Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.3% APRpaid last 24h +0.015%

Price spread now: Binance against Injective−9.206%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Binance

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 9.206% cheaper against Injective than usual: you would sell low and buy high (−$921 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective QCOM/USDC PERP	215.78	0.0220	pay 0.0028% / 1h	49m 11s	$26K	$25K	12x
Short	Binance QCOMUSDT	195.92	0.0116	get 0.0116% / 8h	4h 49m	$11.1M	$23.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −9.206%Rate

Funding earned: −$21.74
Price spread: −9.206% → 0.000%: −$920.57
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$952.34
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Binance: live order book, 7 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	1.02 bp	11.4 bp −$11	26.0 bp −$260	122.4 bp −$12.2K	doesn't fit

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	−0.0532%	4h	196.12	−9.109%	$81K	$271K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.87	−9.226%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.88	−9.222%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.00	−9.167%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.94	−9.195%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.02	−9.157%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	196.15	−9.097%	$6K	$191K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.67	−9.320%	$644	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.14	−9.102%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.91	−9.208%	$1.6M	$1.0M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOM	+0.0032%	1h	195.75	−9.283%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0032%	1h	195.85	−9.236%	$1.2M	$3.3M	10x	as long as short
Variational Omni QCOM	+0.0060%	8h	195.96	−9.187%	$318K	$78K	—	as long as short
Polymarket Perps QCOM-USD	+0.0085%	1h	195.94	−9.195%	$83K	$894K	10x	as long as short
BloFin QCOM-USDT	+0.0088%	8h	195.91	−9.208%	$129K	$54K	20x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.82	−9.250%	$319K	$526K	20x	as long as short
Binance QCOMUSDTshort	+0.0116%	8h	195.92	−9.206%	$11.1M	$23.5M	20x
Extended QCOM-USD	+0.0120%	1h	195.86	−9.230%	$102K	$418K	10x	as long as short
Injective QCOM/USDC PERPlong	+0.0220%	1h	215.78	long leg	$26K	$25K	12x
Phoenix QCOM	+0.0448%	1h	196.33	−9.014%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0457%	1h	196.09	−9.125%	$7.4M	$2.4M	10x	as long as short