Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.030%

Price spread now: Polymarket Perps against Phemex−0.026%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 3 days (all we have)−0.075%−$8 · spread now −0.026%, 7d avg −0.068%

Together, before fees+0.046%+$5 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 0.042% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QCOMUSDT	195.07	0	get 0.0000% / 8h	47m 34s	$1.6M	$968K	10x
Short	Polymarket Perps QCOM-USD	195.02	0.0050	get 0.0006% / 1h	47m 34s	$85K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phemex. 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 PhemexbpFee Polymarket PerpsbpOrdersPrice spread, now −0.026%Rate

Funding earned: $10.5
Price spread: −0.026% → −0.068%: $4.21
Slippage, 4 orders: −$50.32
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$55.62
Costs to cover: 0.703%
Break-even: 44.1 days

Slippage from Phemex: live order book, 6 min ago; Polymarket Perps: live order book, 1 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 Phemex live order book, 6 min ago	3.33 bp	26.3 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.31 bp	6.3 bp −$6	7.4 bp −$74	9.4 bp −$938	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
Aster QCOMUSDT	0.0000%	8h	194.78	−0.149%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	195.06	−0.005%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	195.19	+0.062%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.11	+0.021%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.09	+0.010%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.87	−0.103%	$776	$4.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.15	+0.041%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTlong	0.0000%	8h	195.07	long leg	$1.6M	$968K	10x
Lighter QCOM	+0.0032%	1h	194.81	−0.133%	—	—	10x	as long as short
Polymarket Perps QCOM-USDshort	+0.0050%	1h	195.02	−0.026%	$85K	$1.4M	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX QCOM-USD	+0.0052%	1h	195.03	−0.021%	$1.2M	$2.9M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.84	−0.118%	$318K	$511K	20x	as long as short
Variational Omni QCOM	+0.0126%	8h	194.97	−0.054%	$320K	$77K	—	as long as short
BloFin QCOM-USDT	+0.0197%	8h	195.07	0.000%	$125K	$50K	20x	as long as short
Extended QCOM-USD	+0.0200%	1h	195.05	−0.010%	$104K	$268K	10x	as long as short
Binance QCOMUSDT	+0.0204%	8h	195.10	+0.014%	$10.8M	$23.0M	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.08	+9.745%	$25K	$25K	12x	as long as short
GRVT QCOM_USDT_Perp	+0.0243%	8h	194.98	−0.049%	$6K	$215K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0306%	1h	195.06	−0.005%	$7.1M	$2.3M	10x	as long as short
Phoenix QCOM	+0.0410%	1h	194.98	−0.046%	$97K	$259K	10x	as long as short
edgeX QCOMUSDC	+0.0565%	4h	194.97	−0.052%	$81K	$266K	10x	as long as short