Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.027%

Price spread now: Phemex against Polymarket Perps+0.017%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$980.982% 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−0.203%−$20 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.017%, 7d avg +0.027%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, 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	Polymarket Perps INTC-USD	120.96	0.0144	pay 0.0018% / 1h	6m 47s	$208K	$490K	10x
Short	Phemex INTCUSDT	120.98	0	get 0.0000% / 8h	3h 06m	$1.7M	$50K	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 +0.017%Rate

Funding earned: −$30.21
Price spread: +0.017% → +0.027%: −$1.03
Slippage, 4 orders: −$78.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$129.45
Costs to cover: 0.982%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 46 min ago; Phemex: live order book, 1 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, 46 min ago	2.86 bp	6.9 bp −$7	6.9 bp −$69	9.4 bp −$941	doesn't fit
Sell Phemex live order book, 1 min ago	2.07 bp	41.9 bp −$42	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	−0.0569%	8h	121.26	+0.248%	$25.1M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0039%	1h	120.88	−0.069%	$165K	$285K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.23	+0.225%	$304K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.16	+0.165%	$12.8M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.03	+0.058%	$8.4M	$30.3M	75x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	120.98	+0.017%	$1.7M	$50K	10x
GRVT INTC_USDT_Perp	+0.0006%	8h	120.93	−0.021%	$906K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.17	+0.174%	$663K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.314%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.94	−0.017%	$91K	$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	120.96	+0.001%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.68	−0.231%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.86	−0.079%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.12	+0.132%	$1.2M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	120.92	−0.033%	$1.5M	$11.4M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	121.17	+0.174%	$18.2M	$67.7M	25x	as long as short
Variational Omni INTC	+0.0080%	8h	120.91	−0.039%	$2.1M	$2.5M	—	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0081%	1h	120.84	−0.099%	$20K	$107K	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.81	−0.124%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.91	−0.041%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0106%	8h	121.11	+0.128%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	120.92	−0.032%	$49K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0120%	1h	121.07	+0.090%	$334K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0121%	8h	121.20	+0.198%	$71.2M	$398.6M	25x	as long as short
Polymarket Perps INTC-USDlong	+0.0144%	1h	120.96	long leg	$208K	$490K	10x
KuCoin INTCUSDTM	+0.0153%	8h	121.14	+0.149%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0184%	1h	121.17	+0.174%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	121.39	+0.355%	$256K	$826K	10x	as long as short
BloFin INTC-USDT	+0.0241%	8h	121.00	+0.033%	$908K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0287%	1h	121.19	+0.190%	$145.1M	$66.2M	10x	as long as short
Phoenix INTC	+0.0326%	1h	121.04	+0.066%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	120.98	+0.018%	$328K	$354K	10x	as long as short
edgeX INTCUSDC	+0.0674%	4h	120.95	−0.007%	$86K	$294K	10x	as long as short