Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h −0.041%

Price spread now: Polymarket Perps against BloFin+0.020%105s7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.347% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.020%, 7d avg −0.048%

Together, before fees−0.162%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.069% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.048%. The two prices were read 105 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	BloFin QCOM-USDT	195.96	0.0183	pay 0.0183% / 8h	5h 33m	$129K	$55K	20x
Short	Polymarket Perps QCOM-USD	196.00	0.0252	get 0.0031% / 1h	33m 24s	$83K	$895K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: $14.43
Price spread: +0.020% → −0.048%: $6.88
Slippage, 4 orders: −$14.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.39
Costs to cover: 0.347%
Break-even: 13.5 days

Slippage from BloFin: live order book, 3 min ago; Polymarket Perps: live order book, 10 min ago.

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 BloFin live order book, 3 min ago	2.81 bp	11.3 bp −$11	20.5 bp −$205	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 10 min ago	2.04 bp	6.5 bp −$7	8.1 bp −$81	10.5 bp −$1,055	doesn't fit

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	−0.0811%	4h	195.90	−0.031%	$81K	$271K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.97	+0.004%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.93	−0.015%	$2.5M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	196.00	+0.020%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	196.03	+0.036%	$4.5M	$3.3M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	196.03	+0.036%	$1.3M	$1.1M	20x	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.90	−0.031%	$6K	$191K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.85	−0.056%	$717	$4.6M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	196.00	+0.020%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	196.01	+0.026%	$1.6M	$998K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QCOM	+0.0032%	1h	195.77	−0.097%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0062%	1h	195.98	+0.010%	$1.2M	$3.3M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.78	−0.092%	$319K	$547K	20x	as long as short
Variational Omni QCOM	+0.0116%	8h	195.89	−0.035%	$322K	$75K	—	as long as short
Binance QCOMUSDT	+0.0167%	8h	196.00	+0.020%	$11.1M	$23.4M	20x	as long as short
Extended QCOM-USD	+0.0168%	1h	195.99	+0.013%	$107K	$412K	10x	as long as short
BloFin QCOM-USDTlong	+0.0183%	8h	195.96	long leg	$129K	$55K	20x
Injective QCOM/USDC PERP	+0.0220%	1h	215.37	+9.905%	$26K	$25K	12x	as long as short
Polymarket Perps QCOM-USDshort	+0.0252%	1h	196.00	+0.020%	$83K	$895K	10x
Phoenix QCOM	+0.0449%	1h	196.01	+0.026%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0601%	1h	196.14	+0.092%	$7.4M	$2.3M	10x	as long as short