Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.012%

Price spread now: Polymarket Perps against Bybit+0.118%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$880.881% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 3 days (all we have)−0.144%−$14 · spread now +0.118%, 7d avg −0.030%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.148% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit QCOMUSDT	195.06	0	get 0.0000% / 8h	43m 56s	$1.9M	$1.9M	25x
Short	Polymarket Perps QCOM-USD	195.29	0.0050	get 0.0006% / 1h	43m 56s	$85K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.118%Rate

Funding earned: $10.5
Price spread: +0.118% → −0.030%: $14.83
Slippage, 4 orders: −$69.14
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$62.82
Costs to cover: 0.881%
Break-even: 48.9 days

Slippage from Bybit: live order book, 3 min ago; Polymarket Perps: live order book, 4 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 Bybit live order book, 3 min ago	3.84 bp	31.5 bp −$31	101.7 bp −$1,017	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.31 bp	6.3 bp −$6	7.4 bp −$74	9.4 bp −$938	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
edgeX QCOMUSDC	−0.0716%	4h	194.99	−0.036%	$81K	$267K	10x	as long as short
Aster QCOMUSDT	0.0000%	8h	195.10	+0.020%	$18K	$11K	20x	as long as short
Bybit QCOMUSDTlong	0.0000%	8h	195.06	long leg	$1.9M	$1.9M	25x
OKX QCOM-USDT-SWAP	0.0000%	8h	195.33	+0.138%	$1.7M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	195.26	+0.103%	$4.4M	$3.2M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	195.15	+0.046%	$1.3M	$1.1M	20x	as long as short
SunX QCOM-USDT	0.0000%	8h	195.05	−0.005%	$862	$4.9M	10x	as long as short
HTX QCOM-USDT	0.0000%	8h	195.24	+0.092%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	195.25	+0.097%	$1.6M	$969K	10x	as long as short
Lighter QCOM	+0.0032%	1h	195.22	+0.082%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps QCOM-USDshort	+0.0050%	1h	195.29	+0.118%	$85K	$1.4M	10x
QFEX QCOM-USD	+0.0052%	1h	195.25	+0.097%	$1.2M	$2.9M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	195.08	+0.010%	$319K	$512K	20x	as long as short
Variational Omni QCOM	+0.0157%	8h	195.11	+0.023%	$320K	$77K	—	as long as short
Extended QCOM-USD	+0.0216%	1h	195.04	−0.012%	$105K	$268K	10x	as long as short
Binance QCOMUSDT	+0.0219%	8h	195.08	+0.012%	$10.8M	$23.0M	20x	as long as short
BloFin QCOM-USDT	+0.0220%	8h	195.14	+0.041%	$125K	$50K	20x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	214.08	+9.751%	$25K	$25K	12x	as long as short
GRVT QCOM_USDT_Perp	+0.0251%	8h	194.96	−0.051%	$6K	$215K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0304%	1h	195.17	+0.056%	$7.1M	$2.2M	10x	as long as short
Phoenix QCOM	+0.0410%	1h	195.15	+0.046%	$98K	$259K	10x	as long as short