Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0341%/8h= −37.3% APRpaid last 24h −0.083%

Price spread now: Bitget against Injective−9.641%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bitget

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 against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 9.641% cheaper against Injective than usual: you would sell low and buy high (−$964 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective QCOM/USDC PERP	212.01	0.0220	pay 0.0028% / 1h	32m 46s	$25K	$21K	12x
Short	Bitget QCOMUSDT	191.57	−0.0121	pay 0.0121% / 8h	7h 32m	$1.3M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −9.641%Rate

Funding earned: −$71.61
Price spread: −9.641% → 0.000%: −$964.11
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,047.74
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	4.69 bp	20.9 bp −$21	50.5 bp −$505	doesn't fit	doesn't fit

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	−0.0510%	4h	191.98	−9.449%	$79K	$275K	10x	as long as short
GRVT QCOM_USDT_Perp	−0.0419%	8h	192.01	−9.434%	$6K	$168K	10x	as long as short
Bitget QCOMUSDTshort	−0.0121%	8h	191.57	−9.641%	$1.3M	$1.1M	20x
BloFin QCOM-USDT	−0.0012%	8h	192.03	−9.424%	$129K	$54K	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	191.70	−9.581%	$17K	$11K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	191.49	−9.679%	$104K	$475K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	191.63	−9.613%	$10.7M	$24.6M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	191.51	−9.669%	$1.7M	$2.3M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	191.60	−9.627%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	191.57	−9.641%	$4.4M	$3.4M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QCOM	0.0000%	8h	191.98	−9.448%	$305K	$117K	—	as long as short
SunX QCOM-USDT	0.0000%	8h	191.63	−9.613%	$680	$4.3M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	192.31	−9.292%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	191.54	−9.655%	$1.6M	$1.1M	10x	as long as short
Lighter QCOM	+0.0032%	1h	191.47	−9.688%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0049%	1h	191.84	−9.514%	$1.2M	$3.1M	10x	as long as short
Polymarket Perps QCOM-USD	+0.0050%	1h	191.83	−9.518%	$78K	$766K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	191.59	−9.632%	$319K	$603K	20x	as long as short
Injective QCOM/USDC PERPlong	+0.0220%	1h	212.01	long leg	$25K	$21K	12x
Phoenix QCOM	+0.0497%	1h	192.17	−9.358%	$96K	$237K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0505%	1h	191.66	−9.599%	$7.7M	$2.7M	10x	as long as short