Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0206%/8h= −22.6% APRpaid last 24h −0.082%

Price spread now: Aster against Phoenix−0.106%105s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.106% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QCOM	194.38	0.0206	pay 0.0026% / 1h	7m 40s	$97K	$259K	10x
Short	Aster QCOMUSDT	194.17	0	get 0.0000% / 8h	2h 07m	$17K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$43.36
Price spread: −0.106% → 0.000%: −$10.58
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$68.94
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 12 min ago; Aster: 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 Phoenix live order book, 12 min ago	5.15 bp	16.1 bp −$16	34.5 bp −$345	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Aster QCOMUSDTshort	0.0000%	8h	194.17	−0.106%	$17K	$11K	20x
Extended QCOM-USD	0.0000%	1h	194.15	−0.116%	$104K	$268K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	194.18	−0.103%	$10.7M	$23.1M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.38	0.000%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.24	−0.072%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.23	−0.077%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.23	−0.077%	$1.3M	$1.2M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	194.32	−0.032%	$318K	$76K	—	as long as short
SunX QCOM-USDT	0.0000%	8h	194.11	−0.139%	$947	$5.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.45	+0.036%	$10K	$10K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QCOMUSDT	0.0000%	8h	194.28	−0.051%	$1.6M	$979K	10x	as long as short
BloFin QCOM-USDT	+0.0013%	8h	194.30	−0.041%	$125K	$50K	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0013%	8h	194.29	−0.047%	$6K	$237K	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.09	−0.149%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0034%	1h	194.27	−0.057%	$1.2M	$2.9M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.23	−0.077%	$85K	$1.3M	10x	as long as short
edgeX QCOMUSDC	+0.0073%	4h	194.32	−0.033%	$81K	$264K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.16	−0.113%	$316K	$531K	20x	as long as short
Phoenix QCOMlong	+0.0206%	1h	194.38	long leg	$97K	$259K	10x
Injective QCOM/USDC PERP	+0.0220%	1h	213.43	+9.800%	$25K	$25K	12x	as long as short
tradeXYZ xyz:QCOM	+0.0292%	1h	194.29	−0.046%	$7.1M	$2.3M	10x	as long as short