Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004616 | −0.0650 | get 0.0650% / 8h | 6h 57m | $2.3M | $7.9M | 50x | Long Phemex | |
| SHORT | 0.000004603 | +0.0100 | get 0.0013% / 1h | 57m 04s | $242K | $868K | 10x | Short Polymarket Perps |
Price gap−0.275%
Funding gap+0.0750% /8h
Funding pays +$22 a day on $10k, but the gap is 0.199% under its 7d average: −$20 if it goes back, about 21 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$14+0.0750% /8h now · paid −0.140% over the last 7D
Price−$20spread −0.275% now, avg −0.076% → −0.199% if it goes back
Costs−$770.774% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.140% in total, about −0.0067%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.275%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPEPE on 39 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size27.5 / 15.2 bpAt $10k entering Phemex costs 27.5 bp, fee and slippage, 1.8× Polymarket Perps’s.
- Note: Margin at max leverage$200 + $1,000Phemex 50x, Polymarket Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$22.49Long Phemex: 3 payments, +$19.49; short Polymarket Perps: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.275% vs −0.076%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$242K vs $2.3M OIPolymarket Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · Polymarket Perps NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0067%/8h × 21 periods−$13.97
Price spread−0.275% → −0.076% (7d avg)−$19.92
Slippage, 4 orderslive order books−$57.39
Fee Phemex bp × 2 orders−$12.00
Fee Polymarket Perps bp × 2 orders−$8.00
Net · 7 days · $10k−$111.27
Costs to cover0.774%Break-evennever at this rate
Slippage: Phemex: live order book, 5 min ago; Polymarket Perps: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex6.5327.5 bp−$2772.4 bp−$724142.5 bp−$14.2Kdoesn’t fit
SELL · SHORTPolymarket Perps11.2015.2 bp−$1528.8 bp−$288doesn’t fitdoesn’t fit
Closing costs about the same again.
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