Funding you earn now, next payment 16:00 UTC−0.0127%/8h= −13.9% APRnext payment −$1.27 per $10,000 · paid last 24h −0.027%
Price spread now: Phemex against Binance+0.077%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$980.983% of the position
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.077%, 7d avg −0.002%
=The price spread pays, funding is against you. Phemex is 0.079% dearer against Binance than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.002%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INTCUSDT | 120.52 | 0.0127 | pay 0.0127% / 8h | 4h 08m | $69.8M | $393.2M | 25x |
| Short | Phemex INTCUSDT | 120.61 | 0 | get 0.0000% / 8h | 4h 08m | $1.7M | $50K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- −$26.58
- Price spread: +0.077% → −0.002%
- $7.86
- Slippage, 4 orders
- −$76.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$117.05
- Costs to cover
- 0.983%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 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 Binance live order book, 13 min ago | 0.41 bp | 5.7 bp −$6 | 9.7 bp −$97 | 29.7 bp −$2,966 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.07 bp | 43.1 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
INTC on 33 exchanges
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 | 120.55 | +0.029% | $434K | $699K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 120.49 | −0.023% | $12.7M | $28.1M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 120.54 | +0.019% | $8.1M | $30.9M | 75x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 120.54 | +0.019% | $20K | $90K | 10x | as long as short |
| Phemex INTCUSDTshort | 0.0000% | 8h | 120.61 | +0.077% | $1.7M | $50K | 10x | |
| OKX INTC-USDT-SWAP | +0.0028% | 8h | 120.53 | +0.011% | $18.1M | $67.2M | 25x | as long as short |
| Nado INTC-PERP | +0.0030% | 1h | 120.63 | +0.091% | $155K | $284K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 120.50 | −0.014% | $635K | $2.7M | 10x | as long as short |
| Aftermath Perps INTCUSD | +0.0032% | 1h | 120.59 | +0.063% | $2K | $54K | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | +0.683% | $213 | $16K | 12x | as long as short |
Show all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT INTC_USDT_Perp | +0.0040% | 8h | 120.69 | +0.143% | $904K | $1.4M | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 120.52 | +0.002% | — | $1.5M | 25x | as long as short |
| Polymarket Perps INTC-USD | +0.0050% | 1h | 120.48 | −0.031% | $215K | $519K | 10x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 120.55 | +0.027% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 120.52 | +0.002% | $1.2M | $2.6M | 10x | as long as short |
| QFEX INTC-USD | +0.0055% | 1h | 120.47 | −0.039% | $1.2M | $9.4M | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0071% | 8h | 120.49 | −0.025% | — | — | 5x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 120.71 | +0.160% | $47K | $258K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 120.58 | +0.052% | $4K | $3K | 10x | as long as short |
| Variational Omni INTC | +0.0100% | 8h | 120.59 | +0.062% | $1.8M | $2.6M | — | as long as short |
| Arcus INTC-USD | +0.0103% | 1h | 120.46 | −0.048% | $85K | $247K | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0104% | 1h | 120.61 | +0.077% | $292K | $1.1M | 10x | as long as short |
| Aevo INTC-PERP | +0.0112% | 1h | 120.57 | +0.040% | $49K | — | 10x | as long as short |
| Binance INTCUSDTlong | +0.0127% | 8h | 120.52 | long leg | $69.8M | $393.2M | 25x | |
| Extended INTC_24_5-USD | +0.0128% | 1h | 120.47 | −0.042% | $333K | $2.4M | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0173% | 1h | 120.49 | −0.023% | $144.9M | $47.7M | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0175% | 8h | 120.55 | +0.027% | $1.1M | $377K | 20x | as long as short |
| Lighter INTC | +0.0192% | 1h | 120.50 | −0.012% | $1.4M | $1.6M | 10x | as long as short |
| BloFin INTC-USDT | +0.0251% | 8h | 120.63 | +0.093% | $918K | $335K | 25x | as long as short |
| Phoenix INTC | +0.0262% | 1h | 120.77 | +0.210% | $47K | $211K | 10x | as long as short |
| Bitget INTCUSDT | +0.0322% | 8h | 120.54 | +0.019% | $24.8M | $31.0M | 50x | as long as short |
| RISEx INTC/USDC | +0.0374% | 1h | 120.56 | +0.032% | $318K | $288K | 10x | as long as short |
| edgeX INTCUSDC | +0.0598% | 4h | 120.78 | +0.217% | $85K | $297K | 10x | as long as short |
Binance INTCUSDT
Phemex INTCUSDT
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Deribit INTC_USDC-PERPETUAL
OKX INTC-USDT-SWAP
Lighter RH INTC
Aftermath Perps INTCUSD
Injective INTC/USDC PERP
GRVT INTC_USDT_Perp
Polymarket Perps INTC-USD
SoDEX INTC-USD
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
Variational Omni INTC
Coinbase International INTC-PERP-INTX
Extended INTC_24_5-USD
tradeXYZ xyz:INTC
KuCoin INTCUSDTM
Lighter INTC
BloFin INTC-USDT
Phoenix INTC
Bitget INTCUSDT
RISEx INTC/USDC
edgeX INTCUSDC