Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004602 | +0.0100 | pay 0.0013% / 1h | 58m 28s | $242K | $868K | 10x | Long Polymarket Perps | |
| SHORT | 0.000004599 | +0.0281 | get 0.0035% / 1h | 58m 28s | $47K | $276K | 10x | Short Phoenix |
Price gap−0.065%60s
Funding gap+0.0181% /8h
Funding pays +$5 a day on $10k, but the gap is 0.171% under its 7d average: −$17 if it goes back, about 3.1 days of funding. At the last 7 days' pace that is about 6.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$18+0.0181% /8h now · paid +0.183% over the last 7D
Price—spread −0.065%60s now · prices read too far apart to compare
Costs−$800.797% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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−0.065%
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
2 ok · 3 to watch- Watch: Thin at this size15.2 / 24.7 bpAt $10k entering Phoenix costs 24.7 bp, fee and slippage, 1.6× Polymarket Perps’s.
- Note: Margin at max leverage$1,000 + $1,000Polymarket Perps 10x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$5.43Long Polymarket Perps: 24 payments, −$3.00; short Phoenix: 24 payments, +$8.43.
- Watch: Prices read 60 s apart−0.065% vs +0.106%Part of this gap may be the market moving.
- Watch: Short leg is thinner$47K vs $242K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPolymarket Perps No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0087%/8h × 21 periods+$18.29
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$64.69
Fee Polymarket Perps bp × 2 orders−$8.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$61.39
price spread not counted: prices read too far apartCosts to cover0.797%Break-even30.5 days
Slippage: Polymarket Perps: live order book, 23 min ago; Phoenix: live order book, 53 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPolymarket Perps11.2015.2 bp−$1535.4 bp−$354doesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.2124.7 bp−$2583.7 bp−$837doesn’t fitdoesn’t fit
Closing costs about the same again.
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