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 −0.031%

Price spread now: GRVT against Polymarket Perps−0.008%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.105%+$10 · spread now −0.008%, 7d avg +0.066%

Together, before fees+0.119%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.074% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.066%). If the spread goes back, that is −$7 on $10k: about 4.9 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.014% in total) that is about 38 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps QCOM-USD	194.60	0.0058	pay 0.0007% / 1h	33m 06s	$89K	$1.4M	10x
Short	GRVT QCOM_USDT_Perp	194.58	0.0108	get 0.0108% / 8h	1h 33m	$6K	$228K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.008%Rate

Funding earned: $10.52
Price spread: −0.008% → +0.066%: −$7.41
Slippage, 4 orders: −$31.21
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$45.1
Costs to cover: 0.482%
Break-even: 37.0 days

Slippage from Polymarket Perps: live order book, 5 min ago; GRVT: live order book, 49 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, 5 min ago	0.77 bp	4.8 bp −$5	6.5 bp −$65	9.4 bp −$936	doesn't fit
Sell GRVT live order book, 49 min ago	2.32 bp	25.4 bp −$25	doesn't fit	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	194.43	−0.087%	$17K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.69	+0.046%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.70	+0.051%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.68	+0.041%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.66	+0.031%	$1.3M	$1.2M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	194.67	+0.035%	$319K	$76K	—	as long as short
SunX QCOM-USDT	0.0000%	8h	194.48	−0.062%	$599	$5.0M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	194.22	−0.195%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.69	+0.046%	$1.6M	$982K	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.33	−0.139%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended QCOM-USD	+0.0032%	1h	194.65	+0.025%	$104K	$268K	10x	as long as short
Binance QCOMUSDT	+0.0033%	8h	194.68	+0.043%	$10.8M	$23.1M	20x	as long as short
BloFin QCOM-USDT	+0.0046%	8h	194.72	+0.062%	$125K	$50K	20x	as long as short
QFEX QCOM-USD	+0.0056%	1h	194.65	+0.026%	$1.2M	$2.9M	10x	as long as short
Polymarket Perps QCOM-USDlong	+0.0058%	1h	194.60	long leg	$89K	$1.4M	10x
KuCoin QCOMUSDTM	+0.0100%	8h	194.41	−0.098%	$317K	$522K	20x	as long as short
GRVT QCOM_USDT_Perpshort	+0.0108%	8h	194.58	−0.008%	$6K	$228K	10x
Injective QCOM/USDC PERP	+0.0220%	1h	213.79	+9.861%	$25K	$25K	12x	as long as short
Phoenix QCOM	+0.0329%	1h	194.50	−0.051%	$97K	$259K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0450%	1h	194.62	+0.010%	$7.1M	$2.3M	10x	as long as short
edgeX QCOMUSDC	+0.0944%	4h	194.62	+0.012%	$81K	$266K	10x	as long as short