Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.060%

Price spread now: Aster against Phoenix+0.363%55s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.987% of the position

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.396%−$40 on $10k

Price spread, last 4 days (all we have)−0.921%−$92 · spread now +0.363%, 7d avg +0.014%

Together, before fees−1.317%+ Points / potential airdropAster: Stage 5 · farm board−$132 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.349% dearer against Phoenix than usual: you sell high and buy low (spread +0.363% now, against its 7-day average of +0.014%): +$35 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 4.4 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix INTC	119.49	0.0264	pay 0.0033% / 1h	22m 32s	$46K	$236K	10x
Short	Aster INTCUSDT	119.92	0	get 0.0000% / 8h	7h 22m	$426K	$675K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now +0.363%Rate

Funding earned: −$55.39
Price spread: +0.363% → +0.014%: $34.91
Slippage, 4 orders: −$83.73
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$119.21
Costs to cover: 0.987%
Break-even: never at this rate

Slippage from Phoenix: live order book, 8 min ago; Aster: live order book, 10 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 Phoenix live order book, 8 min ago	3.35 bp	11.9 bp −$12	26.4 bp −$264	doesn't fit	doesn't fit
Sell Aster live order book, 10 min ago	2.50 bp	17.9 bp −$18	49.7 bp −$497	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 INTCUSDTshort	0.0000%	8h	119.92	+0.363%	$426K	$675K	20x
Bybit INTCUSDT	0.0000%	8h	120.17	+0.569%	$12.9M	$28.3M	50x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	120.13	+0.536%	$17.9M	$67.5M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	120.20	+0.594%	$7.8M	$31.1M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	120.20	+0.594%	$25.2M	$30.5M	50x	as long as short
Variational Omni INTC	0.0000%	8h	119.48	−0.007%	$1.8M	$2.7M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	119.53	+0.034%	$895K	$1.4M	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.03	+0.452%	$1.7M	$49K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.13	+0.536%	$660K	$2.8M	10x	as long as short
Extended INTC_24_5-USD	+0.0032%	1h	120.12	+0.526%	$332K	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International INTC-PERP-INTX	+0.0032%	1h	119.50	+0.008%	$249K	$875K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+1.548%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSD	+0.0038%	1h	119.73	+0.198%	$2K	$55K	10x	as long as short
Binance INTCUSDT	+0.0039%	8h	120.14	+0.544%	$69.3M	$398.4M	25x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.18	+0.577%	$88K	$288K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.10	+0.511%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.05	+0.469%	$215K	$512K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	119.97	+0.403%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.12	+0.527%	$1.2M	$2.5M	10x	as long as short
QFEX INTC-USD	+0.0056%	1h	120.22	+0.611%	$1.3M	$9.7M	10x	as long as short
Nado INTC-PERP	+0.0062%	1h	120.08	+0.495%	$156K	$296K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0084%	1h	119.95	+0.385%	$20K	$105K	10x	as long as short
Aevo INTC-PERP	+0.0088%	1h	120.00	+0.427%	$48K	—	10x	as long as short
Paradex INTC-USD-PERP	+0.0092%	8h	120.22	+0.611%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	119.53	+0.033%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	119.93	+0.368%	$4K	$3K	10x	as long as short
Lighter INTC	+0.0104%	1h	120.22	+0.609%	$1.4M	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0132%	8h	120.04	+0.460%	$1.1M	$166K	20x	as long as short
BloFin INTC-USDT	+0.0135%	8h	120.02	+0.444%	$902K	$330K	25x	as long as short
tradeXYZ xyz:INTC	+0.0258%	1h	120.09	+0.502%	$144.7M	$57.4M	10x	as long as short
Phoenix INTClong	+0.0264%	1h	119.49	long leg	$46K	$236K	10x
RISEx INTC/USDC	+0.0362%	1h	120.17	+0.567%	$315K	$312K	10x	as long as short
edgeX INTCUSDC	+0.0479%	4h	119.52	+0.021%	$85K	$296K	10x	as long as short