Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

QCOM

RWAall QCOM markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC+0.0446%/8h= +48.9% APRnext payment +$0.56 per $10,000 · paid last 24h +0.069%
Price spread now: Phoenix against Polymarket Perps+0.088%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$560.564% of the position
Long on Polymarket PerpsShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.304%+$30 on $10k
Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.088%, 7d avg +0.056%
Together, before fees+0.208%+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.032% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.056%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.304% in total (about 15.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.56 per $10,000. 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-USD192.950.0050pay 0.0006% / 1h24m 42s$76K$885K10x
ShortPhoenix QCOM193.120.0496get 0.0062% / 1h24m 42s$97K$239K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
$93.75
Price spread: +0.088% → +0.056%
$3.22
Slippage, 4 orders
−$41.38
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$40.59
Costs to cover
0.564%
Break-even
4.0 days
Slippage from Polymarket Perps: live order book, 63 min ago; Phoenix: live order book, 16 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, 63 min ago2.34 bp6.3 bp −$67.5 bp −$759.5 bp −$949doesn't fit
Sell Phoenix live order book, 16 min ago7.78 bp21.9 bp −$2248.7 bp −$487doesn't fitdoesn'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
edgeX QCOMUSDC−0.0447%4h192.85−0.053%$79K$273K10xas long as short
Bitget QCOMUSDT−0.0373%8h192.93−0.010%$1.3M$1.2M20xas long as short
Aster QCOMUSDT0.0000%8h192.77−0.093%$17K$11K20xas long as short
Extended QCOM-USD0.0000%1h192.81−0.070%$101K$477K10xas long as short
Binance QCOMUSDT0.0000%8h192.86−0.044%$10.8M$24.5M20xas long as short
Bybit QCOMUSDT0.0000%8h192.85−0.052%$1.7M$2.3M25xas long as short
OKX QCOM-USDT-SWAP0.0000%8h192.950.000%$1.8M$3.8M20xas long as short
Gate QCOM_USDT0.0000%8h192.87−0.041%$4.4M$3.5M50xas long as short
Variational Omni QCOM0.0000%8h192.97+0.008%$306K$117K—as long as short
GRVT QCOM_USDT_Perp0.0000%8h192.84−0.058%$6K$182K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QCOM-USDT0.0000%8h192.80−0.078%$694$4.5M10xas long as short
HTX QCOM-USDT0.0000%8h193.03+0.041%$9K$11K20xas long as short
Phemex QCOMUSDT0.0000%8h192.96+0.005%$1.6M$1.1M10xas long as short
BloFin QCOM-USDT+0.0009%8h192.92−0.016%$129K$54K20xas long as short
Lighter QCOM+0.0032%1h192.85−0.052%——10xas long as short
Polymarket Perps QCOM-USDlong+0.0050%1h192.95long leg$76K$885K10x
QFEX QCOM-USD+0.0051%1h192.81−0.073%$1.2M$3.2M10xas long as short
KuCoin QCOMUSDTM+0.0100%8h192.55−0.207%$320K$566K20xas long as short
Injective QCOM/USDC PERP+0.0220%1h211.82+9.780%$25K$25K12xas long as short
tradeXYZ xyz:QCOM+0.0479%1h193.03+0.041%$7.6M$2.7M10xas long as short
Phoenix QCOMshort+0.0496%1h193.12+0.088%$97K$239K10x