Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.040%

Price spread now: Bitget against Injective−8.992%81s7-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 Bitget

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 −$7 a day on $10k at the current rate, and Bitget is 8.992% cheaper against Injective than usual: you would sell low and buy high (−$899 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective QCOM/USDC PERP	214.08	0.0220	pay 0.0028% / 1h	57m 54s	$25K	$25K	12x
Short	Bitget QCOMUSDT	194.83	0	get 0.0000% / 8h	57m 54s	$1.3M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −8.992%Rate

Funding earned: −$46.2
Price spread: −8.992% → 0.000%: −$899.2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$957.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	1.54 bp	31.3 bp −$31	63.7 bp −$637	doesn't fit	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	−0.0256%	4h	194.72	−9.043%	$81K	$267K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	194.68	−9.063%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.77	−9.020%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.84	−8.987%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.83	−8.992%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDTshort	0.0000%	8h	194.83	−8.992%	$1.3M	$1.2M	20x
SunX QCOM-USDT	0.0000%	8h	194.60	−9.099%	$994	$5.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.88	−8.969%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.80	−9.006%	$1.6M	$980K	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.71	−9.048%	—	—	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	+0.0052%	1h	194.76	−9.025%	$1.2M	$2.9M	10x	as long as short
Variational Omni QCOM	+0.0087%	8h	194.73	−9.039%	$320K	$77K	—	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.61	−9.095%	$317K	$515K	20x	as long as short
Binance QCOMUSDT	+0.0157%	8h	194.80	−9.006%	$10.8M	$23.1M	20x	as long as short
Extended QCOM-USD	+0.0160%	1h	194.76	−9.024%	$104K	$268K	10x	as long as short
Polymarket Perps QCOM-USD	+0.0163%	1h	194.82	−8.997%	$85K	$1.4M	10x	as long as short
BloFin QCOM-USDT	+0.0178%	8h	194.79	−9.011%	$125K	$50K	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0211%	8h	194.76	−9.025%	$7K	$220K	10x	as long as short
Injective QCOM/USDC PERPlong	+0.0220%	1h	214.08	long leg	$25K	$25K	12x
Phoenix QCOM	+0.0329%	1h	194.80	−9.006%	$97K	$259K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0357%	1h	194.78	−9.015%	$7.1M	$2.3M	10x	as long as short