Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.014%

Price spread now: Variational Omni against Injective−8.945%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 8.945% cheaper against Injective than usual: you would sell low and buy high (spread −8.945% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$895 on $10k: about years of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective QCOM/USDC PERP	215.15	0.0220	pay 0.0028% / 1h	13m 22s	$26K	$25K	12x
Short	Variational Omni QCOM	195.90	0.0237	get 0.0237% / 8h	7h 13m	$322K	$74K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −8.945%Rate

Funding earned: $3.65
Price spread: −8.945% → 0.000%: −$894.51
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$890.88
Costs to cover: 0.000%
Break-even: 1716.5 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 61 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 Variational Omni RFQ quote, 61 min ago	2.66 bp	doesn't fit	52.8 bp −$528	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	−0.0866%	4h	195.91	−8.944%	$82K	$270K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.88	−8.958%	$18K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.96	−8.919%	$1.8M	$3.6M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.90	−8.947%	$4.5M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.86	−8.966%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.90	−8.947%	$6K	$197K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.80	−8.994%	$683	$4.7M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.90	−8.947%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.79	−8.998%	$1.6M	$963K	10x	as long as short
Bybit QCOMUSDT	+0.0010%	8h	195.88	−8.957%	$2.0M	$1.7M	25x	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	195.77	−9.008%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0040%	1h	195.88	−8.957%	$1.2M	$2.9M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.91	−8.943%	$85K	$885K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.81	−8.989%	$319K	$520K	20x	as long as short
Injective QCOM/USDC PERPlong	+0.0220%	1h	215.15	long leg	$26K	$25K	12x
Variational Omni QCOMshort	+0.0237%	8h	195.90	−8.945%	$322K	$74K	—
BloFin QCOM-USDT	+0.0246%	8h	195.85	−8.970%	$128K	$54K	20x	as long as short
Binance QCOMUSDT	+0.0270%	8h	195.93	−8.932%	$10.9M	$22.8M	20x	as long as short
Extended QCOM-USD	+0.0272%	1h	195.90	−8.948%	$107K	$402K	10x	as long as short
Phoenix QCOM	+0.0327%	1h	195.81	−8.989%	$98K	$249K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0364%	1h	195.92	−8.938%	$7.2M	$2.2M	10x	as long as short