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Funding arb · Price arb /

QCOM

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h +0.037%
Price spread now: Binance against Polymarket Perps−0.021%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$340.338% of the position
Long on Polymarket PerpsShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.021%, 7d avg +0.040%
Together, before fees−0.016%−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.061% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps QCOM-USD193.730.0255pay 0.0032% / 1h49m 37s$78K$897K10x
ShortBinance QCOMUSDT193.690.0042get 0.0042% / 8h2h 49m$11.0M$23.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
−$44.73
Price spread: −0.021% → +0.040%
−$6.08
Slippage, 4 orders
−$15.8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$84.61
Costs to cover
0.338%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 43 min ago; Binance: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 43 min ago2.33 bp6.3 bp −$67.7 bp −$7710.3 bp −$1,030doesn't fit
Sell Binance live order book, 6 min ago1.03 bp10.6 bp −$1138.0 bp −$380176.0 bp −$17.6Kdoesn't fit

QCOM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget QCOMUSDT−0.0212%8h193.79+0.031%$1.3M$1.1M20xas long as short
Aster QCOMUSDT0.0000%8h193.57−0.085%$17K$11K20xas long as short
Bybit QCOMUSDT0.0000%8h193.78+0.026%$1.9M$2.2M25xas long as short
OKX QCOM-USDT-SWAP0.0000%8h193.69−0.021%$1.8M$3.7M20xas long as short
Gate QCOM_USDT0.0000%8h193.87+0.072%$4.4M$3.3M50xas long as short
Variational Omni QCOM0.0000%8h193.98+0.127%$307K$84K—as long as short
GRVT QCOM_USDT_Perp0.0000%8h193.99+0.137%$6K$186K10xas long as short
SunX QCOM-USDT0.0000%8h193.76+0.015%$632$4.5M10xas long as short
HTX QCOM-USDT0.0000%8h194.07+0.176%$9K$11K20xas long as short
Phemex QCOMUSDT0.0000%8h193.89+0.083%$1.6M$1.0M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter QCOM+0.0032%1h193.69−0.021%——10xas long as short
BloFin QCOM-USDT+0.0037%8h194.00+0.139%$129K$54K20xas long as short
Binance QCOMUSDTshort+0.0042%8h193.69−0.021%$11.0M$23.7M20x
Extended QCOM-USD+0.0048%1h193.76+0.016%$101K$472K10xas long as short
QFEX QCOM-USD+0.0058%1h193.78+0.026%$1.2M$3.2M10xas long as short
KuCoin QCOMUSDTM+0.0100%8h193.56−0.088%$316K$549K20xas long as short
Injective QCOM/USDC PERP+0.0220%1h212.60+9.740%$25K$25K12xas long as short
Polymarket Perps QCOM-USDlong+0.0255%1h193.73long leg$78K$897K10x
Phoenix QCOM+0.0496%1h194.01+0.145%$97K$239K10xas long as short
tradeXYZ xyz:QCOM+0.0729%1h193.95+0.114%$7.5M$2.6M10xas long as short
edgeX QCOMUSDC+0.0733%4h194.00+0.141%$80K$273K10xas long as short