Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h +0.011%

Price spread now: Injective against Variational Omni+9.813%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

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

The price spread pays, funding is against you. Injective is 9.813% dearer against Variational Omni than usual: you sell high and buy low (spread +9.813% now, against zero (this spread has no 7-day history yet)): +$981 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni QCOM	195.87	0.0255	pay 0.0255% / 8h	3m 05s	$322K	$75K	—
Short	Injective QCOM/USDC PERP	215.09	0.0220	get 0.0028% / 1h	3m 05s	$26K	$25K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now +9.813%Rate

Funding earned: −$7.44
Price spread: +9.813% → 0.000%: $981.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $973.88
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 11 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 Variational Omni RFQ quote, 11 min ago	2.66 bp	doesn't fit	36.9 bp −$369	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	195.73	−0.073%	$18K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.01	+0.072%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.89	+0.011%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.97	+0.052%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.71	−0.081%	$934	$4.8M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.06	+0.098%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.92	+0.026%	$1.6M	$970K	10x	as long as short
Bybit QCOMUSDT	+0.0007%	8h	196.00	+0.067%	$2.0M	$1.9M	25x	as long as short
Lighter QCOM	+0.0032%	1h	195.74	−0.066%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0052%	1h	195.83	−0.020%	$1.2M	$3.0M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps QCOM-USD	+0.0096%	1h	195.93	+0.031%	$85K	$1.4M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.74	−0.066%	$319K	$518K	20x	as long as short
Injective QCOM/USDC PERPshort	+0.0220%	1h	215.09	+9.813%	$26K	$25K	12x
Variational Omni QCOMlong	+0.0255%	8h	195.87	long leg	$322K	$75K	—
edgeX QCOMUSDC	+0.0259%	4h	195.80	−0.036%	$82K	$267K	10x	as long as short
Binance QCOMUSDT	+0.0310%	8h	195.93	+0.031%	$10.9M	$23.0M	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0311%	8h	195.90	+0.016%	$6K	$210K	10x	as long as short
Extended QCOM-USD	+0.0312%	1h	195.87	+0.003%	$105K	$268K	10x	as long as short
BloFin QCOM-USDT	+0.0318%	8h	195.87	+0.001%	$126K	$50K	20x	as long as short
tradeXYZ xyz:QCOM	+0.0318%	1h	195.95	+0.042%	$7.2M	$2.2M	10x	as long as short
Phoenix QCOM	+0.0410%	1h	195.95	+0.042%	$98K	$259K	10x	as long as short