Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0415%/8h= −45.5% APRpaid last 24h −0.122%

Price spread now: Bitget against Phoenix−0.098%59s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1031.030% of the position

Long on Phoenix Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.466%−$47 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.098%, 7d avg +0.002%

Together, before fees−0.265%−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.101% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 59 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	193.16	0.0415	pay 0.0052% / 1h	18m 32s	$97K	$237K	10x
Short	Bitget QCOMUSDT	192.97	0	get 0.0000% / 8h	6h 18m	$1.3M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$87.2
Price spread: −0.098% → +0.002%: −$10.07
Slippage, 4 orders: −$84.05
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$200.32
Costs to cover: 1.030%
Break-even: never at this rate

Slippage from Phoenix: live order book, 29 min ago; Bitget: live order book, 1 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 Phoenix live order book, 29 min ago	7.77 bp	21.8 bp −$22	48.7 bp −$487	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.33 bp	43.4 bp −$43	101.5 bp −$1,015	doesn't fit	doesn't fit

QCOM on 21 exchanges

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	193.13	−0.014%	$17K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	193.11	−0.026%	$1.7M	$2.3M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	193.25	+0.047%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	193.29	+0.067%	$4.5M	$3.4M	50x	as long as short
Bitget QCOMUSDTshort	0.0000%	8h	192.97	−0.098%	$1.3M	$1.1M	20x
Variational Omni QCOM	0.0000%	8h	193.21	+0.024%	$310K	$119K	—	as long as short
SunX QCOM-USDT	0.0000%	8h	192.76	−0.207%	$1K	$4.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	193.31	+0.078%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	193.21	+0.026%	$1.6M	$1.1M	10x	as long as short
Lighter QCOM	+0.0032%	1h	193.11	−0.026%	—	—	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective QCOM/USDC PERP	+0.0033%	1h	211.90	+9.702%	$25K	$21K	12x	as long as short
edgeX QCOMUSDC	+0.0034%	4h	193.16	+0.001%	$80K	$276K	10x	as long as short
QFEX QCOM-USD	+0.0042%	1h	193.19	+0.016%	$1.2M	$3.1M	10x	as long as short
Extended QCOM-USD	+0.0048%	1h	193.16	+0.001%	$101K	$472K	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	193.14	−0.010%	$79K	$682K	10x	as long as short
Binance QCOMUSDT	+0.0050%	8h	193.18	+0.010%	$10.9M	$24.9M	20x	as long as short
BloFin QCOM-USDT	+0.0080%	8h	193.22	+0.031%	$129K	$55K	20x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	193.03	−0.067%	$314K	$681K	20x	as long as short
Phoenix QCOMlong	+0.0415%	1h	193.16	long leg	$97K	$237K	10x
tradeXYZ xyz:QCOM	+0.0597%	1h	193.15	−0.005%	$7.8M	$2.8M	10x	as long as short
GRVT QCOM_USDT_Perp	+0.0663%	8h	193.05	−0.055%	$6K	$157K	10x	as long as short