Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.023%

Price spread now: Phemex against Polymarket Perps0.000%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1000.995% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$20 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now 0.000%, 7d avg +0.027%

Together, before fees−0.166%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.027% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps INTC-USD	121.04	0.0076	pay 0.0010% / 1h	21m 20s	$216K	$548K	10x
Short	Phemex INTCUSDT	121.04	0	get 0.0000% / 8h	21m 20s	$1.7M	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Polymarket Perps. 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 Polymarket PerpsbpFee PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$15.98
Price spread: 0.000% → +0.027%: −$2.72
Slippage, 4 orders: −$79.53
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$118.23
Costs to cover: 0.995%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; Phemex: live order book, 2 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 Polymarket Perps live order book, 16 min ago	2.89 bp	8.4 bp −$8	9.9 bp −$99	11.3 bp −$1,125	doesn't fit
Sell Phemex live order book, 2 min ago	2.07 bp	47.7 bp −$48	doesn't fit	doesn't fit	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	−0.0410%	8h	121.14	+0.083%	$25.2M	$32.5M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.06	+0.020%	$429K	$671K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.04	0.000%	$12.9M	$28.6M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.06	+0.017%	$8.2M	$31.2M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.87	−0.142%	$906K	$1.5M	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	121.04	0.000%	$1.7M	$49K	10x
Variational Omni INTC	+0.0013%	8h	120.89	−0.122%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0019%	8h	121.02	−0.017%	$18.1M	$67.8M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	121.02	−0.017%	$671K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.248%	$213	$22K	12x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0037%	1h	121.01	−0.022%	$2K	$55K	10x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.07	+0.025%	$1.3M	$10.0M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.88	−0.132%	$91K	$290K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.95	−0.074%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.03	−0.012%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.88	−0.132%	$1.2M	$2.5M	10x	as long as short
Binance INTCUSDT	+0.0054%	8h	121.04	0.000%	$69.5M	$397.7M	25x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	120.99	−0.043%	$334K	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.15	−0.735%	$240K	$816K	10x	as long as short
Polymarket Perps INTC-USDlong	+0.0076%	1h	121.04	long leg	$216K	$548K	10x
Paradex INTC-USD-PERP	+0.0085%	8h	121.04	−0.004%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.02	−0.016%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.84	−0.165%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.97	−0.058%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0100%	1h	120.95	−0.073%	$157K	$298K	10x	as long as short
KuCoin INTCUSDTM	+0.0124%	8h	120.99	−0.041%	$1.1M	$110K	20x	as long as short
BloFin INTC-USDT	+0.0174%	8h	121.03	−0.008%	$903K	$309K	25x	as long as short
Phoenix INTC	+0.0198%	1h	120.93	−0.091%	$47K	$236K	10x	as long as short
Lighter INTC	+0.0224%	1h	121.03	−0.006%	$1.4M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.09	+0.039%	$317K	$318K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0246%	1h	120.95	−0.074%	$20K	$110K	10x	as long as short
tradeXYZ xyz:INTC	+0.0279%	1h	121.03	−0.008%	$146.1M	$60.6M	10x	as long as short
edgeX INTCUSDC	+0.0415%	4h	120.80	−0.195%	$86K	$295K	10x	as long as short