Funding arb · Price arb /

QCOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0050%/8hpaid last 24h +0.001%

Price spread now: Polymarket Perps against KuCoin+0.098%49s7-day average +0.008% · you sell dearer than you buy

to open and close $10k−$255fees + slippage, both legs, in and out

costs, in % of the position2.555%what the two incomes have to cover

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.098%, 7d avg +0.008%

Together, before fees−0.193%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.090% dearer against KuCoin than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.008%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.0 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin QCOMUSDTM	194.03	0.0100	pay 0.0100% / 8h	4h 49m	$315K	$517K	20x
Short	Polymarket Perps QCOM-USD	194.22	0.0050	get 0.0006% / 1h	49m 39s	$84K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$10.5
Price spread: +0.098% → +0.008%: $9.04
Slippage, 4 orders: −$235.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$256.95
Costs to cover: 2.555%
Break-even: never at this rate

Slippage from KuCoin: live order book, 40 min ago; Polymarket Perps: live order book, 3 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 KuCoin live order book, 40 min ago	20.46 bp	172.5 bp −$173	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.32 bp	6.3 bp −$6	7.4 bp −$74	9.6 bp −$963	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
Aster QCOMUSDT	0.0000%	8h	194.12	+0.046%	$16K	$9K	20x	as long as short
Extended QCOM-USD	0.0000%	1h	194.18	+0.075%	$104K	$268K	10x	as long as short
Binance QCOMUSDT	0.0000%	8h	194.19	+0.085%	$10.8M	$21.5M	20x	as long as short
Bybit QCOMUSDT	0.0000%	8h	194.13	+0.052%	$1.9M	$1.9M	25x	as long as short
OKX QCOM-USDT-SWAP	0.0000%	8h	194.13	+0.052%	$1.8M	$3.4M	20x	as long as short
Gate QCOM_USDT	0.0000%	8h	194.17	+0.072%	$4.4M	$3.0M	50x	as long as short
Bitget QCOMUSDT	0.0000%	8h	194.19	+0.082%	$1.3M	$1.2M	20x	as long as short
Variational Omni QCOM	0.0000%	8h	194.23	+0.102%	$279K	$36K	—	as long as short
GRVT QCOM_USDT_Perp	0.0000%	8h	194.09	+0.030%	$6K	$227K	10x	as long as short
SunX QCOM-USDT	0.0000%	8h	194.12	+0.046%	$864	$5.0M	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	194.36	+0.170%	$10K	$10K	20x	as long as short
Phemex QCOMUSDT	0.0000%	8h	194.23	+0.103%	$1.6M	$874K	10x	as long as short
BloFin QCOM-USDT	+0.0017%	8h	194.11	+0.041%	$129K	$46K	20x	as long as short
QFEX QCOM-USD	+0.0022%	1h	194.14	+0.057%	$1.2M	$2.6M	10x	as long as short
Lighter QCOM	+0.0032%	1h	194.10	+0.036%	—	—	10x	as long as short
Polymarket Perps QCOM-USDshort	+0.0050%	1h	194.22	+0.098%	$84K	$1.2M	10x
KuCoin QCOMUSDTMlong	+0.0100%	8h	194.03	long leg	$315K	$517K	20x
Injective QCOM/USDC PERP	+0.0220%	1h	213.50	+10.035%	$25K	$25K	12x	as long as short
tradeXYZ xyz:QCOM	+0.0234%	1h	194.22	+0.098%	$7.3M	$2.1M	10x	as long as short
Phoenix QCOM	+0.0330%	1h	194.06	+0.015%	$97K	$254K	10x	as long as short
edgeX QCOMUSDC	+0.0996%	4h	193.99	−0.020%	$80K	$261K	10x	as long as short