Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.062%

Price spread now: Extended against Phemex−0.020%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1041.038% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.020%, 7d avg −0.050%

Together, before fees+0.007%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.030% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QCOMUSDT	196.11	0	get 0.0000% / 8h	4h 39m	$1.6M	$994K	10x
Short	Extended QCOM-USD	196.07	0.0112	get 0.0014% / 1h	39m 00s	$102K	$418K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phemex. 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 PhemexbpFee ExtendedbpOrdersPrice spread, now −0.020%Rate

Funding earned: $23.52
Price spread: −0.020% → −0.050%: $3
Slippage, 4 orders: −$86.84
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$77.32
Costs to cover: 1.038%
Break-even: 30.0 days

Slippage from Phemex: live order book, 4 min ago; Extended: live order book, 18 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 Phemex live order book, 4 min ago	1.53 bp	34.0 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 18 min ago	4.08 bp	19.8 bp −$20	173.2 bp −$1,732	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	196.06	−0.024%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	196.04	−0.036%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.16	+0.025%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	196.16	+0.025%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.20	+0.046%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	196.27	+0.082%	$6K	$190K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.91	−0.102%	$1K	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.24	+0.066%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTlong	0.0000%	8h	196.11	long leg	$1.6M	$994K	10x
Lighter QCOM	+0.0032%	1h	196.02	−0.046%	—	—	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	+0.0032%	1h	196.12	+0.005%	$1.2M	$3.3M	10x	as long as short
Variational Omni QCOM	+0.0044%	8h	196.17	+0.030%	$319K	$78K	—	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.98	−0.066%	$320K	$523K	20x	as long as short
Binance QCOMUSDT	+0.0110%	8h	196.12	+0.005%	$11.1M	$22.8M	20x	as long as short
Extended QCOM-USDshort	+0.0112%	1h	196.07	−0.020%	$102K	$418K	10x
BloFin QCOM-USDT	+0.0116%	8h	196.13	+0.010%	$129K	$54K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0121%	1h	196.10	−0.005%	$83K	$894K	10x	as long as short
edgeX QCOMUSDC	+0.0187%	4h	196.09	−0.009%	$81K	$270K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.78	+10.030%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0448%	1h	196.11	0.000%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0496%	1h	196.20	+0.046%	$7.4M	$2.4M	10x	as long as short