Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.083%

Price spread now: Phemex against Extended+0.018%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

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

costs, in and out, $10k−$990.988% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.018%, 7d avg +0.040%

Together, before fees−0.185%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phemex is 0.022% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended INTC_24_5-USD	124.09	0.0184	pay 0.0023% / 1h	36m 16s	$349K	$1.7M	10x
Short	Phemex INTCUSDT	124.11	0	get 0.0000% / 8h	7h 36m	$1.7M	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Extended. 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 ExtendedbpFee PhemexbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$38.64
Price spread: +0.018% → +0.040%: −$2.2
Slippage, 4 orders: −$81.78
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$139.62
Costs to cover: 0.988%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Phemex: live order book, 2 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 Extended live order book, 2 min ago	0.36 bp	4.1 bp −$4	20.9 bp −$209	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.40 bp	36.0 bp −$36	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
Aster INTCUSDT	0.0000%	8h	124.09	−0.001%	$319K	$518K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	124.07	−0.015%	$13.4M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	124.06	−0.023%	$8.6M	$30.6M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	124.05	−0.031%	$21K	$107K	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	124.11	+0.018%	$1.7M	$52K	10x
Nado INTC-PERP	+0.0012%	1h	124.04	−0.042%	$170K	$243K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	124.02	−0.055%	$263K	$1.1M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	124.12	+0.026%	$619K	$2.8M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0033%	8h	124.03	−0.047%	$18.8M	$68.0M	25x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.215%	$213	$22K	12x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0038%	1h	124.05	−0.027%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	124.21	+0.098%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	124.06	−0.019%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	124.11	+0.018%	$1.9M	$14.7M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.87	−0.176%	$1.3M	$2.2M	10x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	124.03	−0.047%	$5K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0107%	8h	124.11	+0.014%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0116%	1h	123.94	−0.119%	$46K	$259K	50x	as long as short
Aevo INTC-PERP	+0.0128%	1h	124.07	−0.013%	$50K	—	10x	as long as short
edgeX INTCUSDC	+0.0138%	4h	123.92	−0.134%	$88K	$289K	10x	as long as short
Variational Omni INTC	+0.0139%	8h	124.09	−0.002%	$2.2M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0184%	8h	124.05	−0.031%	$72.5M	$403.0M	25x	as long as short
Extended INTC_24_5-USDlong	+0.0184%	1h	124.09	long leg	$349K	$1.7M	10x
Polymarket Perps INTC-USD	+0.0209%	1h	124.08	−0.007%	$214K	$470K	10x	as long as short
Lighter INTC	+0.0256%	1h	124.15	+0.050%	$1.5M	$1.8M	10x	as long as short
Phoenix INTC	+0.0258%	1h	123.90	−0.152%	$48K	$256K	10x	as long as short
KuCoin INTCUSDTM	+0.0277%	8h	124.14	+0.042%	$1.2M	$52K	20x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.98	−0.087%	$95K	$306K	10x	as long as short
BloFin INTC-USDT	+0.0301%	8h	124.16	+0.058%	$922K	$317K	25x	as long as short
tradeXYZ xyz:INTC	+0.0325%	1h	124.07	−0.015%	$148.0M	$71.8M	10x	as long as short
Bitget INTCUSDT	+0.0350%	8h	124.14	+0.042%	$25.6M	$33.0M	50x	as long as short
RISEx INTC/USDC	+0.0427%	1h	124.12	+0.023%	$344K	$378K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0490%	8h	123.89	−0.164%	$928K	$1.4M	10x	as long as short