Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0406%/8h= −44.5% APRpaid last 24h −0.058%

Price spread now: Phoenix against edgeX−0.109%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.687%−$69 on $10k

Price spread, last 3 days (all we have)+0.422%+$42 · spread now −0.109%, 7d avg −0.008%

Together, before fees−0.265%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phoenix is 0.101% cheaper against edgeX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX INTCUSDC	123.18	0.0668	pay 0.0334% / 4h	1h 28m	$87K	$288K	10x
Short	Phoenix INTC	123.05	0.0262	get 0.0033% / 1h	28m 20s	$47K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against edgeX. 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 edgeXbpFee PhoenixbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$85.28
Price spread: −0.109% → −0.008%: −$10.13
Slippage, 4 orders: −$27.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$139.2
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from edgeX: live order book, 54 min ago; Phoenix: live order book, 52 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 edgeX live order book, 54 min ago	5.73 bp	11.0 bp −$11	20.1 bp −$201	doesn't fit	doesn't fit
Sell Phoenix live order book, 52 min ago	2.46 bp	10.9 bp −$11	22.9 bp −$229	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
Aster INTCUSDT	0.0000%	8h	123.11	−0.056%	$307K	$505K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.25	+0.053%	$18.6M	$69.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.23	+0.037%	$9.1M	$32.1M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.22	+0.029%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0009%	8h	122.97	−0.174%	$921K	$1.5M	10x	as long as short
Bybit INTCUSDT	+0.0026%	8h	123.25	+0.053%	$13.5M	$29.1M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.23	+0.037%	$603K	$3.0M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.497%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	122.98	−0.166%	$2K	$53K	10x	as long as short
Variational Omni INTC	+0.0042%	8h	122.98	−0.166%	$2.1M	$2.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest INTC-USD-PERP	+0.0046%	1h	123.27	+0.070%	—	$1.5M	25x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.03	−0.125%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.23	+0.037%	$1.9M	$15.1M	10x	as long as short
SoDEX INTC-USD	+0.0061%	1h	123.14	−0.032%	$27K	$4K	10x	as long as short
Nado INTC-PERP	+0.0064%	1h	123.15	−0.027%	$169K	$237K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	122.29	−0.726%	$271K	$1.2M	10x	as long as short
Binance INTCUSDT	+0.0087%	8h	123.27	+0.070%	$72.1M	$411.0M	25x	as long as short
Extended INTC_24_5-USD	+0.0088%	1h	123.25	+0.051%	$339K	$1.1M	10x	as long as short
Paradex INTC-USD-PERP	+0.0095%	8h	123.21	+0.025%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.15	−0.028%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.17	−0.011%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	123.24	+0.046%	$50K	—	10x	as long as short
Polymarket Perps INTC-USD	+0.0104%	1h	123.23	+0.037%	$206K	$432K	10x	as long as short
KuCoin INTCUSDTM	+0.0167%	8h	123.14	−0.036%	$1.2M	$59K	20x	as long as short
BloFin INTC-USDT	+0.0205%	8h	123.20	+0.013%	$904K	$323K	25x	as long as short
Bitget INTCUSDT	+0.0228%	8h	123.26	+0.062%	$25.5M	$34.3M	50x	as long as short
tradeXYZ xyz:INTC	+0.0229%	1h	123.24	+0.045%	$145.7M	$80.3M	10x	as long as short
RISEx INTC/USDC	+0.0257%	1h	123.26	+0.062%	$331K	$366K	10x	as long as short
Phoenix INTCshort	+0.0262%	1h	123.05	−0.109%	$47K	$256K	10x
Deribit INTC_USDC-PERPETUAL	+0.0319%	1h	123.16	−0.020%	$21K	$180K	10x	as long as short
Lighter INTC	+0.0352%	1h	123.29	+0.084%	$1.5M	$1.9M	10x	as long as short
edgeX INTCUSDClong	+0.0668%	4h	123.18	long leg	$87K	$288K	10x
Arcus INTC-USD	+0.0693%	1h	123.23	+0.037%	$108K	$298K	10x	as long as short