Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.015%

Price spread now: Lighter RH against Phemex+0.016%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$900.899% of the position

Long on Phemex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.016%, 7d avg −0.037%

Together, before fees+0.075%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.054% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	123.72	0	get 0.0000% / 8h	7h 03m	$1.7M	$51K	10x
Short	Lighter RH INTC	123.74	0.0032	get 0.0004% / 1h	3m 13s	$615K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.016%Rate

Funding earned: $6.72
Price spread: +0.016% → −0.037%: $5.36
Slippage, 4 orders: −$77.93
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$77.86
Costs to cover: 0.899%
Break-even: 88.1 days

Slippage from Phemex: live order book, 5 min ago; Lighter RH: live order book, 5 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, 5 min ago	0.81 bp	42.3 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	2.83 bp	3.0 bp −$3	7.2 bp −$72	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	123.81	+0.072%	$319K	$516K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.73	+0.008%	$13.3M	$28.3M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.74	+0.016%	$8.5M	$30.9M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.65	−0.057%	$21K	$107K	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	123.72	long leg	$1.7M	$51K	10x
Nado INTC-PERP	+0.0011%	1h	123.70	−0.018%	$174K	$249K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.68	−0.032%	$261K	$1.0M	10x	as long as short
Lighter RH INTCshort	+0.0032%	1h	123.74	+0.016%	$615K	$2.8M	10x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.924%	$213	$22K	12x	as long as short
OKX INTC-USDT-SWAP	+0.0034%	8h	123.72	0.000%	$18.7M	$67.7M	25x	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	+0.0040%	1h	123.80	+0.063%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.88	+0.129%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.70	−0.012%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.78	+0.048%	$1.7M	$13.6M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.65	−0.057%	$1.3M	$2.3M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0063%	8h	123.86	+0.113%	$928K	$1.4M	10x	as long as short
Paradex INTC-USD-PERP	+0.0094%	8h	123.80	+0.065%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.96	+0.194%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.71	−0.008%	$4K	$3K	10x	as long as short
Polymarket Perps INTC-USD	+0.0112%	1h	123.72	0.000%	$213K	$479K	10x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.70	−0.019%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0129%	8h	123.74	+0.014%	$2.2M	$2.5M	—	as long as short
Bitget INTCUSDT	+0.0153%	8h	123.78	+0.048%	$25.6M	$32.4M	50x	as long as short
Binance INTCUSDT	+0.0175%	8h	123.72	0.000%	$72.4M	$401.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0176%	1h	123.69	−0.023%	$353K	$1.8M	10x	as long as short
Phoenix INTC	+0.0258%	1h	123.85	+0.105%	$48K	$256K	10x	as long as short
KuCoin INTCUSDTM	+0.0271%	8h	123.79	+0.057%	$1.2M	$54K	20x	as long as short
tradeXYZ xyz:INTC	+0.0276%	1h	123.68	−0.032%	$147.6M	$69.7M	10x	as long as short
BloFin INTC-USDT	+0.0295%	8h	123.71	−0.008%	$919K	$310K	25x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.76	+0.032%	$95K	$306K	10x	as long as short
Lighter INTC	+0.0312%	1h	123.78	+0.048%	$1.5M	$1.8M	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.80	+0.063%	$343K	$379K	10x	as long as short
edgeX INTCUSDC	+0.0943%	4h	123.79	+0.059%	$88K	$290K	10x	as long as short