Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0239%/8h= +26.1% APRpaid last 24h +0.103%

Price spread now: tradeXYZ against Phemex+0.073%7-day average −0.044% · 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−$102as in the Price arb table

costs, in and out, $10k−$1141.138% of the position

Long on Phemex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.335%+$33 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.073%, 7d avg −0.044%

Together, before fees+0.188%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and tradeXYZ is 0.117% dearer against Phemex than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	123.47	0	get 0.0000% / 8h	36m 34s	$1.7M	$51K	10x
Short	tradeXYZ xyz:INTC	123.56	0.0239	get 0.0030% / 1h	36m 34s	$146.6M	$79.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.073%Rate

Funding earned: $50.11
Price spread: +0.073% → −0.044%: $11.65
Slippage, 4 orders: −$83.79
Fee Phemex: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$52.02
Costs to cover: 1.138%
Break-even: 14.3 days

Slippage from Phemex: live order book, 2 min ago; tradeXYZ: live order book, 3 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, 2 min ago	1.62 bp	42.8 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.41 bp	10.2 bp −$10	12.3 bp −$123	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	123.54	+0.059%	$308K	$506K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.48	+0.008%	$18.7M	$69.4M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.57	+0.081%	$9.1M	$32.2M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.46	−0.008%	$21K	$178K	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	123.47	long leg	$1.7M	$51K	10x
Bybit INTCUSDT	+0.0015%	8h	123.54	+0.057%	$13.4M	$28.9M	50x	as long as short
GRVT INTC_USDT_Perp	+0.0016%	8h	123.36	−0.086%	$924K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.56	+0.073%	$598K	$3.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.44	−0.024%	$267K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.725%	$213	$23K	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	+0.0042%	1h	123.39	−0.069%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.60	+0.105%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.49	+0.016%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.40	−0.057%	$1.3M	$2.3M	10x	as long as short
Nado INTC-PERP	+0.0055%	1h	123.52	+0.041%	$170K	$239K	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.52	+0.040%	$1.9M	$15.2M	10x	as long as short
Polymarket Perps INTC-USD	+0.0056%	1h	123.53	+0.049%	$213K	$452K	10x	as long as short
Variational Omni INTC	+0.0062%	8h	123.32	−0.122%	$2.2M	$2.5M	—	as long as short
Paradex INTC-USD-PERP	+0.0090%	8h	123.54	+0.056%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.34	−0.105%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.43	−0.032%	$4K	$3K	10x	as long as short
Binance INTCUSDT	+0.0109%	8h	123.52	+0.037%	$72.0M	$410.3M	25x	as long as short
Extended INTC_24_5-USD	+0.0112%	1h	123.51	+0.029%	$352K	$1.1M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.50	+0.025%	$50K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0208%	8h	123.54	+0.057%	$1.2M	$57K	20x	as long as short
BloFin INTC-USDT	+0.0229%	8h	123.48	+0.008%	$916K	$310K	25x	as long as short
tradeXYZ xyz:INTCshort	+0.0239%	1h	123.56	+0.073%	$146.6M	$79.2M	10x
Bitget INTCUSDT	+0.0239%	8h	123.50	+0.024%	$25.5M	$34.2M	50x	as long as short
Lighter INTC	+0.0312%	1h	123.60	+0.103%	$1.5M	$1.9M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.42	−0.040%	$47K	$256K	10x	as long as short
edgeX INTCUSDC	+0.0377%	4h	123.33	−0.113%	$87K	$288K	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.53	+0.048%	$342K	$378K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.48	+0.008%	$107K	$299K	10x	as long as short