Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0029%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h —

Price spread now: Lighter against Polymarket Perps−0.139%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.139% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps QCOM-USD	194.86	0.0061	pay 0.0008% / 1h	54m 27s	$83K	$894K	10x
Short	Lighter QCOM	194.59	0.0032	get 0.0004% / 1h	54m 27s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$6
Price spread: −0.139% → 0.000%: −$13.86
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27.85
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 44 min ago; Lighter: no order-book sample. Net counts fees only.

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, 44 min ago	1.53 bp	5.5 bp −$6	5.5 bp −$55	9.5 bp −$950	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	195.00	+0.072%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.73	−0.067%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.86	0.000%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.93	+0.036%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.91	+0.026%	$1.3M	$1.1M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	195.00	+0.070%	$317K	$78K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.19	+0.171%	$6K	$189K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.75	−0.056%	$798	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.10	+0.123%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.87	+0.005%	$1.6M	$991K	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	+0.0029%	1h	194.80	−0.031%	$1.2M	$3.2M	10x	as long as short
Lighter QCOMshort	+0.0032%	1h	194.59	−0.139%	—	—	10x
BloFin QCOM-USDT	+0.0035%	8h	195.07	+0.108%	$128K	$54K	20x	as long as short
Extended QCOM-USD	+0.0056%	1h	194.83	−0.018%	$102K	$421K	10x	as long as short
Binance QCOMUSDT	+0.0058%	8h	194.86	0.000%	$11.1M	$22.8M	20x	as long as short
Polymarket Perps QCOM-USDlong	+0.0061%	1h	194.86	long leg	$83K	$894K	10x
KuCoin QCOMUSDTM	+0.0100%	8h	194.79	−0.036%	$317K	$514K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.75	+10.207%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0448%	1h	195.58	+0.369%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0610%	1h	195.01	+0.077%	$7.5M	$2.4M	10x	as long as short
edgeX QCOMUSDC	+0.0736%	4h	195.21	+0.177%	$80K	$271K	10x	as long as short