Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against ApeX Omni+0.290%77s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as 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−$1071.066% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.293%−$29 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.290%, 7d avg +0.028%

Together, before fees−0.499%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.261% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.290% now, against its 7-day average of +0.028%): +$26 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.7 days. The two prices were read 77 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	ApeX Omni INTCUSDT	120.84	0.0100	pay 0.0013% / 1h	17m 44s	$47K	$258K	50x
Short	Phemex INTCUSDT	121.19	0	get 0.0000% / 8h	17m 44s	$1.7M	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against ApeX Omni. 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 ApeX OmnibpFee PhemexbpOrdersPrice spread, now +0.290%Rate

Funding earned: −$21
Price spread: +0.290% → +0.028%: $26.13
Slippage, 4 orders: −$84.6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$101.47
Costs to cover: 1.066%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 19 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 ApeX Omni live order book, 19 min ago	6.19 bp	11.2 bp −$11	48.8 bp −$488	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.07 bp	47.7 bp −$48	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	−0.0395%	8h	121.30	+0.381%	$25.3M	$32.5M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.12	+0.231%	$429K	$671K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.21	+0.306%	$12.9M	$28.7M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.15	+0.257%	$8.2M	$31.2M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.03	+0.157%	$907K	$1.5M	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	121.19	+0.290%	$1.7M	$49K	10x
Variational Omni INTC	+0.0013%	8h	120.99	+0.127%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0024%	8h	121.22	+0.314%	$18.1M	$67.9M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	121.19	+0.290%	$671K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.414%	$213	$22K	12x	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	+0.0038%	1h	121.04	+0.165%	$2K	$55K	10x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.00	+0.132%	$1.3M	$10.0M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.93	+0.074%	$91K	$290K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.03	+0.157%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.07	+0.193%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.90	+0.050%	$1.2M	$2.5M	10x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	121.14	+0.248%	$334K	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.92	+0.066%	$245K	$826K	10x	as long as short
Binance INTCUSDT	+0.0057%	8h	121.22	+0.317%	$69.6M	$397.3M	25x	as long as short
Polymarket Perps INTC-USD	+0.0080%	1h	121.12	+0.232%	$216K	$548K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0080%	1h	121.10	+0.215%	$20K	$110K	10x	as long as short
Paradex INTC-USD-PERP	+0.0087%	8h	120.92	+0.067%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.17	+0.269%	$49K	—	10x	as long as short
ApeX Omni INTCUSDTlong	+0.0100%	1h	120.84	long leg	$47K	$258K	50x
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.11	+0.223%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0108%	1h	121.01	+0.137%	$157K	$297K	10x	as long as short
KuCoin INTCUSDTM	+0.0126%	8h	121.10	+0.215%	$1.1M	$111K	20x	as long as short
BloFin INTC-USDT	+0.0176%	8h	121.05	+0.174%	$903K	$309K	25x	as long as short
Phoenix INTC	+0.0198%	1h	121.01	+0.141%	$47K	$236K	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.11	+0.224%	$318K	$317K	10x	as long as short
Lighter INTC	+0.0232%	1h	121.19	+0.292%	$1.4M	$1.9M	10x	as long as short
tradeXYZ xyz:INTC	+0.0289%	1h	121.21	+0.306%	$146.3M	$60.6M	10x	as long as short
edgeX INTCUSDC	+0.0415%	4h	120.80	−0.030%	$86K	$295K	10x	as long as short