Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 41.717 | +0.0050 | pay 0.0006% / 1h | 7m 47s | $295K | $1.6M | 10x | Long Polymarket Perps | |
| SHORT | 41.615 | 0 | 0.0000% / 8h | 7m 47s | $1.8M | $12.1M | 10x | Short Phemex |
Price gap−0.245%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.342% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$34−0.0050% /8h now · paid −0.342% over the last 7D
Price−$34spread −0.245% now, avg +0.097% → −0.342% if it goes back
Costs−$360.365% of $10k · taker + slippage, in and out
Result−$105−1.05%no points
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−0.245%
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
/8hDRAM on 37 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books7.2 / 9.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $1,000Polymarket Perps 10x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.50Long Polymarket Perps: 24 payments, −$1.50; short Phemex: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.245% vs +0.097%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$295K vs $1.8M OIPolymarket Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPolymarket Perps No · Phemex YesKYC 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−0.0163%/8h × 21 periods−$34.18
Price spread−0.245% → +0.097% (7d avg)−$34.19
Slippage, 4 orderslive order books−$16.45
Fee Polymarket Perps bp × 2 orders−$8.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$104.82
Costs to cover0.365%Break-evennever at this rate
Slippage: Polymarket Perps: live order book, 2 min ago; Phemex: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPolymarket Perps2.047.2 bp−$77.9 bp−$799.5 bp−$950doesn’t fit
SELL · SHORTPhemex2.419.9 bp−$1022.3 bp−$223doesn’t fitdoesn’t fit
Closing costs about the same again.
DRAM news
posts that mention DRAM, from every exchange| 11-04 19:06 | Ondo Perps | Other | Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗ |
| 10-27 13:21 | Ondo Perps | Other | Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗ |
| 10-22 01:30 | Kalshi | Other | FUN FACT: Micron has increased the amount of DRAM produced per wafer by about 400x over the past 30 years @Kalshi on X ↗ |
| 10-18 00:45 | Arcus | Other | This weekend, memory stocks swept ~7% in minutes on perp markets, on no news, then bounced most of the way back. On Arcus, price bands held the move. Outside regular trading hours, perps trading and the mark price are constrained to a range around the last regular-hours price. The range widens only if sustained pressure builds - so a flash wick in thin weekend liquidity can't instantly mark positions down. The result on Saturday: 44.4k orders were rejected at the band floor, and 98% of open positions on SKHY, SNDK, MU, DRAM, CRWV, and BE made it through the wick without being liquidated. Price bands don't make liquidation impossible - a real, sustained move will still move the mark. They exist so you aren't liquidated by ten minutes of thin liquidity. How off-hours protection works: @arcus_xyz on X ↗ |
| 10-18 00:40 | Arcus | Other | This weekend, AI infrastructure stocks swept ~7% in minutes on perp markets, on no news, then bounced most of the way back. On Arcus, price bands held the move. Outside regular trading hours, perps trading and the mark price are constrained to a range around the last regular-hours price. The range widens only if sustained pressure builds - so a flash wick in thin weekend liquidity can't instantly mark positions down. The result on Saturday: 44.4k orders were rejected at the band floor, and 98% of open positions on SKHY, SNDK, MU, DRAM, CRWV, and BE made it through without being liquidated. Price bands don't make liquidation impossible - a real, sustained move will still move the mark. They exist so you aren't liquidated by ten minutes of thin liquidity. How off-hours protection works: @arcus_xyz on X ↗ |
| 10-16 15:31 | Vest Markets | Other | US-listed memory shares are extending a week-long selloff, with $SKHY down around 5% on the session. Over $700 billion in global memory-chip market value has been erased since October 10, when China's CXMT detailed a denser 4F2 DRAM design. Goldman flagged $SKHY and Samsung today as attractive risk/reward, arguing the market overestimated China's tech gap. @VestExchange on X ↗ |
Ondo Perps
Kalshi
Arcus
Vest Markets