Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.031%

Price spread now: Phemex against Aftermath Perps−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.032% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps INTCUSD	120.36	0.0040	pay 0.0005% / 1h	47m 14s	$2K	$55K	10x
Short	Phemex INTCUSDT	120.32	0	get 0.0000% / 8h	7h 47m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aftermath 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 Aftermath PerpsbpFee PhemexbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$8.43
Price spread: −0.032% → 0.000%: −$3.22
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$32.64
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phemex live order book, 1 min ago	2.91 bp	51.4 bp −$51	doesn't fit	doesn't fit	doesn't fit

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0104%	8h	120.45	+0.076%	$25.3M	$30.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.31	−0.043%	$427K	$674K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.33	−0.024%	$12.9M	$28.1M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.29	−0.057%	$8.1M	$30.6M	75x	as long as short
Variational Omni INTC	0.0000%	8h	120.49	+0.105%	$2.0M	$2.5M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.43	+0.062%	$902K	$1.4M	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	120.32	−0.032%	$1.7M	$50K	10x
OKX INTC-USDT-SWAP	+0.0006%	8h	120.34	−0.016%	$18.0M	$67.5M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	120.32	−0.032%	$677K	$2.7M	10x	as long as short
Extended INTC_24_5-USD	+0.0032%	1h	120.30	−0.050%	$332K	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International INTC-PERP-INTX	+0.0032%	1h	120.20	−0.132%	$240K	$792K	10x	as long as short
Binance INTCUSDT	+0.0032%	8h	120.33	−0.025%	$69.3M	$396.8M	25x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.815%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSDlong	+0.0040%	1h	120.36	long leg	$2K	$55K	10x
Arcus INTC-USD	+0.0040%	1h	120.25	−0.090%	$89K	$291K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.17	−0.157%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.18	−0.148%	$215K	$513K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.31	−0.045%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.18	−0.148%	$1.2M	$2.5M	10x	as long as short
QFEX INTC-USD	+0.0056%	1h	120.30	−0.049%	$1.3M	$9.9M	10x	as long as short
Paradex INTC-USD-PERP	+0.0084%	8h	120.28	−0.065%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0088%	1h	120.30	−0.046%	$49K	—	10x	as long as short
Lighter INTC	+0.0088%	1h	120.32	−0.035%	$1.4M	$1.8M	10x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.29	−0.057%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0119%	1h	120.18	−0.151%	$156K	$296K	10x	as long as short
BloFin INTC-USDT	+0.0129%	8h	120.32	−0.032%	$905K	$330K	25x	as long as short
KuCoin INTCUSDTM	+0.0130%	8h	120.34	−0.016%	$1.1M	$138K	20x	as long as short
ApeX Omni INTCUSDT	+0.0157%	1h	120.26	−0.082%	$47K	$258K	50x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0166%	1h	120.26	−0.082%	$20K	$110K	10x	as long as short
Phoenix INTC	+0.0264%	1h	120.04	−0.265%	$46K	$236K	10x	as long as short
tradeXYZ xyz:INTC	+0.0321%	1h	120.29	−0.057%	$145.2M	$58.7M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	120.34	−0.016%	$316K	$314K	10x	as long as short
edgeX INTCUSDC	+0.0392%	4h	120.30	−0.050%	$85K	$296K	10x	as long as short