Funding arb · Price arb /

QCOM

RWAall QCOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0223%/8h= −24.5% APRpaid last 24h −0.032%

Price spread now: SunX against Polymarket Perps−0.140%7-day average +0.006% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.140%, 7d avg +0.006%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 0.147% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps QCOM-USD	192.30	0.0223	pay 0.0028% / 1h	26m 21s	$75K	$889K	10x
Short	SunX QCOM-USDT	192.03	0	get 0.0000% / 8h	2h 26m	$833	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$46.91
Price spread: −0.140% → +0.006%: −$14.65
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$77.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 2 min ago; SunX: live order book, 12 min ago. Net counts fees only.

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, 2 min ago	2.34 bp	6.3 bp −$6	7.5 bp −$75	9.5 bp −$949	doesn't fit
Sell SunX live order book, 12 min ago	253.20 bp	doesn't fit	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
Bitget QCOMUSDT	−0.0342%	8h	192.26	−0.021%	$1.3M	$1.1M	20x	as long as short
Aster QCOMUSDT	0.0000%	8h	192.43	+0.069%	$17K	$11K	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	192.27	−0.016%	$1.7M	$2.4M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	192.27	−0.016%	$1.8M	$3.7M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	192.29	−0.005%	$4.4M	$3.4M	50x	as long as short
Variational Omni QCOM	0.0000%	8h	192.44	+0.073%	$304K	$84K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	192.55	+0.129%	$6K	$185K	10x	as long as short
SunX QCOM-USDTshort	0.0000%	8h	192.03	−0.140%	$833	$4.5M	10x
HTX QCOM-USDT	0.0000%	8h	192.91	+0.317%	$9K	$11K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	192.29	−0.005%	$1.6M	$1.1M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended QCOM-USD	+0.0016%	1h	192.18	−0.061%	$101K	$474K	10x	as long as short
Binance QCOMUSDT	+0.0017%	8h	192.24	−0.029%	$10.9M	$24.0M	20x	as long as short
Lighter QCOM	+0.0032%	1h	191.96	−0.177%	—	—	10x	as long as short
BloFin QCOM-USDT	+0.0037%	8h	192.33	+0.016%	$129K	$54K	20x	as long as short
QFEX QCOM-USD	+0.0058%	1h	192.15	−0.078%	$1.2M	$3.2M	10x	as long as short
KuCoin QCOMUSDTM	+0.0100%	8h	192.09	−0.109%	$316K	$551K	20x	as long as short
edgeX QCOMUSDC	+0.0168%	4h	192.58	+0.146%	$79K	$272K	10x	as long as short
Injective QCOM/USDC PERP	+0.0220%	1h	212.38	+10.442%	$25K	$25K	12x	as long as short
Polymarket Perps QCOM-USDlong	+0.0223%	1h	192.30	long leg	$75K	$889K	10x
Phoenix QCOM	+0.0496%	1h	192.59	+0.151%	$96K	$239K	10x	as long as short
tradeXYZ xyz:QCOM	+0.0675%	1h	192.33	+0.016%	$7.5M	$2.7M	10x	as long as short