Funding you earn now, next payment 01:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h −0.003%
Price spread now: Phoenix against Bitget−0.147%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+1.275%+$128 · spread now −0.147%, 7d avg −0.055%
=Funding pays, the price is against you. Phoenix is 0.091% cheaper against Bitget than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.055%). If the spread goes back, that is −$9 on $10k: about 38 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.039% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.1% 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 | Bitget INTCUSDT | 122.63 | 0 | get 0.0000% / 8h | 6h 27m | $25.3M | $32.3M | 50x |
| Short | Phoenix INTC | 122.45 | 0.0194 | get 0.0024% / 1h | 27m 02s | $47K | $245K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $40.73
- Price spread: −0.147% → −0.055%
- −$9.13
- Slippage, 4 orders
- −$25.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$12.9
- Costs to cover
- 0.445%
- Break-even
- 9.2 days
Slippage from Bitget: live order book, 2 min ago; Phoenix: live order book, 38 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 Bitget live order book, 2 min ago | 1.63 bp | 9.6 bp −$10 | 12.8 bp −$128 | 26.4 bp −$2,639 | doesn't fit |
| Sell Phoenix live order book, 38 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 | 122.63 | +0.002% | $305K | $528K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 122.62 | −0.008% | $13.3M | $28.5M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 122.60 | −0.024% | $8.5M | $30.3M | 75x | as long as short |
| Bitget INTCUSDTlong | 0.0000% | 8h | 122.63 | long leg | $25.3M | $32.3M | 50x | |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 122.69 | +0.049% | $920K | $1.4M | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 122.62 | −0.008% | $1.7M | $50K | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0012% | 8h | 122.60 | −0.024% | $18.5M | $67.1M | 25x | as long as short |
| Nado INTC-PERP | +0.0026% | 1h | 122.45 | −0.146% | $171K | $281K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 122.58 | −0.041% | $617K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −1.052% | $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 | 122.60 | −0.025% | $2K | $53K | 10x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 122.57 | −0.049% | $93K | $308K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 122.47 | −0.130% | — | $1.5M | 25x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 122.58 | −0.045% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.47 | −0.130% | $1.3M | $2.2M | 10x | as long as short |
| QFEX INTC-USD | +0.0055% | 1h | 122.58 | −0.041% | $1.7M | $13.2M | 10x | as long as short |
| Polymarket Perps INTC-USD | +0.0060% | 1h | 122.58 | −0.041% | $211K | $476K | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0064% | 1h | 122.64 | +0.008% | $259K | $1.0M | 10x | as long as short |
| Variational Omni INTC | +0.0090% | 8h | 122.33 | −0.248% | $2.1M | $2.5M | — | as long as short |
| Paradex INTC-USD-PERP | +0.0090% | 8h | 122.57 | −0.050% | — | — | 5x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 122.63 | 0.000% | $45K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 122.56 | −0.057% | $4K | $3K | 10x | as long as short |
| Aevo INTC-PERP | +0.0112% | 1h | 122.55 | −0.066% | $49K | — | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0136% | 1h | 122.54 | −0.075% | $340K | $1.8M | 10x | as long as short |
| Binance INTCUSDT | +0.0136% | 8h | 122.63 | −0.001% | $72.1M | $401.9M | 25x | as long as short |
| Phoenix INTCshort | +0.0194% | 1h | 122.45 | −0.147% | $47K | $245K | 10x | |
| tradeXYZ xyz:INTC | +0.0242% | 1h | 122.57 | −0.049% | $146.2M | $70.0M | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0252% | 8h | 122.63 | 0.000% | $1.2M | $55K | 20x | as long as short |
| Lighter INTC | +0.0312% | 1h | 122.61 | −0.016% | $1.5M | $2.0M | 10x | as long as short |
| Deribit INTC_USDC-PERPETUAL | +0.0403% | 1h | 122.53 | −0.082% | $21K | $107K | 10x | as long as short |
| RISEx INTC/USDC | +0.0423% | 1h | 122.61 | −0.016% | $346K | $384K | 10x | as long as short |
| edgeX INTCUSDC | +0.0948% | 4h | 122.70 | +0.055% | $87K | $290K | 10x | as long as short |
Bitget INTCUSDT
Phoenix INTC
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
GRVT INTC_USDT_Perp
Phemex INTCUSDT
OKX INTC-USDT-SWAP
Lighter RH INTC
Injective INTC/USDC PERP
Aftermath Perps INTCUSD
SoDEX INTC-USD
Polymarket Perps INTC-USD
Coinbase International INTC-PERP-INTX
Variational Omni INTC
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
Extended INTC_24_5-USD
Binance INTCUSDT
tradeXYZ xyz:INTC
KuCoin INTCUSDTM
Lighter INTC
Deribit INTC_USDC-PERPETUAL
RISEx INTC/USDC
edgeX INTCUSDC