Funding you earn now, next payment 20:00 UTC−0.0213%/8h= −23.3% APRnext payment −$0.27 per $10,000 · paid last 24h −0.042%
Price spread now: Polymarket Perps against Phoenix−0.025%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 7 days−0.249%−$25 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.025%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Polymarket Perps is 0.037% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix INTC | 121.67 | 0.0263 | pay 0.0033% / 1h | 31m 11s | $47K | $288K | 10x |
| Short | Polymarket Perps INTC-USD | 121.64 | 0.0050 | get 0.0006% / 1h | 31m 11s | $203K | $389K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.65
- Price spread: −0.025% → +0.012%
- −$3.65
- Slippage, 4 orders
- −$24.56
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$87.86
- Costs to cover
- 0.396%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 14 min ago; Polymarket Perps: live order book, 16 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 Phoenix live order book, 14 min ago | 3.28 bp | 11.3 bp −$11 | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 16 min ago | 2.87 bp | 7.1 bp −$7 | 7.6 bp −$76 | 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 | 121.63 | −0.033% | $300K | $501K | 20x | as long as short |
| Extended INTC_24_5-USD | 0.0000% | 1h | 121.66 | −0.004% | $325K | $1.1M | 10x | as long as short |
| Binance INTCUSDT | 0.0000% | 8h | 121.71 | +0.032% | $71.7M | $412.2M | 25x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 121.71 | +0.033% | $13.4M | $29.3M | 50x | as long as short |
| OKX INTC-USDT-SWAP | 0.0000% | 8h | 121.72 | +0.041% | $18.2M | $68.6M | 25x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 121.71 | +0.033% | $8.8M | $32.4M | 75x | as long as short |
| Variational Omni INTC | 0.0000% | 8h | 121.65 | −0.019% | $2.1M | $2.4M | — | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 121.67 | −0.001% | $912K | $1.8M | 10x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 121.62 | −0.041% | $20K | $179K | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 121.75 | +0.066% | $1.7M | $51K | 10x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH INTC | +0.0032% | 1h | 121.70 | +0.025% | $596K | $3.1M | 10x | as long as short |
| Aftermath Perps INTCUSD | +0.0037% | 1h | 121.65 | −0.013% | $2K | $54K | 10x | as long as short |
| QFEX INTC-USD | +0.0044% | 1h | 121.70 | +0.025% | $1.9M | $15.1M | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 121.67 | 0.000% | — | $1.5M | 25x | as long as short |
| Polymarket Perps INTC-USDshort | +0.0050% | 1h | 121.64 | −0.025% | $203K | $389K | 10x | |
| SoDEX INTC-USD | +0.0050% | 1h | 121.67 | −0.002% | $27K | $3K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 121.51 | −0.132% | $1.2M | $2.2M | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0058% | 8h | 121.63 | −0.031% | — | — | 5x | as long as short |
| Nado INTC-PERP | +0.0059% | 1h | 121.59 | −0.064% | $170K | $211K | 10x | as long as short |
| Aevo INTC-PERP | +0.0080% | 1h | 121.67 | −0.003% | $49K | — | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0100% | 8h | 121.73 | +0.049% | $1.2M | $62K | 20x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 121.72 | +0.041% | $46K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 121.64 | −0.025% | $4K | $3K | 10x | as long as short |
| BloFin INTC-USDT | +0.0120% | 8h | 121.72 | +0.041% | $900K | $316K | 25x | as long as short |
| Bitget INTCUSDT | +0.0161% | 8h | 121.75 | +0.066% | $25.6M | $34.1M | 50x | as long as short |
| RISEx INTC/USDC | +0.0169% | 1h | 121.68 | +0.012% | $328K | $388K | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0184% | 1h | 121.56 | −0.090% | $285K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0211% | 1h | 121.66 | −0.008% | $143.6M | $82.3M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0220% | 1h | 121.34 | −0.271% | $213 | $31K | 12x | as long as short |
| Phoenix INTClong | +0.0263% | 1h | 121.67 | long leg | $47K | $288K | 10x | |
| Lighter INTC | +0.0264% | 1h | 121.76 | +0.076% | $1.5M | $2.3M | 10x | as long as short |
| Arcus INTC-USD | +0.0386% | 1h | 121.64 | −0.025% | $134K | $272K | 10x | as long as short |
| edgeX INTCUSDC | +0.0531% | 4h | 121.68 | +0.008% | $86K | $286K | 10x | as long as short |
Phoenix INTC
Polymarket Perps INTC-USD
Aster INTCUSDT
Extended INTC_24_5-USD
Binance INTCUSDT
Bybit INTCUSDT
OKX INTC-USDT-SWAP
Gate INTC_USDT
Variational Omni INTC
GRVT INTC_USDT_Perp
Deribit INTC_USDC-PERPETUAL
Phemex INTCUSDT
Lighter RH INTC
Aftermath Perps INTCUSD
SoDEX INTC-USD
Paradex INTC-USD-PERP
KuCoin INTCUSDTM
ApeX Omni INTCUSDT
BloFin INTC-USDT
Bitget INTCUSDT
RISEx INTC/USDC
Coinbase International INTC-PERP-INTX
tradeXYZ xyz:INTC
Injective INTC/USDC PERP
Lighter INTC
edgeX INTCUSDC