Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: Bybit against Polymarket Perps+0.051%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$780.783% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.051%, 7d avg +0.031%

Together, before fees−0.136%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.020% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.031%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps QCOM-USD	194.52	0.0050	pay 0.0006% / 1h	37m 51s	$94K	$1.3M	10x
Short	Bybit QCOMUSDT	194.62	0	get 0.0000% / 8h	1h 37m	$1.9M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$10.5
Price spread: +0.051% → +0.031%: $2.02
Slippage, 4 orders: −$59.29
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$86.76
Costs to cover: 0.783%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Bybit: live order book, 4 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, 1 min ago	0.77 bp	4.8 bp −$5	6.5 bp −$65	9.4 bp −$936	doesn't fit
Sell Bybit live order book, 4 min ago	2.57 bp	42.1 bp −$42	128.0 bp −$1,280	doesn't fit	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	194.42	−0.050%	$17K	$11K	20x	as long as short
Bybit QCOMUSDTshort	0.0000%	8h	194.62	+0.051%	$1.9M	$1.9M	25x
OKX QCOM-USDT-SWAP	0.0000%	8h	194.65	+0.067%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.64	+0.062%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.64	+0.062%	$1.3M	$1.2M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	194.56	+0.019%	$319K	$76K	—	as long as short
SunX QCOM-USDT	0.0000%	8h	194.39	−0.067%	$605	$5.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.69	+0.087%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.66	+0.072%	$1.6M	$981K	10x	as long as short
Extended QCOM-USD	+0.0008%	1h	194.62	+0.053%	$104K	$268K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance QCOMUSDT	+0.0009%	8h	194.66	+0.072%	$10.8M	$23.1M	20x	as long as short
BloFin QCOM-USDT	+0.0017%	8h	194.52	0.000%	$125K	$50K	20x	as long as short
Lighter QCOM	+0.0032%	1h	194.32	−0.103%	—	—	10x	as long as short
Polymarket Perps QCOM-USDlong	+0.0050%	1h	194.52	long leg	$94K	$1.3M	10x
QFEX QCOM-USD	+0.0056%	1h	194.57	+0.026%	$1.2M	$2.9M	10x	as long as short
edgeX QCOMUSDC	+0.0066%	4h	194.53	+0.006%	$81K	$265K	10x	as long as short
GRVT QCOM_USDT_Perp	+0.0079%	8h	194.54	+0.011%	$6K	$228K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.38	−0.072%	$317K	$523K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	213.74	+9.881%	$25K	$25K	12x	as long as short
Phoenix QCOM	+0.0329%	1h	194.55	+0.015%	$97K	$259K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0418%	1h	194.58	+0.031%	$7.1M	$2.3M	10x	as long as short