Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h +0.037%

Price spread now: Binance against Polymarket Perps+0.042%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.042%, 7d avg +0.039%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps QCOM-USD	192.42	0.0251	pay 0.0031% / 1h	18m 20s	$75K	$889K	10x
Short	Binance QCOMUSDT	192.50	0.0019	get 0.0019% / 8h	2h 18m	$10.9M	$24.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now +0.042%Rate

Funding earned: −$48.79
Price spread: +0.042% → +0.039%: $0.22
Slippage, 4 orders: −$23.01
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.57
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 10 min ago; Binance: live order book, 8 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 Polymarket Perps live order book, 10 min ago	2.34 bp	6.3 bp −$6	7.5 bp −$75	9.5 bp −$949	doesn't fit
Sell Binance live order book, 8 min ago	0.78 bp	13.2 bp −$13	35.3 bp −$353	127.4 bp −$12.7K	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
Bitget QCOMUSDT	−0.0459%	8h	192.35	−0.036%	$1.3M	$1.2M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	192.77	+0.180%	$17K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	192.50	+0.042%	$1.7M	$2.4M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	192.54	+0.062%	$1.8M	$3.8M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	192.46	+0.021%	$4.4M	$3.5M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	192.04	−0.199%	$304K	$84K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	192.16	−0.137%	$6K	$185K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	192.09	−0.171%	$818	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	192.29	−0.068%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	192.53	+0.057%	$1.6M	$1.1M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QCOM-USDT	+0.0015%	8h	192.22	−0.104%	$129K	$54K	20x	as long as short
Extended QCOM-USD	+0.0016%	1h	192.35	−0.036%	$101K	$474K	10x	as long as short
Binance QCOMUSDTshort	+0.0019%	8h	192.50	+0.042%	$10.9M	$24.2M	20x
Lighter QCOM	+0.0032%	1h	192.00	−0.218%	—	—	10x	as long as short
QFEX QCOM-USD	+0.0058%	1h	192.22	−0.104%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	192.05	−0.192%	$319K	$553K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	212.38	+10.373%	$25K	$25K	12x	as long as short
Polymarket Perps QCOM-USDlong	+0.0251%	1h	192.42	long leg	$75K	$889K	10x
Phoenix QCOM	+0.0496%	1h	192.35	−0.036%	$96K	$239K	10x	as long as short
edgeX QCOMUSDC	+0.0559%	4h	192.07	−0.181%	$79K	$273K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0691%	1h	192.43	+0.005%	$7.5M	$2.7M	10x	as long as short