Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0312%/8h= −34.2% APRpaid last 24h −0.101%

Price spread now: Phemex against Lighter+0.015%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$920.918% of the position

Long on Lighter Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.507%−$51 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now +0.015%, 7d avg −0.003%

Together, before fees−0.403%+ Points / potential airdropLighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter INTC	123.12	0.0312	pay 0.0039% / 1h	19m 00s	$1.5M	$2.1M	10x
Short	Phemex INTCUSDT	123.14	0	get 0.0000% / 8h	4h 19m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Lighter. 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 LighterbpFee PhemexbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$65.52
Price spread: +0.015% → −0.003%: $1.85
Slippage, 4 orders: −$79.78
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$155.46
Costs to cover: 0.918%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 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 Lighter live order book, 3 min ago	1.62 bp	2.3 bp −$2	5.4 bp −$54	27.9 bp −$2,786	doesn't fit
Sell Phemex live order book, 4 min ago	0.41 bp	48.2 bp −$48	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
Nado INTC-PERP	−0.0064%	1h	123.00	−0.096%	$172K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.09	−0.023%	$307K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.13	+0.007%	$13.1M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.09	−0.025%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.17	+0.040%	$25.5M	$32.1M	50x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	123.14	+0.015%	$1.7M	$50K	10x
Lighter RH INTC	+0.0032%	1h	123.11	−0.009%	$670K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.447%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.13	+0.007%	$93K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0042%	1h	123.14	+0.014%	$2K	$52K	10x	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	123.08	−0.033%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.12	−0.001%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.02	−0.082%	$1.3M	$2.1M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0055%	8h	123.12	−0.001%	$18.8M	$67.5M	25x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.07	−0.041%	$1.6M	$12.3M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0062%	8h	123.20	+0.065%	$923K	$1.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.15	+0.024%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.09	−0.025%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0109%	8h	123.07	−0.039%	—	—	5x	as long as short
Polymarket Perps INTC-USD	+0.0120%	1h	123.14	+0.015%	$212K	$481K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.11	−0.013%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0125%	8h	123.23	+0.090%	$2.1M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.00	−0.098%	$262K	$852K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0156%	1h	123.06	−0.050%	$21K	$107K	10x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.10	−0.019%	$345K	$1.8M	10x	as long as short
Binance INTCUSDT	+0.0162%	8h	123.14	+0.015%	$72.7M	$400.0M	25x	as long as short
KuCoin INTCUSDTM	+0.0190%	8h	123.13	+0.007%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0282%	8h	123.14	+0.015%	$927K	$306K	25x	as long as short
Lighter INTClong	+0.0312%	1h	123.12	long leg	$1.5M	$2.1M	10x
Phoenix INTC	+0.0324%	1h	123.20	+0.064%	$47K	$265K	10x	as long as short
tradeXYZ xyz:INTC	+0.0327%	1h	123.12	−0.001%	$147.2M	$69.0M	10x	as long as short
edgeX INTCUSDC	+0.0399%	4h	123.17	+0.037%	$87K	$293K	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.15	+0.022%	$348K	$368K	10x	as long as short