Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.054%

Price spread now: Injective against SunX+10.216%61s7-day average — · you sell dearer than you buy

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

Long on SunX 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 10.216% dearer against SunX than usual: you sell high and buy low: +$1,022 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 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	SunX QCOM-USDT	195.18	0	get 0.0000% / 8h	3h 58m	$839	$4.5M	10x
Short	Injective QCOM/USDC PERP	215.12	0.0220	get 0.0028% / 1h	58m 19s	$26K	$25K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now +10.216%Rate

Funding earned: $46.2
Price spread: +10.216% → 0.000%: $1,021.62
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,059.8
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago	500.37 bp	doesn't fit	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
edgeX QCOMUSDC	−0.0730%	4h	195.38	+0.105%	$81K	$273K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.42	+0.123%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.23	+0.026%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.33	+0.077%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.35	+0.087%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.33	+0.077%	$1.3M	$1.1M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	195.39	+0.108%	$317K	$78K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.38	+0.102%	$6K	$189K	10x	as long as short
SunX QCOM-USDTlong	0.0000%	8h	195.18	long leg	$839	$4.5M	10x
HTX QCOM-USDT	0.0000%	8h	195.42	+0.123%	$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	195.30	+0.061%	$1.6M	$990K	10x	as long as short
QFEX QCOM-USD	+0.0029%	1h	195.20	+0.010%	$1.2M	$3.2M	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.21	+0.015%	—	—	10x	as long as short
BloFin QCOM-USDT	+0.0042%	8h	195.43	+0.128%	$129K	$54K	20x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	195.33	+0.077%	$83K	$894K	10x	as long as short
Extended QCOM-USD	+0.0064%	1h	195.24	+0.029%	$103K	$421K	10x	as long as short
Binance QCOMUSDT	+0.0067%	8h	195.29	+0.056%	$11.1M	$22.7M	20x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.24	+0.031%	$318K	$512K	20x	as long as short
Injective QCOM/USDC PERPshort	+0.0220%	1h	215.12	+10.216%	$26K	$25K	12x
Phoenix QCOM	+0.0448%	1h	195.36	+0.092%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0549%	1h	195.48	+0.154%	$7.5M	$2.4M	10x	as long as short