Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against Ondo Perps+0.264%7-day average +0.130% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.264%, 7d avg +0.130%

Together, before fees−0.305%+ Points / potential airdropOndo Perps: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.134% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.264% now, against its 7-day average of +0.130%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps INTC-USD.P	121.20	0.0050	pay 0.0006% / 1h	24m 34s	$1.3M	$2.2M	10x
Short	Phemex INTCUSDT	121.52	0	get 0.0000% / 8h	3h 24m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Ondo Perps. 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 Ondo PerpsbpFee PhemexbpOrdersPrice spread, now +0.264%Rate

Funding earned: −$10.58
Price spread: +0.264% → +0.130%: $13.42
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$14.17
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	4.51 bp	42.8 bp −$43	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0235%	8h	121.44	+0.198%	$25.1M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0062%	1h	121.21	+0.008%	$170K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.47	+0.219%	$305K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.29	+0.074%	$12.8M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.36	+0.132%	$8.4M	$30.1M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.36	+0.132%	$20K	$107K	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	121.52	+0.264%	$1.7M	$50K	10x
Lighter RH INTC	+0.0032%	1h	121.42	+0.182%	$660K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.116%	$213	$22K	12x	as long as short
GRVT INTC_USDT_Perp	+0.0037%	8h	121.86	+0.546%	$913K	$1.4M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus INTC-USD	+0.0040%	1h	121.52	+0.264%	$92K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0043%	1h	121.57	+0.307%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.09	−0.091%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.42	+0.177%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.Plong	+0.0050%	1h	121.20	long leg	$1.3M	$2.2M	10x
QFEX INTC-USD	+0.0054%	1h	121.34	+0.116%	$1.5M	$11.7M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	121.26	+0.050%	$18.3M	$67.7M	25x	as long as short
Paradex INTC-USD-PERP	+0.0099%	8h	121.38	+0.149%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.61	+0.338%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.49	+0.239%	$4K	$3K	10x	as long as short
Variational Omni INTC	+0.0105%	8h	121.44	+0.200%	$2.1M	$2.5M	—	as long as short
Aevo INTC-PERP	+0.0120%	1h	121.45	+0.204%	$49K	—	10x	as long as short
Binance INTCUSDT	+0.0138%	8h	121.37	+0.138%	$71.3M	$399.4M	25x	as long as short
Extended INTC_24_5-USD	+0.0144%	1h	121.36	+0.131%	$336K	$1.9M	10x	as long as short
Polymarket Perps INTC-USD	+0.0154%	1h	121.26	+0.050%	$209K	$485K	10x	as long as short
Lighter INTC	+0.0168%	1h	121.38	+0.146%	$1.4M	$2.1M	10x	as long as short
KuCoin INTCUSDTM	+0.0168%	8h	121.47	+0.223%	$1.1M	$105K	20x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	121.24	+0.033%	$256K	$824K	10x	as long as short
BloFin INTC-USDT	+0.0262%	8h	121.52	+0.264%	$908K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0298%	1h	121.38	+0.149%	$145.3M	$66.6M	10x	as long as short
edgeX INTCUSDC	+0.0312%	4h	121.81	+0.504%	$86K	$293K	10x	as long as short
Phoenix INTC	+0.0326%	1h	121.65	+0.371%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	121.38	+0.149%	$343K	$361K	10x	as long as short