Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.111%
Price spread now: Phemex against Polymarket Perps+0.127%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1271.268% of the position
Funding, last 7 days−0.447%−$45 on $10k
+Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.127%, 7d avg +0.042%
=The price spread pays, funding is against you. Phemex is 0.085% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.042%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 7 days (−0.447% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SAMSUNG-USD | 205.04 | 0.0050 | pay 0.0006% / 1h | 33m 53s | $45K | $78K | 10x |
| Short | Phemex SAMSUNGUSDT | 205.30 | 0 | get 0.0000% / 8h | 6h 33m | $2.7M | $1.3M | 10x |
Polymarket Perps SAMSUNG-USD
Phemex SAMSUNGUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.127% → +0.042%
- $8.46
- Slippage, 4 orders
- −$106.82
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$128.86
- Costs to cover
- 1.268%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 33 min ago; Phemex: live order book, 5 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, 33 min ago | 3.40 bp | 8.7 bp −$9 | 8.8 bp −$88 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.44 bp | 55.5 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
SAMSUNG on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SAMSUNGUSDC | −0.0699% | 4h | 204.90 | −0.069% | $252K | $401K | 10x | as long as short |
| tradeXYZ xyz:SMSN | −0.0553% | 1h | 204.98 | −0.029% | $43.1M | $46.6M | 10x | as long as short |
| Bybit SAMSUNGUSDT | −0.0499% | 8h | 205.24 | +0.098% | $7.5M | $15.7M | 100x | as long as short |
| Kraken Futures PF_SAMSUNGUSD | −0.0338% | 1h | 205.10 | +0.030% | $47K | $16K | 20x | as long as short |
| Aster SAMSUNGUSDT | 0.0000% | 4h | 205.31 | +0.131% | $104K | $142K | 50x | as long as short |
| Extended SAMSUNG-USD | 0.0000% | 1h | 205.20 | +0.077% | $193K | $83K | 10x | as long as short |
| Binance SAMSUNGUSDT | 0.0000% | 4h | 205.26 | +0.107% | $23.4M | $151.4M | 25x | as long as short |
| OKX SAMSUNG-USDT-SWAP | 0.0000% | 8h | 205.16 | +0.059% | $6.0M | $23.2M | 25x | as long as short |
| Gate SAMSUNG_USDT | 0.0000% | 4h | 205.28 | +0.117% | $8.5M | $22.9M | 75x | as long as short |
| Bitget SAMSUNGUSDT | 0.0000% | 4h | 205.33 | +0.141% | $4.2M | $14.4M | 20x | as long as short |
edgeX SAMSUNGUSDC
tradeXYZ xyz:SMSN
Bybit SAMSUNGUSDT
Kraken Futures PF_SAMSUNGUSD
Aster SAMSUNGUSDT
Extended SAMSUNG-USD
Binance SAMSUNGUSDT
OKX SAMSUNG-USDT-SWAP
Gate SAMSUNG_USDT
Bitget SAMSUNGUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SAMSUNG_USDT_Perp | 0.0000% | 4h | 204.98 | −0.029% | $24K | $154K | 10x | as long as short |
| SunX SAMSUNG-USDT | 0.0000% | 4h | 204.96 | −0.039% | $820 | $1.1M | 10x | as long as short |
| HTX SAMSUNG-USDT | 0.0000% | 4h | 205.09 | +0.024% | $74K | $135K | 20x | as long as short |
| Phemex SAMSUNGUSDTshort | 0.0000% | 8h | 205.30 | +0.127% | $2.7M | $1.3M | 10x | |
| Ondo Perps SMSN-USD.P | +0.0010% | 1h | 204.70 | −0.166% | $313K | $267K | 10x | as long as short |
| Polymarket Perps SAMSUNG-USDlong | +0.0050% | 1h | 205.04 | long leg | $45K | $78K | 10x | |
| SoDEX SAMSUNG-USD | +0.0050% | 1h | 205.24 | +0.098% | $3K | $3K | 10x | as long as short |
| Pacifica SAMSUNG | +0.0100% | 1h | 205.20 | +0.076% | $83K | $55K | 10x | as long as short |
| KuCoin SAMSUNGUSDTM | +0.0100% | 4h | 205.16 | +0.059% | $562K | $114K | 20x | as long as short |
| ApeX Omni SAMSUNGUSDT | +0.0100% | 1h | 204.98 | −0.029% | $5K | $141K | 50x | as long as short |
| Orderly PERP_SAMSUNG_USDC_mythos | +0.0100% | 8h | 205.31 | +0.132% | $3K | $488 | 10x | as long as short |
| Aevo SMSN-PERP | +0.0392% | 1h | 205.33 | +0.143% | $32K | — | 10x | as long as short |
| Aftermath Perps SAMSUNGUSD | +0.1948% | 1h | 205.10 | +0.027% | $811 | $30K | 5x | as long as short |
GRVT SAMSUNG_USDT_Perp
SunX SAMSUNG-USDT
HTX SAMSUNG-USDT
Ondo Perps SMSN-USD.P
SoDEX SAMSUNG-USD
Pacifica SAMSUNG
KuCoin SAMSUNGUSDTM
ApeX Omni SAMSUNGUSDT
Orderly PERP_SAMSUNG_USDC_mythos
Aevo SMSN-PERP
Aftermath Perps SAMSUNGUSD