Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0464%/8h= −50.9% APRnext payment −$0.58 per $10,000 · paid last 24h —

Price spread now: Lighter against Phoenix−0.067%7-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 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 against this trade now: funding costs −$14 a day on $10k at the current rate, and Lighter is 0.067% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QCOM	192.98	0.0496	pay 0.0062% / 1h	28m 55s	$96K	$239K	10x
Short	Lighter QCOM	192.85	0.0032	get 0.0004% / 1h	28m 55s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$97.53
Price spread: −0.067% → 0.000%: −$6.74
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$111.26
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 11 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 Phoenix live order book, 11 min ago	7.78 bp	21.8 bp −$22	48.6 bp −$486	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
Bitget QCOMUSDT	−0.0385%	8h	192.93	−0.026%	$1.3M	$1.2M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	192.85	−0.068%	$17K	$11K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	192.84	−0.073%	$101K	$477K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	192.88	−0.052%	$10.8M	$24.5M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	192.85	−0.067%	$1.7M	$2.3M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	192.95	−0.016%	$1.8M	$3.8M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	192.93	−0.026%	$4.4M	$3.5M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	192.83	−0.080%	$305K	$117K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	192.83	−0.078%	$6K	$182K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	192.79	−0.098%	$729	$4.5M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QCOM-USDT	0.0000%	8h	192.92	−0.031%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	192.90	−0.041%	$1.6M	$1.1M	10x	as long as short
BloFin QCOM-USDT	+0.0021%	8h	192.80	−0.093%	$130K	$54K	20x	as long as short
Lighter QCOMshort	+0.0032%	1h	192.85	−0.067%	—	—	10x
Polymarket Perps QCOM-USD	+0.0050%	1h	192.91	−0.036%	$76K	$885K	10x	as long as short
QFEX QCOM-USD	+0.0051%	1h	192.86	−0.062%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	192.56	−0.218%	$320K	$567K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	211.82	+9.763%	$25K	$25K	12x	as long as short
tradeXYZ xyz:QCOM	+0.0467%	1h	193.05	+0.036%	$7.6M	$2.8M	10x	as long as short
Phoenix QCOMlong	+0.0496%	1h	192.98	long leg	$96K	$239K	10x
edgeX QCOMUSDC	+0.0667%	4h	192.80	−0.093%	$79K	$275K	10x	as long as short