Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h −0.017%

Price spread now: Injective against Binance+9.851%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 9.851% dearer against Binance than usual: you sell high and buy low: +$985 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance QCOMUSDT	196.03	0.0152	pay 0.0152% / 8h	5h 15m	$11.1M	$23.4M	20x
Short	Injective QCOM/USDC PERP	215.34	0.0220	get 0.0028% / 1h	15m 00s	$26K	$25K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +9.851%Rate

Funding earned: $14.32
Price spread: +9.851% → 0.000%: $985.05
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $989.35
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 11 min ago; Injective: 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 Binance live order book, 11 min ago	0.77 bp	10.5 bp −$10	29.3 bp −$293	129.6 bp −$13.0K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Aster QCOMUSDT	0.0000%	8h	195.99	−0.021%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.88	−0.077%	$2.5M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.08	+0.026%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	196.09	+0.031%	$4.5M	$3.3M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.96	−0.036%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	196.01	−0.010%	$6K	$191K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.78	−0.128%	$566	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.13	+0.051%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	196.06	+0.015%	$1.6M	$999K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.78	−0.128%	—	—	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	+0.0062%	1h	196.00	−0.015%	$1.2M	$3.3M	10x	as long as short
Variational Omni QCOM	+0.0093%	8h	195.99	−0.019%	$322K	$75K	—	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.87	−0.082%	$319K	$540K	20x	as long as short
BloFin QCOM-USDT	+0.0144%	8h	196.01	−0.010%	$129K	$55K	20x	as long as short
Binance QCOMUSDTlong	+0.0152%	8h	196.03	long leg	$11.1M	$23.4M	20x
Extended QCOM-USD	+0.0152%	1h	195.98	−0.026%	$104K	$415K	10x	as long as short
edgeX QCOMUSDC	+0.0172%	4h	195.99	−0.022%	$81K	$272K	10x	as long as short
Polymarket Perps QCOM-USD	+0.0198%	1h	196.07	+0.020%	$83K	$894K	10x	as long as short
Injective QCOM/USDC PERPshort	+0.0220%	1h	215.34	+9.851%	$26K	$25K	12x
Phoenix QCOM	+0.0449%	1h	195.98	−0.026%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0571%	1h	196.13	+0.051%	$7.4M	$2.4M	10x	as long as short