Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.030%

Price spread now: Phemex against Polymarket Perps−0.010%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$730.726% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.010%, 7d avg +0.063%

Together, before fees+0.036%+$4 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 Phemex is 0.074% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps QCOM-USD	194.79	0.0059	pay 0.0007% / 1h	52m 02s	$83K	$894K	10x
Short	Phemex QCOMUSDT	194.77	0	get 0.0000% / 8h	3h 52m	$1.6M	$992K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$12.48
Price spread: −0.010% → +0.063%: −$7.37
Slippage, 4 orders: −$52.63
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$92.48
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 46 min ago; Phemex: live order book, 1 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, 46 min ago	1.53 bp	5.5 bp −$6	5.5 bp −$55	9.5 bp −$950	doesn't fit
Sell Phemex live order book, 1 min ago	3.85 bp	25.3 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	194.71	−0.043%	$18K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.49	−0.154%	$2.5M	$1.8M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.65	−0.072%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.81	+0.010%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.80	+0.005%	$1.3M	$1.1M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	195.00	+0.106%	$317K	$78K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	195.19	+0.207%	$6K	$189K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.64	−0.077%	$720	$4.5M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.10	+0.159%	$10K	$10K	20x	as long as short
Phemex QCOMUSDTshort	0.0000%	8h	194.77	−0.010%	$1.6M	$992K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX QCOM-USD	+0.0029%	1h	194.74	−0.026%	$1.2M	$3.2M	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.59	−0.103%	—	—	10x	as long as short
Extended QCOM-USD	+0.0048%	1h	194.62	−0.088%	$102K	$421K	10x	as long as short
Binance QCOMUSDT	+0.0052%	8h	194.56	−0.119%	$11.1M	$22.8M	20x	as long as short
Polymarket Perps QCOM-USDlong	+0.0059%	1h	194.79	long leg	$83K	$894K	10x
BloFin QCOM-USDT	+0.0062%	8h	195.07	+0.144%	$128K	$54K	20x	as long as short
edgeX QCOMUSDC	+0.0062%	4h	194.89	+0.051%	$80K	$272K	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	194.72	−0.036%	$317K	$515K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.75	+10.247%	$26K	$25K	12x	as long as short
Phoenix QCOM	+0.0450%	1h	195.58	+0.406%	$98K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0602%	1h	194.84	+0.026%	$7.5M	$2.4M	10x	as long as short