Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0032%/8hpaid last 24h —

Price spread now: Lighter against Phemex+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.026% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QCOMUSDT	193.98	0	get 0.0000% / 8h	4h 53m	$1.6M	$870K	10x
Short	Lighter QCOM	194.03	0.0032	get 0.0004% / 1h	53m 01s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.026%Rate

Funding earned: $6.72
Price spread: +0.026% → 0.000%: $2.58
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.7
Costs to cover: 0.120%
Break-even: 9.8 days

Slippage unknown: Phemex: live order book, 7 min ago; Lighter: no order-book sample. Net counts fees only.

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, 7 min ago	2.58 bp	30.8 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin QCOM-USDT	−0.0016%	8h	193.75	−0.119%	$129K	$46K	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	193.95	−0.015%	$16K	$9K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	194.01	+0.018%	$104K	$268K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	194.03	+0.026%	—	$21.5M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.03	+0.026%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.04	+0.031%	$1.8M	$3.4M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	193.98	0.000%	$4.4M	$3.0M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.01	+0.015%	$1.3M	$1.2M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	193.65	−0.171%	$278K	$36K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	194.09	+0.056%	$6K	$227K	10x	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	193.71	−0.139%	$645	$5.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	193.65	−0.170%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTlong	0.0000%	8h	193.98	long leg	$1.6M	$870K	10x
QFEX QCOM-USD	+0.0022%	1h	193.99	+0.005%	$1.2M	$2.6M	10x	as long as short
Lighter QCOMshort	+0.0032%	1h	194.03	+0.026%	—	—	10x
Polymarket Perps QCOM-USD	+0.0050%	1h	193.90	−0.041%	$84K	$1.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	193.99	+0.005%	$316K	$517K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	213.05	+9.831%	$25K	$25K	12x	as long as short
tradeXYZ xyz:QCOM	+0.0245%	1h	194.12	+0.072%	$7.3M	$2.1M	10x	as long as short
Phoenix QCOM	+0.0330%	1h	193.72	−0.134%	$97K	$254K	10x	as long as short
edgeX QCOMUSDC	+0.0996%	4h	193.99	+0.006%	$80K	$261K	10x	as long as short