Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h +0.061%

Price spread now: Phoenix against Bybit+0.782%85s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.467% of the position

Long on Bybit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

Price spread, last 4 days (all we have)+0.375%+$37 · spread now +0.782%, 7d avg −0.012%

Together, before fees+0.653%+$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.794% dearer against Bybit than usual: you sell high and buy low: +$79 more if the spread goes back to its 7-day average of −0.012%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INTCUSDT	120.24	0	get 0.0000% / 8h	7h 52m	$12.8M	$28.0M	50x
Short	Phoenix INTC	121.18	0.0264	get 0.0033% / 1h	52m 09s	$47K	$236K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bybit. 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 BybitbpFee PhoenixbpOrdersPrice spread, now +0.782%Rate

Funding earned: $55.39
Price spread: +0.782% → −0.012%: $79.37
Slippage, 4 orders: −$28.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $88.06
Costs to cover: 0.467%
Break-even: from the start

Slippage from Bybit: live order book, 2 min ago; Phoenix: live order book, 43 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 Bybit live order book, 2 min ago	0.83 bp	10.2 bp −$10	21.3 bp −$213	doesn't fit	doesn't fit
Sell Phoenix live order book, 43 min ago	4.13 bp	13.0 bp −$13	28.5 bp −$285	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
Bitget INTCUSDT	−0.0152%	8h	120.24	0.000%	$25.2M	$31.0M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.27	+0.028%	$427K	$674K	20x	as long as short
Bybit INTCUSDTlong	0.0000%	8h	120.24	long leg	$12.8M	$28.0M	50x
Gate INTC_USDT	0.0000%	8h	120.19	−0.042%	$8.1M	$30.5M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.09	−0.126%	$900K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.08	−0.133%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.21	−0.025%	$1.7M	$49K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0006%	8h	120.27	+0.025%	$18.0M	$67.4M	25x	as long as short
Variational Omni INTC	+0.0010%	8h	120.86	+0.512%	$2.0M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0032%	8h	120.27	+0.025%	$69.1M	$396.5M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH INTC	+0.0032%	1h	120.19	−0.042%	$673K	$2.7M	10x	as long as short
Extended INTC_24_5-USD	+0.0032%	1h	120.25	+0.007%	$333K	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	120.18	−0.050%	$240K	$794K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.915%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	120.63	+0.326%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.18	−0.050%	$90K	$291K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.19	−0.042%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.16	−0.067%	$215K	$513K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.14	−0.083%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.34	+0.083%	$1.2M	$2.4M	10x	as long as short
Lighter INTC	+0.0056%	1h	120.16	−0.066%	$1.4M	$1.8M	10x	as long as short
QFEX INTC-USD	+0.0056%	1h	120.32	+0.067%	$1.3M	$9.9M	10x	as long as short
edgeX INTCUSDC	+0.0077%	4h	120.51	+0.225%	$86K	$295K	10x	as long as short
Paradex INTC-USD-PERP	+0.0080%	8h	120.38	+0.116%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0088%	1h	120.12	−0.099%	$48K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	119.93	−0.258%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.24	0.000%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0108%	1h	120.24	0.000%	$156K	$297K	10x	as long as short
KuCoin INTCUSDTM	+0.0117%	8h	120.27	+0.025%	$1.1M	$133K	20x	as long as short
BloFin INTC-USDT	+0.0144%	8h	120.48	+0.200%	$910K	$307K	25x	as long as short
Phoenix INTCshort	+0.0264%	1h	121.18	+0.782%	$47K	$236K	10x
tradeXYZ xyz:INTC	+0.0309%	1h	120.17	−0.058%	$145.0M	$58.2M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	120.41	+0.143%	$316K	$315K	10x	as long as short