INTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0176%/8h= +19.2% APRnext payment +$0.22 per $10,000 · paid last 24h −0.014%

Price spread now: Phoenix against Lighter−0.401%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Lighter Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.970%+$97 · spread now −0.401%, 7d avg −0.023%

Together, before fees+0.920%+ Points / potential airdropLighter: Season 3 · farm board+$92 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.377% cheaper against Lighter than usual: you would sell low and buy high (spread −0.401% now, against its 7-day average of −0.023%). If the spread goes back, that is −$38 on $10k: about 7.2 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter INTC	120.52	0.0088	pay 0.0011% / 1h	44m 44s	$1.4M	$1.8M	10x
Short	Phoenix INTC	120.04	0.0264	get 0.0033% / 1h	44m 44s	$46K	$236K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.401%Rate

Funding earned: $36.91
Price spread: −0.401% → −0.023%: −$37.74
Slippage, 4 orders: −$25.38
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$33.21
Costs to cover: 0.324%
Break-even: 13.3 days

Slippage from Lighter: live order book, 2 min ago; Phoenix: live order book, 50 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, 2 min ago	2.08 bp	3.2 bp −$3	6.9 bp −$69	35.4 bp −$3,538	doesn't fit
Sell Phoenix live order book, 50 min ago	4.13 bp	13.0 bp −$13	28.5 bp −$285	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
Bitget INTCUSDT	−0.0085%	8h	120.64	+0.097%	$25.3M	$30.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.43	−0.077%	$427K	$674K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.47	−0.044%	$12.8M	$28.1M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.54	+0.014%	$8.1M	$30.6M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.43	−0.074%	$902K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.40	−0.102%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.47	−0.044%	$1.7M	$50K	10x	as long as short
Variational Omni INTC	+0.0003%	8h	120.21	−0.264%	$1.8M	$2.7M	—	as long as short
OKX INTC-USDT-SWAP	+0.0011%	8h	120.48	−0.036%	$18.1M	$67.6M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	120.52	−0.002%	$678K	$2.7M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International INTC-PERP-INTX	+0.0032%	1h	120.20	−0.268%	$240K	$792K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.678%	$213	$16K	12x	as long as short
Extended INTC_24_5-USD	+0.0040%	1h	120.50	−0.016%	$332K	$1.9M	10x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	120.41	−0.098%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.38	−0.119%	$89K	$291K	10x	as long as short
Binance INTCUSDT	+0.0043%	8h	120.51	−0.011%	$69.4M	$396.1M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.31	−0.177%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.36	−0.135%	$215K	$513K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.38	−0.115%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.26	−0.218%	$1.2M	$2.5M	10x	as long as short
QFEX INTC-USD	+0.0056%	1h	120.41	−0.094%	$1.3M	$9.8M	10x	as long as short
Paradex INTC-USD-PERP	+0.0085%	8h	120.36	−0.139%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0088%	1h	120.43	−0.075%	$49K	—	10x	as long as short
Lighter INTClong	+0.0088%	1h	120.52	long leg	$1.4M	$1.8M	10x
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.40	−0.102%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0123%	1h	120.43	−0.077%	$156K	$295K	10x	as long as short
KuCoin INTCUSDTM	+0.0128%	8h	120.48	−0.036%	$1.1M	$141K	20x	as long as short
BloFin INTC-USDT	+0.0154%	8h	120.49	−0.027%	$906K	$330K	25x	as long as short
ApeX Omni INTCUSDT	+0.0186%	1h	120.17	−0.293%	$46K	$258K	50x	as long as short
Phoenix INTCshort	+0.0264%	1h	120.04	−0.401%	$46K	$236K	10x
tradeXYZ xyz:INTC	+0.0311%	1h	120.50	−0.019%	$145.4M	$58.7M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	120.39	−0.114%	$316K	$314K	10x	as long as short
edgeX INTCUSDC	+0.0392%	4h	120.30	−0.187%	$85K	$296K	10x	as long as short