Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0226%/8h= +24.8% APRpaid last 24h +0.051%

Price spread now: Phoenix against GRVT−0.021%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on GRVT Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 4 days (all we have)+0.649%+$65 · spread now −0.021%, 7d avg +0.002%

Together, before fees+1.024%+ Points / potential airdropGRVT: Active · farm board+$102 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.023% cheaper against GRVT than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.002%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT INTC_USDT_Perp	123.00	0.0035	pay 0.0035% / 8h	5h 36m	$921K	$1.4M	10x
Short	Phoenix INTC	122.97	0.0261	get 0.0033% / 1h	36m 37s	$47K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against GRVT. 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 GRVTbpFee PhoenixbpOrdersPrice spread, now −0.021%Rate

Funding earned: $47.53
Price spread: −0.021% → +0.002%: −$2.26
Slippage, 4 orders: −$27.49
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $1.78
Costs to cover: 0.435%
Break-even: 6.7 days

Slippage from GRVT: live order book, 2 min ago; Phoenix: live order book, 23 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 GRVT live order book, 2 min ago	2.03 bp	12.8 bp −$13	20.0 bp −$200	doesn't fit	doesn't fit
Sell Phoenix live order book, 23 min ago	3.27 bp	11.7 bp −$12	25.2 bp −$252	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
Nado INTC-PERP	−0.0114%	1h	122.93	−0.050%	$172K	$286K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	122.95	−0.039%	$306K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.03	+0.028%	$13.3M	$28.3M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.04	+0.036%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.10	+0.085%	$25.4M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	122.94	−0.045%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.07	+0.061%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.03	+0.028%	$649K	$2.8M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0032%	8h	123.04	+0.036%	$18.6M	$67.6M	25x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.346%	$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
GRVT INTC_USDT_Perplong	+0.0035%	8h	123.00	long leg	$921K	$1.4M	10x
Arcus INTC-USD	+0.0040%	1h	122.92	−0.061%	$93K	$308K	10x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	122.87	−0.103%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.94	−0.045%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.03	+0.029%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.95	−0.037%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0057%	1h	123.03	+0.028%	$1.6M	$12.7M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.07	+0.061%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.00	+0.004%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0108%	8h	123.01	+0.011%	—	—	5x	as long as short
Variational Omni INTC	+0.0113%	8h	122.81	−0.150%	$2.1M	$2.5M	—	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.02	+0.016%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0152%	1h	123.03	+0.025%	$341K	$1.8M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0152%	1h	122.57	−0.346%	$258K	$925K	10x	as long as short
Binance INTCUSDT	+0.0154%	8h	123.06	+0.052%	$72.5M	$400.0M	25x	as long as short
Polymarket Perps INTC-USD	+0.0162%	1h	123.00	+0.004%	$212K	$481K	10x	as long as short
KuCoin INTCUSDTM	+0.0177%	8h	122.98	−0.013%	$1.1M	$104K	20x	as long as short
Phoenix INTCshort	+0.0261%	1h	122.97	−0.021%	$47K	$265K	10x
RISEx INTC/USDC	+0.0264%	1h	123.07	+0.062%	$347K	$381K	10x	as long as short
BloFin INTC-USDT	+0.0273%	8h	123.08	+0.069%	$921K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0281%	1h	123.03	+0.028%	$147.0M	$68.4M	10x	as long as short
Lighter INTC	+0.0368%	1h	123.08	+0.065%	$1.5M	$2.0M	10x	as long as short
edgeX INTCUSDC	+0.0650%	4h	122.81	−0.147%	$87K	$291K	10x	as long as short