Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.029%

Price spread now: Gate against Polymarket Perps−0.010%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 3 days (all we have)+0.140%+$14 · spread now −0.010%, 7d avg +0.067%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.077% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps QCOM-USD	194.82	0.0116	pay 0.0015% / 1h	22m 28s	$89K	$1.4M	10x
Short	Gate QCOM_USDT	194.80	0	get 0.0000% / 8h	1h 22m	$4.4M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.010%Rate

Funding earned: −$24.39
Price spread: −0.010% → +0.067%: −$7.72
Slippage, 4 orders: −$16.63
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.74
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Gate: live order book, 6 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	0.26 bp	6.3 bp −$6	6.3 bp −$63	8.4 bp −$841	doesn't fit
Sell Gate live order book, 6 min ago	4.62 bp	13.9 bp −$14	37.2 bp −$372	76.1 bp −$7,610	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	194.66	−0.084%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.69	−0.067%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.80	−0.010%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDTshort	0.0000%	8h	194.80	−0.010%	$4.4M	$3.2M	50x
Bitget QCOMUSDT	0.0000%	8h	194.72	−0.051%	$1.3M	$1.2M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.61	−0.108%	$854	$5.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.84	+0.010%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.81	−0.005%	$1.6M	$982K	10x	as long as short
Variational Omni QCOM	+0.0010%	8h	194.69	−0.066%	$319K	$77K	—	as long as short
Lighter QCOM	+0.0032%	1h	194.64	−0.092%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX QCOM-USD	+0.0056%	1h	194.76	−0.031%	$1.2M	$2.9M	10x	as long as short
Extended QCOM-USD	+0.0088%	1h	194.77	−0.024%	$104K	$268K	10x	as long as short
Binance QCOMUSDT	+0.0095%	8h	194.82	0.000%	$10.8M	$23.1M	20x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.61	−0.108%	$317K	$518K	20x	as long as short
Polymarket Perps QCOM-USDlong	+0.0116%	1h	194.82	long leg	$89K	$1.4M	10x
BloFin QCOM-USDT	+0.0117%	8h	194.79	−0.015%	$126K	$50K	20x	as long as short
GRVT QCOM_USDT_Perp	+0.0165%	8h	194.70	−0.063%	$7K	$228K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	213.79	+9.737%	$25K	$25K	12x	as long as short
Phoenix QCOM	+0.0329%	1h	194.53	−0.149%	$97K	$259K	10x	as long as short
edgeX QCOMUSDC	+0.0383%	4h	194.69	−0.069%	$81K	$265K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0474%	1h	194.86	+0.021%	$7.1M	$2.3M	10x	as long as short