INTC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0194%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.053%

Price spread now: Phoenix against Polymarket Perps−0.032%59s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.335% of the position

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.241%+$24 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.032%, 7d avg −0.009%

Together, before fees+0.292%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.023% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of −0.009%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$6 a day). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps INTC-USD	123.10	0.0130	pay 0.0016% / 1h	44m 27s	$212K	$485K	10x
Short	Phoenix INTC	123.06	0.0324	get 0.0041% / 1h	44m 27s	$47K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.032%Rate

Funding earned: $40.74
Price spread: −0.032% → −0.009%: −$2.35
Slippage, 4 orders: −$18.46
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $4.93
Costs to cover: 0.335%
Break-even: 6.2 days

Slippage from Polymarket Perps: live order book, 13 min ago; Phoenix: live order book, 11 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, 13 min ago	1.62 bp	5.6 bp −$6	7.7 bp −$77	10.2 bp −$1,020	doesn't fit
Sell Phoenix live order book, 11 min ago	2.43 bp	10.8 bp −$11	22.8 bp −$228	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
Nado INTC-PERP	−0.0062%	1h	123.02	−0.063%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.02	−0.065%	$307K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.10	0.000%	$13.1M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.09	−0.008%	$8.6M	$30.1M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.15	+0.041%	$25.5M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	122.99	−0.089%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.07	−0.024%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.09	−0.008%	$665K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.430%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.00	−0.081%	$93K	$307K	10x	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	+0.0043%	1h	123.04	−0.052%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.07	−0.024%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.06	−0.037%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.92	−0.146%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0053%	8h	123.09	−0.008%	$18.7M	$67.6M	25x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.08	−0.016%	$1.6M	$12.4M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0062%	8h	123.05	−0.041%	$922K	$1.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.91	−0.154%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.08	−0.016%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0112%	8h	123.05	−0.037%	—	—	5x	as long as short
edgeX INTCUSDC	+0.0118%	4h	123.00	−0.080%	$87K	$294K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.12	+0.015%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0122%	8h	123.06	−0.031%	$2.2M	$2.5M	—	as long as short
Polymarket Perps INTC-USDlong	+0.0130%	1h	123.10	long leg	$212K	$485K	10x
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	+0.024%	$262K	$931K	10x	as long as short
Binance INTCUSDT	+0.0160%	8h	123.13	+0.023%	$72.8M	$399.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.07	−0.024%	$340K	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0188%	8h	123.14	+0.032%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0280%	8h	123.06	−0.032%	$927K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0305%	1h	123.11	+0.008%	$147.0M	$69.0M	10x	as long as short
Phoenix INTCshort	+0.0324%	1h	123.06	−0.032%	$47K	$265K	10x
Lighter INTC	+0.0352%	1h	123.15	+0.041%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.14	+0.035%	$348K	$383K	10x	as long as short