Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0261%/8h= −28.6% APRpaid last 24h −0.042%

Price spread now: Variational Omni against tradeXYZ−0.089%7-day average +0.027% · you buy dearer than you sell

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 3 days (all we have)+0.129%+$13 · spread now −0.089%, 7d avg +0.027%

Together, before fees+0.043%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.117% cheaper against tradeXYZ than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.027%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.086% in total (about -9.2% 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	tradeXYZ xyz:QCOM	195.93	0.0459	pay 0.0057% / 1h	56m 19s	$7.2M	$2.2M	10x
Short	Variational Omni QCOM	195.75	0.0198	get 0.0198% / 8h	6h 56m	$322K	$74K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now −0.089%Rate

Funding earned: −$54.79
Price spread: −0.089% → +0.027%: −$11.67
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$84.46
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 2 min ago; Variational Omni: RFQ quote, 13 min ago. 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 tradeXYZ live order book, 2 min ago	1.02 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 13 min ago	2.63 bp	doesn't fit	42.6 bp −$426	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
Aster QCOMUSDT	0.0000%	8h	195.71	−0.110%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.80	−0.066%	$2.0M	$1.7M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.79	−0.071%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.86	−0.036%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.86	−0.036%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.82	−0.059%	$6K	$196K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.73	−0.102%	$808	$4.7M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.74	−0.097%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.77	−0.082%	$1.6M	$964K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.71	−0.112%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX QCOM-USD	+0.0043%	1h	195.74	−0.097%	$1.2M	$2.8M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.81	−0.061%	$85K	$885K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.71	−0.112%	$319K	$524K	20x	as long as short
edgeX QCOMUSDC	+0.0149%	4h	195.81	−0.060%	$82K	$267K	10x	as long as short
Variational Omni QCOMshort	+0.0198%	8h	195.75	−0.089%	$322K	$74K	—
BloFin QCOM-USDT	+0.0218%	8h	195.70	−0.117%	$127K	$54K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	215.33	+9.901%	$26K	$25K	12x	as long as short
Binance QCOMUSDT	+0.0238%	8h	195.80	−0.065%	$10.8M	$22.8M	20x	as long as short
Extended QCOM-USD	+0.0240%	1h	195.75	−0.091%	$105K	$404K	10x	as long as short
Phoenix QCOM	+0.0327%	1h	195.94	+0.005%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOMlong	+0.0459%	1h	195.93	long leg	$7.2M	$2.2M	10x