INTC

Alert: funding

Alert: spread

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: Phoenix against Polymarket Perps+0.025%59s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as 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−$400.396% 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+0.249%+$25 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.025%, 7d avg −0.012%

Together, before fees+0.243%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.037% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.012%. 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	121.61	0.0050	pay 0.0006% / 1h	32m 04s	$203K	$389K	10x
Short	Phoenix INTC	121.64	0.0263	get 0.0033% / 1h	32m 04s	$47K	$288K	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 +0.025%Rate

Funding earned: $44.65
Price spread: +0.025% → −0.012%: $3.65
Slippage, 4 orders: −$24.56
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $8.75
Costs to cover: 0.396%
Break-even: 5.6 days

Slippage from Polymarket Perps: live order book, 15 min ago; Phoenix: live order book, 14 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, 15 min ago	2.87 bp	9.9 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell Phoenix live order book, 14 min ago	3.28 bp	11.3 bp −$11	24.2 bp −$242	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	+0.016%	$300K	$501K	20x	as long as short
Extended INTC_24_5-USD	0.0000%	1h	121.62	+0.011%	$325K	$1.1M	10x	as long as short
Binance INTCUSDT	0.0000%	8h	121.64	+0.021%	$71.8M	$412.2M	25x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.64	+0.025%	$13.4M	$29.3M	50x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	121.62	+0.008%	$18.2M	$68.5M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	121.62	+0.008%	$8.8M	$32.4M	75x	as long as short
Variational Omni INTC	0.0000%	8h	121.65	+0.030%	$2.1M	$2.4M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.65	+0.036%	$912K	$1.8M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.62	+0.008%	$20K	$179K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.65	+0.033%	$1.7M	$50K	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	121.65	+0.033%	$596K	$3.1M	10x	as long as short
Aftermath Perps INTCUSD	+0.0037%	1h	121.65	+0.037%	$2K	$54K	10x	as long as short
QFEX INTC-USD	+0.0044%	1h	121.66	+0.041%	$1.9M	$15.1M	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.64	+0.025%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USDlong	+0.0050%	1h	121.61	long leg	$203K	$389K	10x
SoDEX INTC-USD	+0.0050%	1h	121.63	+0.013%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.51	−0.082%	$1.2M	$2.2M	10x	as long as short
Paradex INTC-USD-PERP	+0.0058%	8h	121.65	+0.031%	—	—	5x	as long as short
Nado INTC-PERP	+0.0062%	1h	121.57	−0.036%	$170K	$212K	10x	as long as short
Aevo INTC-PERP	+0.0080%	1h	121.64	+0.021%	$49K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0100%	8h	121.70	+0.074%	$1.2M	$62K	20x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.67	+0.049%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.60	−0.008%	$4K	$3K	10x	as long as short
BloFin INTC-USDT	+0.0120%	8h	121.66	+0.041%	$902K	$316K	25x	as long as short
Bitget INTCUSDT	+0.0162%	8h	121.64	+0.025%	$25.6M	$34.1M	50x	as long as short
RISEx INTC/USDC	+0.0169%	1h	121.67	+0.051%	$327K	$388K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0184%	1h	121.53	−0.066%	$291K	$1.2M	10x	as long as short
tradeXYZ xyz:INTC	+0.0211%	1h	121.64	+0.025%	$143.6M	$82.3M	10x	as long as short
Injective INTC/USDC PERP	+0.0220%	1h	121.34	−0.222%	$213	$31K	12x	as long as short
Phoenix INTCshort	+0.0263%	1h	121.64	+0.025%	$47K	$288K	10x
Lighter INTC	+0.0264%	1h	121.71	+0.081%	$1.5M	$2.3M	10x	as long as short
Arcus INTC-USD	+0.0386%	1h	121.61	0.000%	$134K	$272K	10x	as long as short
edgeX INTCUSDC	+0.0910%	4h	121.65	+0.030%	$86K	$285K	10x	as long as short