Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.008%

Price spread now: Injective against KuCoin+9.925%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 +$4 a day on $10k at the current rate, and Injective is 9.925% dearer against KuCoin than usual: you sell high and buy low: +$992 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	KuCoin QCOMUSDTM	194.16	0.0100	pay 0.0100% / 8h	2h 06m	$316K	$531K	20x
Short	Injective QCOM/USDC PERP	213.43	0.0220	get 0.0028% / 1h	6m 37s	$25K	$25K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +9.925%Rate

Funding earned: $25.2
Price spread: +9.925% → 0.000%: $992.48
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,005.66
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	19.32 bp	104.8 bp −$105	doesn't fit	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
Aster QCOMUSDT	0.0000%	8h	194.16	+0.003%	$17K	$11K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	194.22	+0.033%	$104K	$268K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	194.26	+0.052%	$10.7M	$23.1M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.35	+0.098%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.30	+0.072%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.23	+0.036%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.26	+0.052%	$1.3M	$1.2M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	194.32	+0.081%	$318K	$76K	—	as long as short
SunX QCOM-USDT	0.0000%	8h	194.11	−0.026%	$767	$5.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.45	+0.149%	$10K	$10K	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	194.19	+0.015%	$1.6M	$979K	10x	as long as short
BloFin QCOM-USDT	+0.0006%	8h	194.21	+0.026%	$125K	$50K	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0016%	8h	194.25	+0.046%	$6K	$237K	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.09	−0.036%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0034%	1h	194.25	+0.046%	$1.2M	$2.9M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.23	+0.036%	$85K	$1.3M	10x	as long as short
KuCoin QCOMUSDTMlong	+0.0100%	8h	194.16	long leg	$316K	$531K	20x
Phoenix QCOM	+0.0206%	1h	194.40	+0.124%	$97K	$259K	10x	as long as short
Injective QCOM/USDC PERPshort	+0.0220%	1h	213.43	+9.925%	$25K	$25K	12x
tradeXYZ xyz:QCOM	+0.0290%	1h	194.28	+0.062%	$7.1M	$2.3M	10x	as long as short
edgeX QCOMUSDC	+0.0413%	4h	194.32	+0.080%	$81K	$265K	10x	as long as short