Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0693%/8h= −75.9% APRpaid last 24h −0.078%

Price spread now: Phemex against Arcus+0.024%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1071.073% of the position

Long on Arcus Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.128%−$13 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now +0.024%, 7d avg +0.069%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Phemex is 0.045% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.128% in total (about -13.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus INTC-USD	123.17	0.0693	pay 0.0087% / 1h	20m 17s	$108K	$298K	10x
Short	Phemex INTCUSDT	123.20	0	get 0.0000% / 8h	1h 20m	$1.7M	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Arcus. 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 ArcusbpFee PhemexbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$145.63
Price spread: +0.024% → +0.069%: −$4.46
Slippage, 4 orders: −$90.82
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$257.41
Costs to cover: 1.073%
Break-even: never at this rate

Slippage from Arcus: live order book, 63 min ago; Phemex: live order book, 3 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 Arcus live order book, 63 min ago	2.87 bp	9.5 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	2.43 bp	43.3 bp −$43	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
Aster INTCUSDT	0.0000%	8h	123.23	+0.050%	$307K	$505K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.18	+0.008%	$18.6M	$69.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.19	+0.016%	$9.1M	$32.2M	75x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	123.20	+0.024%	$1.7M	$51K	10x
Bybit INTCUSDT	+0.0022%	8h	123.18	+0.008%	$13.4M	$29.2M	50x	as long as short
GRVT INTC_USDT_Perp	+0.0029%	8h	123.38	+0.173%	$925K	$1.5M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.17	0.000%	$599K	$3.0M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.486%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	123.25	+0.062%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.21	+0.032%	—	$1.5M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX INTC-USD	+0.0050%	1h	123.19	+0.012%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.00	−0.138%	$1.3M	$2.2M	10x	as long as short
Variational Omni INTC	+0.0057%	8h	123.25	+0.069%	$2.1M	$2.4M	—	as long as short
Nado INTC-PERP	+0.0058%	1h	123.17	+0.001%	$169K	$237K	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.19	+0.016%	$1.9M	$15.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	123.07	−0.081%	$264K	$1.2M	10x	as long as short
Polymarket Perps INTC-USD	+0.0082%	1h	123.17	0.000%	$206K	$432K	10x	as long as short
Paradex INTC-USD-PERP	+0.0091%	8h	123.16	−0.012%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.40	+0.187%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.16	−0.008%	$4K	$3K	10x	as long as short
Binance INTCUSDT	+0.0101%	8h	123.20	+0.022%	$72.1M	$411.3M	25x	as long as short
Extended INTC_24_5-USD	+0.0104%	1h	123.18	+0.005%	$343K	$1.1M	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	123.19	+0.013%	$50K	—	10x	as long as short
edgeX INTCUSDC	+0.0153%	4h	123.39	+0.178%	$87K	$287K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0156%	1h	123.12	−0.041%	$21K	$180K	10x	as long as short
KuCoin INTCUSDTM	+0.0177%	8h	123.24	+0.057%	$1.2M	$60K	20x	as long as short
BloFin INTC-USDT	+0.0222%	8h	123.31	+0.114%	$908K	$323K	25x	as long as short
tradeXYZ xyz:INTC	+0.0229%	1h	123.17	0.000%	$145.7M	$79.6M	10x	as long as short
Bitget INTCUSDT	+0.0230%	8h	123.19	+0.016%	$25.5M	$34.3M	50x	as long as short
RISEx INTC/USDC	+0.0257%	1h	123.25	+0.061%	$336K	$369K	10x	as long as short
Phoenix INTC	+0.0262%	1h	123.37	+0.162%	$47K	$256K	10x	as long as short
Lighter INTC	+0.0344%	1h	123.22	+0.045%	$1.5M	$1.9M	10x	as long as short
Arcus INTC-USDlong	+0.0693%	1h	123.17	long leg	$108K	$298K	10x