Funding you earn now, next payment 08:00 UTC+0.0159%/8h= +17.4% APRnext payment +$1.59 per $10,000 · paid last 24h +0.069%
Price spread now: Binance against Phemex−0.024%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1031.027% of the position
Funding, last 7 days+0.200%+$20 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.024%, 7d avg +0.005%
=Funding pays, the price is against you. Binance is 0.029% cheaper against Phemex than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.005%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex INTCUSDT | 123.13 | 0 | get 0.0000% / 8h | 4h 41m | $1.7M | $50K | 10x |
| Short | Binance INTCUSDT | 123.10 | 0.0159 | get 0.0159% / 8h | 4h 41m | $72.8M | $399.8M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $33.32
- Price spread: −0.024% → +0.005%
- −$2.9
- Slippage, 4 orders
- −$80.73
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$72.3
- Costs to cover
- 1.027%
- Break-even
- 22.2 days
Slippage from Phemex: live order book, 1 min ago; Binance: live order book, 2 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, 1 min ago | 2.84 bp | 42.9 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.41 bp | 6.1 bp −$6 | 9.1 bp −$91 | 31.5 bp −$3,148 | 203.7 bp −$101.8K |
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 | −0.0067% | 1h | 123.07 | −0.048% | $172K | $283K | 10x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 123.02 | −0.091% | $306K | $524K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 123.09 | −0.032% | $13.1M | $28.4M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 123.06 | −0.057% | $8.6M | $30.1M | 75x | as long as short |
| Bitget INTCUSDT | 0.0000% | 8h | 123.14 | +0.008% | $25.5M | $32.1M | 50x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 123.06 | −0.057% | $21K | $107K | 10x | as long as short |
| Phemex INTCUSDTlong | 0.0000% | 8h | 123.13 | long leg | $1.7M | $50K | 10x | |
| Lighter RH INTC | +0.0032% | 1h | 123.11 | −0.016% | $663K | $2.9M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −1.454% | $213 | $22K | 12x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 123.06 | −0.057% | $93K | $307K | 10x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps INTCUSD | +0.0042% | 1h | 123.08 | −0.037% | $2K | $52K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 123.12 | −0.008% | — | $1.5M | 25x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 123.13 | +0.003% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.92 | −0.171% | $1.3M | $2.2M | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0052% | 8h | 123.07 | −0.049% | $18.7M | $67.5M | 25x | as long as short |
| GRVT INTC_USDT_Perp | +0.0060% | 8h | 123.07 | −0.046% | $922K | $1.4M | 10x | as long as short |
| QFEX INTC-USD | +0.0060% | 1h | 123.16 | +0.024% | $1.6M | $12.3M | 10x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 123.09 | −0.032% | $48K | $261K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 123.14 | +0.008% | $4K | $3K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0109% | 8h | 123.07 | −0.049% | — | — | 5x | as long as short |
| edgeX INTCUSDC | +0.0118% | 4h | 123.00 | −0.104% | $87K | $294K | 10x | as long as short |
| Aevo INTC-PERP | +0.0120% | 1h | 123.16 | +0.026% | $50K | — | 10x | as long as short |
| Variational Omni INTC | +0.0122% | 8h | 123.06 | −0.055% | $2.2M | $2.5M | — | as long as short |
| Polymarket Perps INTC-USD | +0.0125% | 1h | 123.17 | +0.032% | $212K | $485K | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0144% | 1h | 123.13 | 0.000% | $262K | $930K | 10x | as long as short |
| Binance INTCUSDTshort | +0.0159% | 8h | 123.10 | −0.024% | $72.8M | $399.8M | 25x | |
| Extended INTC_24_5-USD | +0.0160% | 1h | 123.06 | −0.058% | $340K | $1.8M | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0187% | 8h | 123.13 | 0.000% | $1.1M | $104K | 20x | as long as short |
| BloFin INTC-USDT | +0.0280% | 8h | 123.21 | +0.065% | $928K | $306K | 25x | as long as short |
| tradeXYZ xyz:INTC | +0.0296% | 1h | 123.07 | −0.049% | $146.9M | $69.0M | 10x | as long as short |
| Phoenix INTC | +0.0324% | 1h | 123.06 | −0.057% | $47K | $265K | 10x | as long as short |
| Lighter INTC | +0.0344% | 1h | 123.14 | +0.006% | $1.5M | $2.0M | 10x | as long as short |
| RISEx INTC/USDC | +0.0415% | 1h | 123.19 | +0.050% | $348K | $383K | 10x | as long as short |
Phemex INTCUSDT
Binance INTCUSDT
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Bitget INTCUSDT
Deribit INTC_USDC-PERPETUAL
Lighter RH INTC
Injective INTC/USDC PERP
Aftermath Perps INTCUSD
SoDEX INTC-USD
OKX INTC-USDT-SWAP
GRVT INTC_USDT_Perp
ApeX Omni INTCUSDT
Paradex INTC-USD-PERP
edgeX INTCUSDC
Variational Omni INTC
Polymarket Perps INTC-USD
Coinbase International INTC-PERP-INTX
Extended INTC_24_5-USD
KuCoin INTCUSDTM
BloFin INTC-USDT
tradeXYZ xyz:INTC
Phoenix INTC
Lighter INTC
RISEx INTC/USDC