Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0131%/8h= +14.4% APRpaid last 24h +0.036%

Price spread now: Polymarket Perps against Phemex−0.040%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1041.035% 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+0.199%+$20 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.040%, 7d avg −0.028%

Together, before fees+0.194%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	124.01	0	get 0.0000% / 8h	7h 25m	$1.7M	$50K	10x
Short	Polymarket Perps INTC-USD	123.96	0.0131	get 0.0016% / 1h	25m 08s	$213K	$471K	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 −0.040%Rate

Funding earned: $27.55
Price spread: −0.040% → −0.028%: −$1.18
Slippage, 4 orders: −$83.54
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$77.17
Costs to cover: 1.035%
Break-even: 26.6 days

Slippage from Phemex: live order book, 3 min ago; Polymarket Perps: live order book, 47 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, 3 min ago	2.82 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 47 min ago	1.21 bp	6.5 bp −$7	8.6 bp −$86	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
Aster INTCUSDT	0.0000%	8h	124.08	+0.057%	$319K	$518K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.98	−0.024%	$13.4M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.98	−0.024%	$8.5M	$30.7M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.91	−0.081%	$21K	$107K	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	124.01	long leg	$1.7M	$50K	10x
Nado INTC-PERP	+0.0011%	1h	123.90	−0.087%	$170K	$245K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.86	−0.121%	$264K	$1.1M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	124.02	+0.008%	$615K	$2.8M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0033%	8h	123.96	−0.040%	$18.6M	$68.1M	25x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.153%	$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	+0.0039%	1h	123.96	−0.040%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	124.12	+0.089%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.98	−0.020%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.95	−0.048%	$1.8M	$14.3M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.93	−0.065%	$1.3M	$2.2M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	124.20	+0.153%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.99	−0.016%	$5K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0101%	8h	123.91	−0.081%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.99	−0.018%	$50K	—	10x	as long as short
Polymarket Perps INTC-USDshort	+0.0131%	1h	123.96	−0.040%	$213K	$471K	10x
Variational Omni INTC	+0.0139%	8h	124.04	+0.028%	$2.2M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0181%	8h	123.96	−0.042%	$72.5M	$402.7M	25x	as long as short
Extended INTC_24_5-USD	+0.0184%	1h	123.97	−0.032%	$348K	$1.8M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0202%	8h	124.14	+0.105%	$930K	$1.4M	10x	as long as short
Phoenix INTC	+0.0258%	1h	124.07	+0.048%	$48K	$256K	10x	as long as short
KuCoin INTCUSDTM	+0.0273%	8h	124.05	+0.032%	$1.2M	$53K	20x	as long as short
Bitget INTCUSDT	+0.0278%	8h	124.01	0.000%	$25.6M	$32.7M	50x	as long as short
Lighter INTC	+0.0280%	1h	124.05	+0.034%	$1.5M	$1.8M	10x	as long as short
tradeXYZ xyz:INTC	+0.0289%	1h	123.92	−0.073%	$147.8M	$72.1M	10x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.99	−0.016%	$95K	$306K	10x	as long as short
BloFin INTC-USDT	+0.0301%	8h	124.04	+0.024%	$920K	$310K	25x	as long as short
edgeX INTCUSDC	+0.0314%	4h	124.10	+0.073%	$88K	$289K	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.96	−0.042%	$343K	$379K	10x	as long as short