Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Variational Omni against Lighter+0.135%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.135% dearer against Lighter than usual: you sell high and buy low (spread +0.135% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter QCOM	193.85	0.0032	pay 0.0004% / 1h	29m 04s	—	—	10x
Short	Variational Omni QCOM	194.11	0	get 0.0000% / 8h	2h 29m	$318K	$76K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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 LighterbpFee Variational OmnibpOrdersPrice spread, now +0.135%Rate

Funding earned: −$6.72
Price spread: +0.135% → 0.000%: $13.48
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.76
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Variational Omni: RFQ quote, 60 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 Lighter no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 60 min ago	3.92 bp	doesn't fit	29.6 bp −$296	doesn't fit	doesn't fit

Lighter: 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	194.02	+0.088%	$17K	$11K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	194.16	+0.161%	$104K	$268K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	194.14	+0.150%	$10.7M	$23.1M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.14	+0.150%	$1.9M	$2.0M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.16	+0.160%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.00	+0.077%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.08	+0.119%	$1.3M	$1.2M	20x	as long as short
Variational Omni QCOMshort	0.0000%	8h	194.11	+0.135%	$318K	$76K	—
SunX QCOM-USDT	0.0000%	8h	193.91	+0.031%	$494	$5.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.25	+0.206%	$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	194.10	+0.129%	$1.6M	$978K	10x	as long as short
BloFin QCOM-USDT	+0.0001%	8h	194.22	+0.191%	$126K	$50K	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0010%	8h	194.13	+0.144%	$6K	$239K	10x	as long as short
Lighter QCOMlong	+0.0032%	1h	193.85	long leg	—	—	10x
QFEX QCOM-USD	+0.0034%	1h	194.04	+0.098%	$1.2M	$2.9M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.05	+0.103%	$82K	$1.3M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	193.95	+0.052%	$317K	$516K	20x	as long as short
Phoenix QCOM	+0.0206%	1h	194.04	+0.098%	$97K	$259K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	213.18	+9.972%	$25K	$25K	12x	as long as short
tradeXYZ xyz:QCOM	+0.0246%	1h	194.08	+0.119%	$7.1M	$2.3M	10x	as long as short
edgeX QCOMUSDC	+0.0384%	4h	194.16	+0.158%	$81K	$266K	10x	as long as short