Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.026%

Price spread now: Polymarket Perps against Phemex−0.050%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1031.034% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.050%, 7d avg −0.028%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.022% cheaper against Phemex than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.028%). If the spread goes back, that is −$2 on $10k: about 36 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	120.34	0	get 0.0000% / 8h	2h 33m	$1.7M	$50K	10x
Short	Polymarket Perps INTC-USD	120.28	0.0050	get 0.0006% / 1h	33m 44s	$207K	$498K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phemex. 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 PhemexbpFee Polymarket PerpsbpOrdersPrice spread, now −0.050%Rate

Funding earned: $10.5
Price spread: −0.050% → −0.028%: −$2.23
Slippage, 4 orders: −$83.37
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$95.1
Costs to cover: 1.034%
Break-even: 70.4 days

Slippage from Phemex: live order book, 4 min ago; Polymarket Perps: live order book, 14 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 Phemex live order book, 4 min ago	1.66 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 14 min ago	2.07 bp	6.6 bp −$7	8.4 bp −$84	9.9 bp −$989	doesn't fit

INTC on 33 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 INTCUSDT	−0.0874%	8h	120.35	+0.008%	$25.1M	$32.0M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.26	−0.065%	$299K	$543K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.22	−0.100%	$12.8M	$28.8M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.22	−0.100%	$8.1M	$30.4M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.73	+0.324%	$905K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.23	−0.091%	$20K	$107K	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	120.34	long leg	$1.7M	$50K	10x
Lighter RH INTC	+0.0032%	1h	120.29	−0.042%	$656K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.831%	$213	$22K	12x	as long as short
Aftermath Perps INTCUSD	+0.0038%	1h	120.51	+0.142%	$2K	$55K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus INTC-USD	+0.0040%	1h	120.50	+0.133%	$91K	$307K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0041%	8h	120.20	−0.116%	$18.1M	$67.1M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.26	−0.066%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USDshort	+0.0050%	1h	120.28	−0.050%	$207K	$498K	10x
SoDEX INTC-USD	+0.0050%	1h	120.29	−0.042%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.06	−0.233%	$1.2M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0052%	1h	120.21	−0.108%	$1.4M	$10.9M	10x	as long as short
Variational Omni INTC	+0.0063%	8h	120.58	+0.196%	$2.1M	$2.5M	—	as long as short
Nado INTC-PERP	+0.0088%	1h	120.20	−0.115%	$159K	$288K	10x	as long as short
Paradex INTC-USD-PERP	+0.0090%	8h	120.23	−0.092%	—	—	5x	as long as short
Extended INTC_24_5-USD	+0.0096%	1h	120.17	−0.143%	$334K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0097%	8h	120.19	−0.125%	$70.1M	$399.3M	25x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.66	+0.266%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.25	−0.075%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	120.27	−0.057%	$48K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0129%	8h	120.28	−0.050%	$1.1M	$107K	20x	as long as short
Lighter INTC	+0.0176%	1h	120.30	−0.031%	$1.4M	$2.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0184%	1h	120.21	−0.108%	$245K	$830K	10x	as long as short
RISEx INTC/USDC	+0.0215%	1h	120.26	−0.070%	$314K	$338K	10x	as long as short
BloFin INTC-USDT	+0.0217%	8h	120.54	+0.166%	$907K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0223%	1h	120.16	−0.150%	$143.8M	$65.2M	10x	as long as short
Phoenix INTC	+0.0265%	1h	120.62	+0.233%	$46K	$240K	10x	as long as short
edgeX INTCUSDC	+0.0770%	4h	120.57	+0.193%	$85K	$295K	10x	as long as short