Funding arb · Price arb / RWA

INTC

RWAAll INTC markets →

LONGBackpack▾Aster 0.0000%SunX 0.0000%Deribit 0.0000%Phemex 0.0000%Arcus +0.0038%Vest Markets +0.0046%Popdex +0.0048%Ondo Perps +0.0050%Nado +0.0080%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%Lighter RH +0.0120%QFEX +0.0160%Lighter +0.0176%AZverse +0.0202%Injective +0.0220%Aevo +0.0224%Bitget +0.0294%Aftermath Perps +0.0353%Paradex +0.0377%OKX +0.0427%Variational Omni +0.0491%edgeX +0.0530%MEXC +0.0566%Extended +0.0568%Binance +0.0572%Avantis +0.0604%Gate +0.0632%BloFin +0.0646%KuCoin +0.0666%TxFlow +0.0796%Bybit +0.0927%GRVT +0.0998%Backpack +0.1087%HTX +0.1098%RISEx +0.1102%SoDEX +0.1503%BingX +0.1529%Polymarket Perps +0.1544%tradeXYZ +0.1985%Kraken Futures +0.5646%

⇄⇅

SHORTPhoenix▾Kraken Futures +0.5646%tradeXYZ +0.1985%Polymarket Perps +0.1544%BingX +0.1529%SoDEX +0.1503%RISEx +0.1102%HTX +0.1098%GRVT +0.0998%Bybit +0.0927%TxFlow +0.0796%Avantis −0.0674%KuCoin +0.0666%BloFin +0.0646%Gate +0.0632%Binance +0.0572%Extended +0.0568%MEXC +0.0566%edgeX +0.0530%Variational Omni +0.0491%Phoenix +0.0451%OKX +0.0427%Paradex +0.0377%Aftermath Perps +0.0353%Bitget +0.0294%Aevo +0.0224%Injective +0.0220%AZverse +0.0202%Lighter +0.0176%QFEX +0.0160%Lighter RH +0.0120%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%Nado +0.0080%Ondo Perps +0.0050%Popdex +0.0048%Vest Markets +0.0046%Arcus +0.0038%Aster 0.0000%SunX 0.0000%Deribit 0.0000%Phemex 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BackpackINTC.US_USDC_PERP	71.430	+0.1087	pay 0.0136% / 1h	52m 50s	$294K	$1.5M	10x	Long Backpack
SHORT	PhoenixINTC	71.400	+0.0451	get 0.0056% / 1h	52m 50s	$39K	$600K	10x	Short Phoenix

Price gap−0.042%

Funding gap−0.0636% /8h

Both sides work against this direction now: funding costs $19 a day on $10k and the gap is 0.096% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.058% in total, about +0.0028%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.042%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BackpackPhoenix

INTC on 43 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• !
  Watch: Large against open interest6.0 / 11.5 bp

  $10k is over 10% of Phoenix’s open interest.
• i
  Note: Margin at max leverage$1,000 + $1,000

  Backpack 10x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Backpack · 1h−$32.61

  Short Phoenix · 1h+$13.52

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$19.09Long Backpack: 24 payments, −$32.61; short Phoenix: 24 payments, +$13.52.
• !
  Watch: Gap narrower than usual−0.042% vs +0.054%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$39K vs $294K OI

  Phoenix sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBackpack Yes · Phoenix No

  KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0028%/8h × 21 periods+$5.82

Price spread−0.042% → +0.054% (7d avg)−$9.63

Slippage, 4 orderslive order books−$17.76

Fee Backpack bp × 2 orders−$10.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$38.57

Costs to cover0.348%Break-even53.4 days

Slippage: Backpack: live order book, 5 min ago; Phoenix: live order book, 29 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBackpack0.706.0 bp−$613.0 bp−$130doesn’t fitdoesn’t fit

SELL · SHORTPhoenix2.8211.5 bp−$1224.1 bp−$241doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

INTC news

posts that mention INTC or Intel, from every exchangeSearch all news →

10-29 20:22	Phoenix	Other	JUST IN: Intel lost over $80B in market value in five minutes, more than the entire market cap of $XRP. $INTC is trading at $72.97 on Phoenix, 24/7. @PhoenixTrade on X ↗
10-29 14:50	Phoenix	Other	Five Phoenix-listed equities report after the close today. $SNDK 4:30pm ET. $AMZN, $INTC, $MSTR and $COIN 5:00pm ET. Trade them 24/7 on Phoenix. @PhoenixTrade on X ↗
10-29 12:15	Phemex	Other	Last night AI earnings split the room: one up, one down. Tonight it's $AMZN and $INTC. Our AI Trader made its call. Yours? 👇 INTC/USDT: @Phemex_official on X ↗
10-28 17:38	QFEX	Other	Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗
10-28 15:31	Markets by Kinetiq	Other	13 companies still to report this week. Alphabet and Microsoft report today after the close. Amazon, Coinbase and Intel follow Thursday. Chevron closes it out Friday morning. @Markets_xyz on X ↗
10-28 14:43	RISEx	Other	Post-FOMC now, then GPB and PCE tomorrow Happy trading: $HOOD: $GOOGL: $SNDK: $INTC: $MSTR: @risextrade on X ↗