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Funding arb · Price arb /

QCOM

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0215%/8h= −23.5% APRnext payment −$0.27 per $10,000 · paid last 24h −0.070%
Price spread now: Polymarket Perps against Phoenix+0.145%59s7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as 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−$570.566% of the position
Long on PhoenixShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.301%−$30 on $10k
Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.145%, 7d avg −0.057%
Together, before fees−0.419%−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.201% dearer against Phoenix than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of −0.057%): +$20 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.1 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix QCOM193.620.0450pay 0.0056% / 1h55m 52s$97K$239K10x
ShortPolymarket Perps QCOM-USD193.900.0236get 0.0029% / 1h55m 52s$78K$897K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phoenix. 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

Funding earned
−$45.13
Price spread: +0.145% → −0.057%
$20.13
Slippage, 4 orders
−$41.57
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$81.57
Costs to cover
0.566%
Break-even
never at this rate
Slippage from Phoenix: live order book, 54 min ago; Polymarket Perps: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 54 min ago7.71 bp22.0 bp −$2248.7 bp −$487doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 37 min ago2.33 bp6.3 bp −$68.4 bp −$8410.1 bp −$1,010doesn't fit

QCOM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX QCOMUSDC−0.0408%4h193.39−0.121%$80K$274K10xas long as short
Bitget QCOMUSDT−0.0228%8h193.92+0.155%$1.3M$1.1M20xas long as short
Aster QCOMUSDT0.0000%8h193.72+0.053%$17K$11K20xas long as short
Bybit QCOMUSDT0.0000%8h193.77+0.077%$1.9M$2.2M25xas long as short
OKX QCOM-USDT-SWAP0.0000%8h193.88+0.134%$1.8M$3.7M20xas long as short
Gate QCOM_USDT0.0000%8h193.90+0.145%$4.4M$3.3M50xas long as short
Variational Omni QCOM0.0000%8h193.88+0.132%$307K$84K—as long as short
GRVT QCOM_USDT_Perp0.0000%8h193.45−0.090%$6K$186K10xas long as short
SunX QCOM-USDT0.0000%8h193.66+0.021%$775$4.5M10xas long as short
HTX QCOM-USDT0.0000%8h193.63+0.005%$9K$11K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex QCOMUSDT0.0000%8h193.91+0.150%$1.6M$1.0M10xas long as short
BloFin QCOM-USDT+0.0029%8h193.55−0.036%$130K$54K20xas long as short
Lighter QCOM+0.0032%1h193.55−0.036%——10xas long as short
Binance QCOMUSDT+0.0047%8h193.88+0.134%$11.0M$23.7M20xas long as short
Extended QCOM-USD+0.0048%1h193.83+0.107%$101K$472K10xas long as short
QFEX QCOM-USD+0.0058%1h193.83+0.108%$1.2M$3.2M10xas long as short
KuCoin QCOMUSDTM+0.0100%8h193.52−0.052%$315K$549K20xas long as short
Injective QCOM/USDC PERP+0.0220%1h212.60+9.803%$25K$25K12xas long as short
Polymarket Perps QCOM-USDshort+0.0236%1h193.90+0.145%$78K$897K10x
Phoenix QCOMlong+0.0450%1h193.62long leg$97K$239K10x
tradeXYZ xyz:QCOM+0.0767%1h194.03+0.212%$7.5M$2.6M10xas long as short