Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.028%

Price spread now: Phemex against Deribit+0.091%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1051.053% of the position

Long on Deribit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.128%−$13 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.091%, 7d avg +0.048%

Together, before fees−0.182%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.043% dearer against Deribit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit INTC_USDC-PERPETUAL	120.23	0	get 0.0000% / 1h	33m 45s	$20K	$107K	10x
Short	Phemex INTCUSDT	120.34	0	get 0.0000% / 8h	2h 33m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Deribit. 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 DeribitbpFee PhemexbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.048%: $4.35
Slippage, 4 orders: −$86.25
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$100.91
Costs to cover: 1.053%
Break-even: never at this rate

Slippage from Deribit: live order book, 15 min ago; Phemex: live order book, 4 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 Deribit live order book, 15 min ago	4.13 bp	8.5 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.66 bp	40.3 bp −$40	doesn't fit	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	−0.0874%	8h	120.35	+0.100%	$25.1M	$32.0M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.26	+0.026%	$299K	$543K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.22	−0.008%	$12.8M	$28.8M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.22	−0.008%	$8.1M	$30.4M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.73	+0.416%	$905K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUALlong	0.0000%	1h	120.23	long leg	$20K	$107K	10x
Phemex INTCUSDTshort	0.0000%	8h	120.34	+0.091%	$1.7M	$50K	10x
Lighter RH INTC	+0.0032%	1h	120.29	+0.050%	$656K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.923%	$213	$22K	12x	as long as short
Aftermath Perps INTCUSD	+0.0038%	1h	120.51	+0.234%	$2K	$55K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus INTC-USD	+0.0040%	1h	120.50	+0.225%	$91K	$307K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0041%	8h	120.20	−0.025%	$18.1M	$67.1M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.26	+0.025%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.28	+0.042%	$207K	$498K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.29	+0.050%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.06	−0.141%	$1.2M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0052%	1h	120.21	−0.017%	$1.4M	$10.9M	10x	as long as short
Variational Omni INTC	+0.0063%	8h	120.58	+0.288%	$2.1M	$2.5M	—	as long as short
Nado INTC-PERP	+0.0088%	1h	120.20	−0.023%	$159K	$288K	10x	as long as short
Paradex INTC-USD-PERP	+0.0090%	8h	120.23	−0.001%	—	—	5x	as long as short
Extended INTC_24_5-USD	+0.0096%	1h	120.17	−0.051%	$334K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0097%	8h	120.19	−0.033%	$70.1M	$399.3M	25x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.66	+0.358%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.25	+0.017%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	120.27	+0.034%	$48K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0129%	8h	120.28	+0.042%	$1.1M	$107K	20x	as long as short
Lighter INTC	+0.0176%	1h	120.30	+0.061%	$1.4M	$2.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0184%	1h	120.21	−0.017%	$245K	$830K	10x	as long as short
RISEx INTC/USDC	+0.0215%	1h	120.26	+0.022%	$314K	$338K	10x	as long as short
BloFin INTC-USDT	+0.0217%	8h	120.54	+0.258%	$907K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0223%	1h	120.16	−0.058%	$143.8M	$65.2M	10x	as long as short
Phoenix INTC	+0.0265%	1h	120.62	+0.324%	$46K	$240K	10x	as long as short
edgeX INTCUSDC	+0.0770%	4h	120.57	+0.285%	$85K	$295K	10x	as long as short