Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: Phemex against OKX+0.057%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$970.966% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.057%, 7d avg +0.018%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.039% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX QCOM-USDT-SWAP	193.24	0	get 0.0000% / 8h	3h 17m	$1.8M	$3.7M	20x
Short	Phemex QCOMUSDT	193.35	0	get 0.0000% / 8h	3h 17m	$1.6M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.018%: $3.86
Slippage, 4 orders: −$74.58
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$92.72
Costs to cover: 0.966%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Phemex: live order book, 5 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 OKX live order book, 4 min ago	0.26 bp	11.6 bp −$12	25.9 bp −$259	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	3.88 bp	30.8 bp −$31	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
Bitget QCOMUSDT	−0.0165%	8h	193.40	+0.083%	$1.3M	$1.1M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	193.35	+0.059%	$17K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	193.34	+0.052%	$2.3M	$2.0M	25x	as long as short
OKX QCOM-USDT-SWAPlong	0.0000%	8h	193.24	long leg	$1.8M	$3.7M	20x
Gate QCOM_USDT	0.0000%	8h	193.32	+0.041%	$4.4M	$3.3M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	193.59	+0.179%	$306K	$85K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	193.50	+0.133%	$6K	$188K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	193.11	−0.067%	$651	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	193.43	+0.098%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTshort	0.0000%	8h	193.35	+0.057%	$1.6M	$1.0M	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX QCOM-USD	+0.0029%	1h	193.23	−0.005%	$1.2M	$3.2M	10x	as long as short
Lighter QCOM	+0.0032%	1h	193.01	−0.119%	—	—	10x	as long as short
BloFin QCOM-USDT	+0.0038%	8h	193.49	+0.129%	$128K	$54K	20x	as long as short
Binance QCOMUSDT	+0.0055%	8h	193.44	+0.104%	$11.1M	$23.3M	20x	as long as short
Extended QCOM-USD	+0.0056%	1h	193.24	0.000%	$101K	$334K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	193.14	−0.052%	$315K	$534K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0190%	1h	193.30	+0.031%	$77K	$897K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	213.29	+10.376%	$25K	$25K	12x	as long as short
Phoenix QCOM	+0.0450%	1h	193.47	+0.119%	$97K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0704%	1h	193.47	+0.119%	$7.5M	$2.6M	10x	as long as short
edgeX QCOMUSDC	+0.0796%	4h	193.53	+0.152%	$80K	$273K	10x	as long as short