Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h +0.037%

Price spread now: Phoenix against Gate−0.066%92s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$450.454% of the position

Long on Gate Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 3 days (all we have)+0.414%+$41 · spread now −0.066%, 7d avg −0.002%

Together, before fees+0.652%+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.063% cheaper against Gate than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.002%). If the spread goes back, that is −$6 on $10k: about 19 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.238% in total) that is about 45 hours. The two prices were read 92 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	Gate INTC_USDT	121.98	0	get 0.0000% / 8h	2h 29m	$8.9M	$32.3M	75x
Short	Phoenix INTC	121.90	0.0263	get 0.0033% / 1h	29m 46s	$47K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Gate. 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 GatebpFee PhoenixbpOrdersPrice spread, now −0.066%Rate

Funding earned: $55.15
Price spread: −0.066% → −0.002%: −$6.33
Slippage, 4 orders: −$23.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $3.4
Costs to cover: 0.454%
Break-even: 6.6 days

Slippage from Gate: live order book, 4 min ago; Phoenix: live order book, 55 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 Gate live order book, 4 min ago	1.23 bp	12.6 bp −$13	22.5 bp −$225	59.2 bp −$5,916	107.0 bp −$53.5K
Sell Phoenix live order book, 55 min ago	2.46 bp	10.1 bp −$10	21.5 bp −$215	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	122.00	+0.016%	$302K	$501K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	122.00	+0.016%	$18.3M	$68.3M	25x	as long as short
Gate INTC_USDTlong	0.0000%	8h	121.98	long leg	$8.9M	$32.3M	75x
Variational Omni INTC	0.0000%	8h	122.00	+0.016%	$2.1M	$2.4M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.92	−0.046%	$913K	$1.6M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.94	−0.033%	$20K	$180K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	122.00	+0.016%	$1.7M	$51K	10x	as long as short
Bybit INTCUSDT	+0.0003%	8h	122.01	+0.025%	$13.3M	$29.0M	50x	as long as short
Extended INTC_24_5-USD	+0.0024%	1h	122.00	+0.020%	$325K	$1.1M	10x	as long as short
Binance INTCUSDT	+0.0025%	8h	122.02	+0.033%	$71.4M	$411.2M	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	122.01	+0.025%	$602K	$3.1M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.525%	$213	$27K	12x	as long as short
Aftermath Perps INTCUSD	+0.0045%	1h	121.92	−0.049%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.00	+0.016%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.96	−0.016%	$203K	$399K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.00	+0.019%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.91	−0.057%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0080%	1h	121.99	+0.008%	$1.9M	$15.1M	10x	as long as short
Aevo INTC-PERP	+0.0088%	1h	122.01	+0.027%	$49K	—	10x	as long as short
BloFin INTC-USDT	+0.0089%	8h	122.01	+0.025%	$900K	$316K	25x	as long as short
Nado INTC-PERP	+0.0091%	1h	121.90	−0.068%	$171K	$233K	10x	as long as short
KuCoin INTCUSDTM	+0.0100%	8h	122.00	+0.016%	$1.2M	$61K	20x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.86	−0.098%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.00	+0.016%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0104%	8h	121.98	+0.002%	—	—	5x	as long as short
Coinbase International INTC-PERP-INTX	+0.0160%	1h	121.83	−0.123%	$279K	$1.2M	10x	as long as short
Bitget INTCUSDT	+0.0219%	8h	122.00	+0.016%	$25.4M	$34.0M	50x	as long as short
tradeXYZ xyz:INTC	+0.0234%	1h	121.97	−0.008%	$144.1M	$80.6M	10x	as long as short
Phoenix INTCshort	+0.0263%	1h	121.90	−0.066%	$47K	$291K	10x
Lighter INTC	+0.0400%	1h	122.06	+0.065%	$1.5M	$2.1M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	122.01	+0.021%	$328K	$367K	10x	as long as short
Arcus INTC-USD	+0.0507%	1h	122.00	+0.016%	$107K	$299K	10x	as long as short
edgeX INTCUSDC	+0.0875%	4h	121.93	−0.043%	$86K	$287K	10x	as long as short