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 +0.022%

Price spread now: Injective against OKX+9.728%88s7-day average — · you sell dearer than you buy

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

Long on OKX 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 +$7 a day on $10k at the current rate, and Injective is 9.728% dearer against OKX than usual: you sell high and buy low: +$973 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 88 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	OKX QCOM-USDT-SWAP	195.10	0	get 0.0000% / 8h	49m 52s	$1.7M	$3.7M	20x
Short	Injective QCOM/USDC PERP	214.08	0.0220	get 0.0028% / 1h	49m 52s	$25K	$25K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now +9.728%Rate

Funding earned: $46.2
Price spread: +9.728% → 0.000%: $972.83
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,009.01
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	1.28 bp	11.2 bp −$11	29.8 bp −$298	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	194.63	−0.243%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.00	−0.051%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAPlong	0.0000%	8h	195.10	long leg	$1.7M	$3.7M	20x
Gate QCOM_USDT	0.0000%	8h	194.99	−0.056%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.98	−0.062%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.79	−0.159%	$598	$4.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.15	+0.026%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.97	−0.067%	$1.6M	$970K	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.73	−0.190%	—	—	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.93	−0.087%	$85K	$1.4M	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	194.95	−0.077%	$1.2M	$2.9M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.76	−0.174%	$317K	$510K	20x	as long as short
Variational Omni QCOM	+0.0126%	8h	194.97	−0.069%	$320K	$77K	—	as long as short
Binance QCOMUSDT	+0.0190%	8h	194.95	−0.077%	$10.8M	$23.0M	20x	as long as short
Extended QCOM-USD	+0.0192%	1h	194.86	−0.122%	$104K	$268K	10x	as long as short
BloFin QCOM-USDT	+0.0204%	8h	195.01	−0.046%	$125K	$50K	20x	as long as short
Injective QCOM/USDC PERPshort	+0.0220%	1h	214.08	+9.728%	$25K	$25K	12x
GRVT QCOM_USDT_Perp	+0.0227%	8h	194.92	−0.092%	$7K	$220K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0277%	1h	194.92	−0.092%	$7.1M	$2.3M	10x	as long as short
Phoenix QCOM	+0.0410%	1h	194.98	−0.062%	$97K	$259K	10x	as long as short
edgeX QCOMUSDC	+0.0412%	4h	194.92	−0.090%	$81K	$266K	10x	as long as short