Extended QCOM-USD	+0.0376%	1h	194.19	−0.031%	$101K	$473K	10x	as long as short
Binance QCOMUSDTlong	+0.0377%	8h	194.25	long leg	$11.0M	$25.0M	20x
Phoenix QCOMshort	+0.0494%	1h	194.24	−0.005%	$97K	$237K	10x
tradeXYZ xyz:QCOM	+0.0527%	1h	194.31	+0.032%	$7.9M	$2.8M	10x	as long as short
edgeX QCOMUSDC	+0.0551%	4h	194.05	−0.104%	$80K	$276K	10x	as long as short
GRVT QCOM_USDT_Perp	+0.0998%	8h	194.18	−0.036%	$7K	$150K	10x	as long as short