Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.080%

Price spread now: Phoenix against Gate+0.031%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$720.715% of the position

Long on Gate Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.362%+$36 on $10k

Price spread, last 3 days (all we have)−0.176%−$18 · spread now +0.031%, 7d avg −0.006%

Together, before fees+0.185%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.037% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QCOM_USDT	194.29	0	get 0.0000% / 8h	2h 03m	$4.4M	$3.2M	50x
Short	Phoenix QCOM	194.35	0.0206	get 0.0026% / 1h	3m 06s	$97K	$259K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Gate. 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 GatebpFee PhoenixbpOrdersPrice spread, now +0.031%Rate

Funding earned: $43.36
Price spread: +0.031% → −0.006%: $3.69
Slippage, 4 orders: −$49.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$24.48
Costs to cover: 0.715%
Break-even: 11.0 days

Slippage from Gate: live order book, 5 min ago; Phoenix: live order book, 17 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 Gate live order book, 5 min ago	7.72 bp	20.1 bp −$20	46.9 bp −$469	84.2 bp −$8,422	doesn't fit
Sell Phoenix live order book, 17 min ago	5.15 bp	16.1 bp −$16	34.5 bp −$345	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
edgeX QCOMUSDC	−0.0141%	4h	194.31	+0.009%	$81K	$265K	10x	as long as short
BloFin QCOM-USDT	−0.0011%	8h	194.37	+0.041%	$126K	$50K	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	194.19	−0.051%	$17K	$11K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	194.27	−0.013%	$104K	$268K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	194.29	0.000%	$10.7M	$23.1M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.35	+0.031%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.30	+0.005%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDTlong	0.0000%	8h	194.29	long leg	$4.4M	$3.2M	50x
Bitget QCOMUSDT	0.0000%	8h	194.29	0.000%	$1.3M	$1.2M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	194.33	+0.019%	$318K	$76K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QCOM-USDT	0.0000%	8h	194.13	−0.082%	$976	$5.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.40	+0.057%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.34	+0.026%	$1.6M	$979K	10x	as long as short
GRVT QCOM_USDT_Perp	+0.0013%	8h	194.29	0.000%	$6K	$237K	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.14	−0.077%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0034%	1h	194.26	−0.015%	$1.2M	$2.9M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.31	+0.010%	$85K	$1.3M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.15	−0.072%	$316K	$531K	20x	as long as short
Phoenix QCOMshort	+0.0206%	1h	194.35	+0.031%	$97K	$259K	10x
Injective QCOM/USDC PERP	+0.0220%	1h	213.43	+9.851%	$25K	$25K	12x	as long as short
tradeXYZ xyz:QCOM	+0.0289%	1h	194.31	+0.010%	$7.1M	$2.3M	10x	as long as short