Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.039%

Price spread now: Injective against Bybit+9.723%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 +$7 a day on $10k at the current rate, and Injective is 9.723% dearer against Bybit than usual: you sell high and buy low: +$972 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	Bybit QCOMUSDT	193.76	0	get 0.0000% / 8h	2h 57m	$1.9M	$2.2M	25x
Short	Injective QCOM/USDC PERP	212.60	0.0220	get 0.0028% / 1h	57m 18s	$25K	$25K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now +9.723%Rate

Funding earned: $46.2
Price spread: +9.723% → 0.000%: $972.34
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,007.52
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	1.81 bp	18.7 bp −$19	96.5 bp −$965	doesn't fit	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
edgeX QCOMUSDC	−0.0408%	4h	193.39	−0.193%	$80K	$274K	10x	as long as short
Bitget QCOMUSDT	−0.0229%	8h	193.64	−0.062%	$1.3M	$1.1M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	193.58	−0.093%	$17K	$11K	20x	as long as short
Bybit QCOMUSDTlong	0.0000%	8h	193.76	long leg	$1.9M	$2.2M	25x
OKX QCOM-USDT-SWAP	0.0000%	8h	193.70	−0.031%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	193.60	−0.083%	$4.4M	$3.3M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	193.37	−0.201%	$306K	$84K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	193.45	−0.162%	$6K	$186K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	193.39	−0.191%	$774	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	193.57	−0.098%	$9K	$11K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QCOMUSDT	0.0000%	8h	193.72	−0.021%	$1.6M	$1.0M	10x	as long as short
BloFin QCOM-USDT	+0.0029%	8h	193.55	−0.108%	$130K	$54K	20x	as long as short
Lighter QCOM	+0.0032%	1h	193.38	−0.196%	—	—	10x	as long as short
Binance QCOMUSDT	+0.0047%	8h	193.68	−0.042%	$11.0M	$23.6M	20x	as long as short
Extended QCOM-USD	+0.0048%	1h	193.61	−0.076%	$101K	$472K	10x	as long as short
QFEX QCOM-USD	+0.0058%	1h	193.47	−0.150%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	193.34	−0.217%	$315K	$549K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0179%	1h	193.64	−0.062%	$78K	$897K	10x	as long as short
Injective QCOM/USDC PERPshort	+0.0220%	1h	212.60	+9.723%	$25K	$25K	12x
Phoenix QCOM	+0.0450%	1h	193.62	−0.072%	$97K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0702%	1h	193.76	0.000%	$7.5M	$2.6M	10x	as long as short