Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h +0.005%

Price spread now: Bybit against QFEX−0.026%7-day average +0.017% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$790.793% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%$0 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.026%, 7d avg +0.017%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.043% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX QCOM-USD	193.39	0.0025	pay 0.0003% / 1h	17m 07s	$1.2M	$3.1M	10x
Short	Bybit QCOMUSDT	193.34	0	get 0.0000% / 8h	17m 07s	$1.7M	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$5.24
Price spread: −0.026% → +0.017%: −$4.33
Slippage, 4 orders: −$58.28
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.86
Costs to cover: 0.793%
Break-even: never at this rate

Slippage from QFEX: live order book, 11 min ago; Bybit: live order book, 5 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	2.59 bp	8.6 bp −$9	12.7 bp −$127	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.85 bp	31.7 bp −$32	114.9 bp −$1,149	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
edgeX QCOMUSDC	−0.0852%	4h	192.98	−0.210%	$80K	$275K	10x	as long as short
Bitget QCOMUSDT	−0.0223%	8h	193.43	+0.021%	$1.3M	$1.2M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	193.42	+0.017%	$17K	$11K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	193.35	−0.021%	$104K	$474K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	193.36	−0.013%	$10.8M	$24.6M	20x	as long as short
Bybit QCOMUSDTshort	0.0000%	8h	193.34	−0.026%	$1.7M	$2.3M	25x
OKX QCOM-USDT-SWAP	0.0000%	8h	193.37	−0.010%	$1.8M	$3.8M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	193.40	+0.005%	$4.4M	$3.5M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	192.92	−0.242%	$305K	$117K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	192.98	−0.213%	$6K	$176K	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	193.28	−0.057%	$597	$4.4M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	193.39	0.000%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	193.40	+0.005%	$1.6M	$1.1M	10x	as long as short
BloFin QCOM-USDT	+0.0020%	8h	192.94	−0.233%	$129K	$54K	20x	as long as short
QFEX QCOM-USDlong	+0.0025%	1h	193.39	long leg	$1.2M	$3.1M	10x
Lighter QCOM	+0.0032%	1h	193.31	−0.041%	—	—	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	193.17	−0.114%	$322K	$580K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0141%	1h	193.45	+0.031%	$79K	$845K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	212.01	+9.628%	$25K	$25K	12x	as long as short
Phoenix QCOM	+0.0414%	1h	193.20	−0.098%	$97K	$237K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0731%	1h	193.55	+0.083%	$7.7M	$2.8M	10x	as long as short