Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Phemex−0.050%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1161.165% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 4 days (all we have)−0.495%−$49 · spread now −0.050%, 7d avg −0.027%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.024% cheaper against Phemex than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.027%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	119.59	0	get 0.0000% / 8h	7h 25m	$1.7M	$49K	10x
Short	ApeX Omni INTCUSDT	119.53	0.0100	get 0.0013% / 1h	25m 08s	$46K	$259K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now −0.050%Rate

Funding earned: $21
Price spread: −0.050% → −0.027%: −$2.35
Slippage, 4 orders: −$94.48
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$97.84
Costs to cover: 1.165%
Break-even: 39.6 days

Slippage from Phemex: live order book, 3 min ago; ApeX Omni: 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 Phemex live order book, 3 min ago	2.93 bp	41.5 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	6.28 bp	11.3 bp −$11	47.0 bp −$470	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	119.58	−0.012%	$424K	$675K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	119.53	−0.050%	$12.8M	$28.2M	50x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	119.60	+0.008%	$17.8M	$67.2M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	119.56	−0.025%	$7.8M	$31.1M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	119.68	+0.075%	$25.1M	$30.4M	50x	as long as short
Variational Omni INTC	0.0000%	8h	119.48	−0.091%	$1.8M	$2.7M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	119.56	−0.026%	$896K	$1.4M	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	119.59	long leg	$1.7M	$49K	10x
Binance INTCUSDT	+0.0030%	8h	119.55	−0.036%	$69.0M	$397.7M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	119.53	−0.050%	$659K	$2.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended INTC_24_5-USD	+0.0032%	1h	119.48	−0.091%	$330K	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	119.50	−0.075%	$249K	$875K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+1.463%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSD	+0.0039%	1h	119.58	−0.011%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	119.43	−0.134%	$87K	$288K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	119.43	−0.134%	—	$1.5M	25x	as long as short
edgeX INTCUSDC	+0.0048%	4h	119.50	−0.073%	$85K	$295K	10x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	119.38	−0.176%	$214K	$512K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	119.50	−0.079%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	119.37	−0.184%	$1.2M	$2.5M	10x	as long as short
QFEX INTC-USD	+0.0056%	1h	119.48	−0.092%	$1.3M	$9.8M	10x	as long as short
Nado INTC-PERP	+0.0064%	1h	119.44	−0.129%	$155K	$297K	10x	as long as short
Lighter INTC	+0.0080%	1h	119.52	−0.061%	$1.4M	$1.8M	10x	as long as short
Paradex INTC-USD-PERP	+0.0081%	8h	119.45	−0.118%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0088%	1h	119.48	−0.089%	$48K	—	10x	as long as short
ApeX Omni INTCUSDTshort	+0.0100%	1h	119.53	−0.050%	$46K	$259K	50x
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	119.49	−0.084%	$4K	$3K	10x	as long as short
BloFin INTC-USDT	+0.0119%	8h	119.58	−0.008%	$899K	$329K	25x	as long as short
KuCoin INTCUSDTM	+0.0123%	8h	119.57	−0.017%	$1.1M	$164K	20x	as long as short
tradeXYZ xyz:INTC	+0.0250%	1h	119.46	−0.109%	$143.9M	$58.3M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0253%	1h	119.44	−0.125%	$20K	$107K	10x	as long as short
Phoenix INTC	+0.0264%	1h	119.49	−0.084%	$46K	$236K	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	119.54	−0.042%	$314K	$312K	10x	as long as short