Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.092%

Price spread now: Nado against Phemex−0.082%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1091.087% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.150%+$15 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now −0.082%, 7d avg −0.034%

Together, before fees+0.098%+ Points / potential airdropNado: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.048% cheaper against Phemex than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.034%). If the spread goes back, that is −$5 on $10k: about 3.4 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.150% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	122.19	0	get 0.0000% / 8h	1h 59m	$1.7M	$51K	10x
Short	Nado INTC-PERP	122.09	0.0047	get 0.0006% / 1h	59m 38s	$171K	$228K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.082%Rate

Funding earned: $9.97
Price spread: −0.082% → −0.034%: −$4.82
Slippage, 4 orders: −$89.7
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$103.55
Costs to cover: 1.087%
Break-even: 79.7 days

Slippage from Phemex: live order book, 4 min ago; Nado: live order book, 23 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, 4 min ago	0.41 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 23 min ago	4.92 bp	20.8 bp −$21	32.3 bp −$323	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	122.25	+0.049%	$303K	$502K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	122.20	+0.008%	$13.3M	$29.0M	50x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	122.16	−0.025%	$18.3M	$68.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	122.18	−0.008%	$9.0M	$32.0M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	122.21	+0.017%	$916K	$1.6M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	122.13	−0.049%	$20K	$180K	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	122.19	long leg	$1.7M	$51K	10x
Variational Omni INTC	+0.0001%	8h	122.26	+0.057%	$2.1M	$2.4M	—	as long as short
Lighter RH INTC	+0.0032%	1h	122.18	−0.008%	$603K	$3.0M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.696%	$213	$27K	12x	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	+0.0041%	1h	122.21	+0.014%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.19	0.000%	—	$1.5M	25x	as long as short
Nado INTC-PERPshort	+0.0047%	1h	122.09	−0.082%	$171K	$228K	10x
Binance INTCUSDT	+0.0048%	8h	122.19	0.000%	$71.5M	$411.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0048%	1h	122.16	−0.022%	$326K	$1.1M	10x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	122.17	−0.016%	$204K	$400K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.17	−0.020%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.06	−0.106%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	122.19	0.000%	$1.9M	$15.0M	10x	as long as short
Paradex INTC-USD-PERP	+0.0086%	8h	122.16	−0.024%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	122.19	−0.003%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.13	−0.049%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.16	−0.025%	$4K	$3K	10x	as long as short
tradeXYZ xyz:INTC	+0.0108%	1h	122.16	−0.025%	$144.2M	$80.7M	10x	as long as short
KuCoin INTCUSDTM	+0.0109%	8h	122.13	−0.049%	$1.2M	$60K	20x	as long as short
Coinbase International INTC-PERP-INTX	+0.0160%	1h	122.23	+0.033%	$280K	$1.2M	10x	as long as short
BloFin INTC-USDT	+0.0168%	8h	122.20	+0.008%	$898K	$317K	25x	as long as short
Bitget INTCUSDT	+0.0214%	8h	122.20	+0.008%	$25.4M	$34.2M	50x	as long as short
RISEx INTC/USDC	+0.0257%	1h	122.22	+0.022%	$329K	$367K	10x	as long as short
Phoenix INTC	+0.0263%	1h	122.22	+0.025%	$47K	$291K	10x	as long as short
Lighter INTC	+0.0336%	1h	122.22	+0.029%	$1.5M	$1.9M	10x	as long as short
edgeX INTCUSDC	+0.0599%	4h	122.26	+0.058%	$87K	$288K	10x	as long as short
Arcus INTC-USD	+0.0693%	1h	122.18	−0.008%	$107K	$299K	10x	as long as short