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 +0.035%

Price spread now: Polymarket Perps against Phemex0.000%7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$720.719% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now 0.000%, 7d avg −0.061%

Together, before fees+0.047%+$5 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 0.061% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QCOMUSDT	192.65	0	get 0.0000% / 8h	1h 41m	$1.6M	$1.1M	10x
Short	Polymarket Perps QCOM-USD	192.65	0.0050	get 0.0006% / 1h	41m 42s	$75K	$885K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phemex. 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 PhemexbpFee Polymarket PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: $10.5
Price spread: 0.000% → −0.061%: $6.09
Slippage, 4 orders: −$51.88
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$55.29
Costs to cover: 0.719%
Break-even: 43.9 days

Slippage from Phemex: live order book, 1 min ago; Polymarket Perps: live order book, 46 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 Phemex live order book, 1 min ago	2.60 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 46 min ago	2.34 bp	6.3 bp −$6	9.3 bp −$93	11.4 bp −$1,136	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	−0.0409%	8h	192.72	+0.036%	$1.3M	$1.2M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	192.65	0.000%	$17K	$11K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	192.60	−0.023%	$101K	$477K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	192.65	0.000%	$10.8M	$24.5M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	192.69	+0.021%	$1.7M	$2.3M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	192.60	−0.026%	$1.8M	$3.8M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	192.67	+0.010%	$4.4M	$3.5M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	192.66	+0.006%	$322K	$100K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	192.73	+0.042%	$6K	$183K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	192.53	−0.062%	$1K	$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	192.78	+0.067%	$9K	$11K	20x	as long as short
Phemex QCOMUSDTlong	0.0000%	8h	192.65	long leg	$1.6M	$1.1M	10x
BloFin QCOM-USDT	+0.0007%	8h	192.66	+0.005%	$130K	$54K	20x	as long as short
Lighter QCOM	+0.0032%	1h	192.53	−0.062%	—	—	10x	as long as short
Polymarket Perps QCOM-USDshort	+0.0050%	1h	192.65	0.000%	$75K	$885K	10x
QFEX QCOM-USD	+0.0051%	1h	192.61	−0.021%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	192.43	−0.114%	$320K	$573K	20x	as long as short
edgeX QCOMUSDC	+0.0133%	4h	192.65	−0.002%	$79K	$275K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	212.24	+10.169%	$25K	$25K	12x	as long as short
tradeXYZ xyz:QCOM	+0.0463%	1h	192.78	+0.067%	$7.6M	$2.7M	10x	as long as short
Phoenix QCOM	+0.0496%	1h	192.68	+0.016%	$96K	$239K	10x	as long as short