Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: OKX against Polymarket Perps+0.010%57s7-day average +0.045% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.372% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.010%, 7d avg +0.045%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.035% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.045%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps QCOM-USD	192.84	0.0050	pay 0.0006% / 1h	30m 32s	$75K	$885K	10x
Short	OKX QCOM-USDT-SWAP	192.86	0	get 0.0000% / 8h	1h 30m	$1.8M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$10.5
Price spread: +0.010% → +0.045%: −$3.47
Slippage, 4 orders: −$19.2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$51.17
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 57 min ago; OKX: live order book, 2 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, 57 min ago	2.34 bp	6.3 bp −$6	7.5 bp −$75	9.5 bp −$949	doesn't fit
Sell OKX live order book, 2 min ago	1.56 bp	12.7 bp −$13	40.0 bp −$400	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
Bitget QCOMUSDT	−0.0387%	8h	192.79	−0.026%	$1.3M	$1.2M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	192.71	−0.067%	$17K	$11K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	192.81	−0.015%	$101K	$477K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	192.82	−0.010%	$10.8M	$24.5M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	192.70	−0.073%	$1.7M	$2.3M	25x	as long as short
OKX QCOM-USDT-SWAPshort	0.0000%	8h	192.86	+0.010%	$1.8M	$3.8M	20x
Gate QCOM_USDT	0.0000%	8h	192.83	−0.005%	$4.4M	$3.5M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	192.83	−0.007%	$305K	$117K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	192.80	−0.020%	$6K	$182K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	192.62	−0.114%	$701	$4.5M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QCOM-USDT	0.0000%	8h	192.86	+0.010%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	192.86	+0.010%	$1.6M	$1.1M	10x	as long as short
BloFin QCOM-USDT	+0.0023%	8h	192.80	−0.021%	$130K	$54K	20x	as long as short
Lighter QCOM	+0.0032%	1h	192.71	−0.067%	—	—	10x	as long as short
Polymarket Perps QCOM-USDlong	+0.0050%	1h	192.84	long leg	$75K	$885K	10x
QFEX QCOM-USD	+0.0051%	1h	192.75	−0.047%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	192.47	−0.192%	$320K	$569K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	211.82	+9.842%	$25K	$25K	12x	as long as short
tradeXYZ xyz:QCOM	+0.0459%	1h	192.94	+0.052%	$7.6M	$2.8M	10x	as long as short
Phoenix QCOM	+0.0496%	1h	192.80	−0.021%	$96K	$239K	10x	as long as short
edgeX QCOMUSDC	+0.0982%	4h	192.77	−0.037%	$79K	$274K	10x	as long as short