Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.010%

Price spread now: QFEX against Gate−0.046%7-day average −0.078% · 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−$46as in the Price arb table

costs, in and out, $10k−$490.494% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days−0.079%−$8 · spread now −0.046%, 7d avg −0.078%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QCOM_USDT	196.30	0	get 0.0000% / 8h	5h 53m	$4.5M	$3.3M	50x
Short	QFEX QCOM-USD	196.21	0.0062	get 0.0008% / 1h	53m 24s	$1.2M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $13.02
Price spread: −0.046% → −0.078%: $3.18
Slippage, 4 orders: −$24.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$33.16
Costs to cover: 0.494%
Break-even: 24.8 days

Slippage from Gate: live order book, 5 min ago; QFEX: live order book, 9 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	5.86 bp	16.1 bp −$16	50.5 bp −$505	77.6 bp −$7,758	doesn't fit
Sell QFEX live order book, 9 min ago	2.04 bp	7.0 bp −$7	8.6 bp −$86	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	−0.0082%	4h	196.27	−0.014%	$81K	$270K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	196.15	−0.077%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	196.14	−0.082%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.25	−0.025%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDTlong	0.0000%	8h	196.30	long leg	$4.5M	$3.3M	50x
Bitget QCOMUSDT	0.0000%	8h	196.29	−0.005%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	196.19	−0.058%	$6K	$192K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	196.20	−0.051%	$859	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.24	−0.031%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	196.30	0.000%	$1.6M	$993K	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	196.08	−0.112%	—	—	10x	as long as short
QFEX QCOM-USDshort	+0.0062%	1h	196.21	−0.046%	$1.2M	$3.3M	10x
KuCoin QCOMUSDTM	+0.0100%	8h	196.03	−0.138%	$319K	$543K	20x	as long as short
Variational Omni QCOM	+0.0132%	8h	196.25	−0.024%	$322K	$74K	—	as long as short
Extended QCOM-USD	+0.0184%	1h	196.23	−0.037%	$107K	$412K	10x	as long as short
Binance QCOMUSDT	+0.0185%	8h	196.29	−0.003%	$11.2M	$23.3M	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.49	+9.776%	$26K	$25K	12x	as long as short
Polymarket Perps QCOM-USD	+0.0348%	1h	196.36	+0.031%	$83K	$895K	10x	as long as short
Phoenix QCOM	+0.0449%	1h	196.20	−0.051%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0576%	1h	196.33	+0.015%	$7.4M	$2.3M	10x	as long as short