Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.020%

Price spread now: Phoenix against Binance−0.155%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on Binance Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 2 days (all we have)+0.106%+$11 · spread now −0.155%, 7d avg −0.043%

Together, before fees+0.350%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.112% cheaper against Binance than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of −0.043%). If the spread goes back, that is −$11 on $10k: about 7.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.244% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INTCUSDT	122.77	0.0145	pay 0.0145% / 8h	6h 23m	$72.2M	$402.0M	25x
Short	Phoenix INTC	122.58	0.0194	get 0.0024% / 1h	23m 03s	$47K	$245K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Binance. 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 BinancebpFee PhoenixbpOrdersPrice spread, now −0.155%Rate

Funding earned: $10.38
Price spread: −0.155% → −0.043%: −$11.15
Slippage, 4 orders: −$21.41
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$39.18
Costs to cover: 0.384%
Break-even: 33.4 days

Slippage from Binance: live order book, 6 min ago; Phoenix: live order book, 42 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, 6 min ago	0.41 bp	5.7 bp −$6	8.7 bp −$87	27.8 bp −$2,778	133.9 bp −$67.0K
Sell Phoenix live order book, 42 min ago	4.04 bp	13.1 bp −$13	28.6 bp −$286	doesn't fit	doesn't fit

INTC on 32 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	122.88	+0.089%	$306K	$528K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	122.75	−0.016%	$13.3M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	122.75	−0.016%	$8.5M	$30.3M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	122.84	+0.057%	$25.4M	$32.3M	50x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	122.75	−0.016%	$920K	$1.4M	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	122.76	−0.008%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0015%	8h	122.76	−0.008%	$18.5M	$67.2M	25x	as long as short
Nado INTC-PERP	+0.0018%	1h	122.70	−0.055%	$172K	$282K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	122.76	−0.008%	$618K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.165%	$213	$22K	12x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0040%	1h	122.66	−0.092%	$2K	$53K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	122.69	−0.065%	$93K	$308K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.72	−0.041%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.80	+0.020%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.73	−0.033%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	122.81	+0.033%	$1.7M	$13.3M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	122.64	−0.106%	$259K	$1.0M	10x	as long as short
Polymarket Perps INTC-USD	+0.0078%	1h	122.80	+0.024%	$212K	$477K	10x	as long as short
Variational Omni INTC	+0.0093%	8h	122.80	+0.028%	$2.1M	$2.5M	—	as long as short
Paradex INTC-USD-PERP	+0.0099%	8h	122.80	+0.025%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.78	+0.008%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.77	0.000%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	122.80	+0.021%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0144%	1h	122.75	−0.018%	$340K	$1.8M	10x	as long as short
Binance INTCUSDTlong	+0.0145%	8h	122.77	long leg	$72.2M	$402.0M	25x
Deribit INTC_USDC-PERPETUAL	+0.0158%	1h	122.73	−0.033%	$21K	$107K	10x	as long as short
edgeX INTCUSDC	+0.0181%	4h	122.61	−0.129%	$87K	$290K	10x	as long as short
Phoenix INTCshort	+0.0194%	1h	122.58	−0.155%	$47K	$245K	10x
tradeXYZ xyz:INTC	+0.0248%	1h	122.72	−0.041%	$146.4M	$69.5M	10x	as long as short
KuCoin INTCUSDTM	+0.0255%	8h	122.80	+0.024%	$1.2M	$55K	20x	as long as short
Lighter INTC	+0.0344%	1h	122.77	+0.003%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0423%	1h	122.84	+0.057%	$347K	$384K	10x	as long as short