Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.063%

Price spread now: Injective against Bybit+8.940%78s7-day average — · you sell dearer than you buy

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

Long on Bybit 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 +$3 a day on $10k at the current rate, and Injective is 8.940% dearer against Bybit than usual: you sell high and buy low: +$894 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 78 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	Bybit QCOMUSDT	194.51	0.0123	pay 0.0123% / 8h	5h 48m	$1.7M	$2.3M	25x
Short	Injective QCOM/USDC PERP	211.90	0.0220	get 0.0028% / 1h	48m 03s	$25K	$21K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now +8.940%Rate

Funding earned: $20.34
Price spread: +8.940% → 0.000%: $894.04
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $903.36
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: 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 Bybit live order book, 2 min ago	5.39 bp	48.9 bp −$49	117.5 bp −$1,175	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 exchanges

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	−0.0047%	4h	194.72	+0.111%	$80K	$276K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	194.29	−0.113%	$17K	$11K	20x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.50	−0.005%	$1.8M	$3.6M	20x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.50	−0.005%	$1.4M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.31	−0.103%	$905	$3.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.86	+0.180%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.60	+0.046%	$1.6M	$1.1M	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.38	−0.067%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0043%	1h	194.56	+0.026%	$1.2M	$3.2M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	194.34	−0.087%	$80K	$682K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QCOM	+0.0097%	8h	194.74	+0.116%	$311K	$120K	—	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.40	−0.057%	$318K	$713K	20x	as long as short
Gate QCOM_USDT	+0.0119%	8h	194.63	+0.062%	$4.5M	$3.4M	50x	as long as short
Bybit QCOMUSDTlong	+0.0123%	8h	194.51	long leg	$1.7M	$2.3M	25x
BloFin QCOM-USDT	+0.0185%	8h	194.73	+0.113%	$130K	$56K	20x	as long as short
Extended QCOM-USD	+0.0216%	1h	194.48	−0.018%	$101K	$475K	10x	as long as short
Binance QCOMUSDT	+0.0219%	8h	194.51	0.000%	$11.0M	$24.9M	20x	as long as short
Injective QCOM/USDC PERPshort	+0.0220%	1h	211.90	+8.940%	$25K	$21K	12x
Phoenix QCOM	+0.0494%	1h	194.94	+0.221%	$98K	$237K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0568%	1h	194.67	+0.082%	$7.9M	$2.8M	10x	as long as short
GRVT QCOM_USDT_Perp	+0.0895%	8h	194.59	+0.042%	$6K	$152K	10x	as long as short