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 +0.002%

Price spread now: Gate against Phemex+0.020%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$830.835% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.020%, 7d avg −0.003%

Together, before fees+0.019%+$2 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: Gate is 0.024% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QCOMUSDT	196.03	0	get 0.0000% / 8h	7h 25m	$1.6M	$962K	10x
Short	Gate QCOM_USDT	196.07	0	get 0.0000% / 8h	7h 25m	$4.5M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.003%: $2.38
Slippage, 4 orders: −$56.48
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$81.1
Costs to cover: 0.835%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	1.78 bp	27.5 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.06 bp	14.9 bp −$15	37.3 bp −$373	72.6 bp −$7,255	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	−0.0012%	4h	195.83	−0.103%	$82K	$267K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.89	−0.071%	$18K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.99	−0.020%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDTshort	0.0000%	8h	196.07	+0.020%	$4.5M	$3.2M	50x
Bitget QCOMUSDT	0.0000%	8h	195.82	−0.107%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.58	−0.230%	$6K	$206K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.76	−0.138%	$910	$4.7M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.00	−0.015%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTlong	0.0000%	8h	196.03	long leg	$1.6M	$962K	10x
Lighter QCOM	+0.0032%	1h	195.90	−0.066%	—	—	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	+0.0040%	1h	196.01	−0.010%	$1.2M	$2.9M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0065%	1h	196.00	−0.015%	$85K	$887K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.87	−0.082%	$319K	$514K	20x	as long as short
Bybit QCOMUSDT	+0.0112%	8h	195.90	−0.066%	$2.0M	$1.7M	25x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.06	+9.708%	$26K	$25K	12x	as long as short
Variational Omni QCOM	+0.0257%	8h	195.91	−0.060%	$322K	$74K	—	as long as short
BloFin QCOM-USDT	+0.0292%	8h	196.04	+0.005%	$128K	$54K	20x	as long as short
Binance QCOMUSDT	+0.0294%	8h	196.02	−0.005%	$10.9M	$22.7M	20x	as long as short
Extended QCOM-USD	+0.0296%	1h	195.98	−0.027%	$107K	$402K	10x	as long as short
Phoenix QCOM	+0.0327%	1h	195.92	−0.056%	$98K	$249K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0397%	1h	196.02	−0.005%	$7.2M	$2.2M	10x	as long as short