Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.012%

Price spread now: Bitget against QFEX+0.010%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$860.856% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 7 days+0.046%+$5 · spread now +0.010%, 7d avg +0.066%

Together, before fees+0.025%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.055% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.021% in total (about -2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX QCOM-USD	192.24	0.0058	pay 0.0007% / 1h	27m 25s	$1.2M	$3.2M	10x
Short	Bitget QCOMUSDT	192.26	−0.0322	pay 0.0322% / 8h	2h 27m	$1.3M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$79.72
Price spread: +0.010% → +0.066%: −$5.55
Slippage, 4 orders: −$63.63
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$170.9
Costs to cover: 0.856%
Break-even: never at this rate

Slippage from QFEX: live order book, 11 min ago; Bitget: live order book, 4 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 QFEX live order book, 11 min ago	2.33 bp	8.8 bp −$9	13.6 bp −$136	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.60 bp	46.4 bp −$46	doesn't fit	doesn't fit	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
Bitget QCOMUSDTshort	−0.0322%	8h	192.26	+0.010%	$1.3M	$1.1M	20x
Aster QCOMUSDT	0.0000%	8h	192.37	+0.066%	$17K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	192.27	+0.016%	$1.7M	$2.4M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	192.21	−0.016%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	192.24	0.000%	$4.4M	$3.4M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	192.44	+0.104%	$304K	$84K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	192.55	+0.160%	$6K	$185K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	191.98	−0.135%	$812	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	192.91	+0.349%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	192.25	+0.005%	$1.6M	$1.1M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QCOM-USDT	+0.0003%	8h	192.61	+0.192%	$129K	$54K	20x	as long as short
Extended QCOM-USD	+0.0016%	1h	192.17	−0.038%	$101K	$474K	10x	as long as short
Binance QCOMUSDT	+0.0017%	8h	192.17	−0.036%	$10.9M	$24.0M	20x	as long as short
Lighter QCOM	+0.0032%	1h	191.96	−0.146%	—	—	10x	as long as short
QFEX QCOM-USDlong	+0.0058%	1h	192.24	long leg	$1.2M	$3.2M	10x
KuCoin QCOMUSDTM	+0.0100%	8h	192.04	−0.104%	$313K	$550K	20x	as long as short
edgeX QCOMUSDC	+0.0168%	4h	192.58	+0.177%	$79K	$272K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	212.38	+10.476%	$25K	$25K	12x	as long as short
Polymarket Perps QCOM-USD	+0.0223%	1h	192.20	−0.021%	$75K	$890K	10x	as long as short
Phoenix QCOM	+0.0496%	1h	192.59	+0.182%	$96K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0676%	1h	192.20	−0.021%	$7.5M	$2.7M	10x	as long as short